A bill to amend the Congressional Budget Act of 1974 to require the Congressional Office of the Budget to prepare fiscal notes for bills and joint resolutions.

Requires, under the Congressional Budget Act of 1974, the Congressional Office of the Budget to prepare fiscal notes for bills and joint resolutions. States that such fiscal note shall contain an estimate of the costs which would be incurred, or the savings which would be realized in carrying out such bill, resolution, or amendment in the fiscal year in which it is to become effective and in the four fiscal years following such fiscal year.