To amend the Congressional Budget Act of 1974 to provide for supplemental estimates of certain revenue bills or joint resolutions that incorporates the macroeconomic effects of that measure.

Amends the Congressional Budget Act of 1974 to require the Congressional Budget Office (CBO), whenever it transmits to a congressional committee any revenue estimates provided to it by the Joint Committee on Taxation for any bill or joint resolution to which this Act applies, also to transmit a revenue estimate incorporating the macroeconomic effects of the policy being analyzed.

Requires a written statement to accompany any such macroeconomic impact statement which discloses fully the economic, technical, and behavioral assumptions made in producing the estimate.

Applies this requirement to any bill or joint resolution: (1) that the Joint Committee determines has a revenue impact exceeding $5 billion in the fiscal year in which the measure becomes effective, or in any of the four ensuing fiscal years; or (2) for which the chair or ranking member of either congressional budget committee requests such an estimate.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1475 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1475

     To amend the Congressional Budget Act of 1974 to provide for 
 supplemental estimates of certain revenue bills or joint resolutions 
      that incorporates the macroeconomic effects of that measure.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2013

 Ms. Jenkins introduced the following bill; which was referred to the 
Committee on Rules, and in addition to the Committee on the Budget, for 
a period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL


 
     To amend the Congressional Budget Act of 1974 to provide for 
 supplemental estimates of certain revenue bills or joint resolutions 
      that incorporates the macroeconomic effects of that measure.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SUPPLEMENTAL ESTIMATES OF CERTAIN REVENUE BILLS OR JOINT 
              RESOLUTIONS THAT INCORPORATES THE MACROECONOMIC EFFECTS 
              OF THAT MEASURE.

    (a) In General.--Section 402 of the Congressional Budget Act of 
1974 is amended by inserting ``(a)'' after ``402.'' and by adding at 
the end the following new subsection :
    ``(b)(1) In the case of any bill or joint resolution to which this 
subsection applies, whenever the Congressional Budget Office transmits 
to any committee of the House of Representatives or the Senate any 
revenue estimates provided to it by the Joint Committee on Taxation, it 
shall also, to the extent practicable, transmit to that committee a 
revenue estimate that incorporates the macroeconomic effects of the 
policy being analyzed. Any macroeconomic impact statement under the 
preceding sentence shall be accompanied by a written statement fully 
disclosing the economic, technical, and behavioral assumptions that 
were made in producing such estimate.
    ``(2) Paragraph (1) shall apply to any bill or joint resolution--
            ``(A) which the Joint Committee on Taxation determines, 
        pursuant to its estimate submitted to the Congressional Budget 
        Office under section 202(f), has a revenue impact in excess of 
        $5,000,000,000 in the fiscal year in which the bill or joint 
        resolution is to become effective or in any of the 4 fiscal 
        years following such fiscal year; or
            ``(B) with respect to which the chair or ranking member of 
        the Committee on the Budget of either the Senate or the House 
        of Representatives requests an estimate described in paragraph 
        (1).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect 30 days after the date of enactment of this Act.
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