Increasing Baseline Updates Act
This bill requires the Congressional Budget Office (CBO) to submit to Congress at least two updates to its annual baseline. At least one of the updates must include the economic data used by CBO to calculate the update.
(A baseline is a projection of federal spending and receipts during a fiscal year under current law. Under current law, CBO is required to publish the baseline by February 15 of each year. While there is no statutory requirement for specific updates, CBO generally provides an update with its analysis of the President's annual budget request. It has also provided some updates during the summer, depending on the timing of the President's budget request.)
The bill also requires the President to submit technical budget data to Congress on or before February 1 of each year. Currently, federal agencies provide the data to Congress as part of the President's budget request.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9716 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 9716
To amend the Congressional Budget and Impoundment Control Act of 1974
to require the Congressional Budget Office to provide baseline updates,
and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 20, 2024
Mr. Moore of Utah introduced the following bill; which was referred to
the Committee on the Budget
_______________________________________________________________________
A BILL
To amend the Congressional Budget and Impoundment Control Act of 1974
to require the Congressional Budget Office to provide baseline updates,
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Increasing Baseline Updates Act''.
SEC. 2. CONGRESSIONAL BUDGET OFFICE UPDATES TO BASELINE.
Section 202(e) of the Congressional Budget and Impoundment Control
Act of 1974 (2 U.S.C. 602(e)) is amended by adding at the end the
following:
``(4)(A) The Director shall, to the extent practicable,
submit to the Committees on the Budget of the House of
Representatives and the Senate at least two updates to the
baseline submitted under paragraph (1). At least one of the
updates shall include economic data used by the Director to
calculate such update.
``(B) Nothing in this paragraph shall be construed to limit
the Director from providing any other update to the baseline
during such year.''.
SEC. 3. ANNUAL TECHNICAL BUDGET DATA SUBMISSION BY THE PRESIDENT.
Section 1106 of title 31, United States Code, is amended by adding
at the end the following:
``(d) On or before February 1 of each calendar year, the President
shall submit to Congress technical budget data for the fiscal year
beginning in the ensuing calendar year, which shall include up-to-date
estimates for current year and prior year data and credit reestimates
for the current year (as included in the Federal credit supplement of
such budget).''.
<all>
Hearings Held Prior to Introduction
Introduced in House
Introduced in House
Referred to the House Committee on the Budget.
Committee Consideration and Mark-up Session Held
Ordered to be Reported by the Yeas and Nays: 32 - 0.
Reported by the Committee on Budget. H. Rept. 118-861.
Reported by the Committee on Budget. H. Rept. 118-861.
Placed on the Union Calendar, Calendar No. 700.
Mr. Moore (UT) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H6825-6827)
DEBATE - The House proceeded with forty minutes of debate on H.R. 9716.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business. (consideration: CR H7098-7099)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 0 (Roll no. 499). (text: CR H6825)
Roll Call #499 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 0 (Roll no. 499). (text: CR H6825)
Roll Call #499 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on the Budget.