I 
111TH CONGRESS 
2D SESSION 
H. R. 4856 
To require the President’s budget and the congressional budget to disclose 
and display the net present value of future costs of entitlement programs. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 16, 2010 
Mr. DONNELLY of Indiana (for himself, Mr. COOPER, Mr. BOYD, Ms. 
HERSETH SANDLIN, Mr. MINNICK, Mr. BRIGHT, Mr. MATHESON, Mr. 
KRATOVIL, Mr. HILL, Mr. SHULER, Mr. TAYLOR, Mr. ELLSWORTH, Mr. 
CHILDERS, Mr. SCHRADER, Mr. BISHOP of Georgia, Ms. GIFFORDS, Mr. 
SALAZAR, Mr. MURPHY of New York, Mr. CARNEY, Mr. MICHAUD, Mr. 
NYE, and Mr. MELANCON) introduced the following bill; which was re-
ferred to the Committee on the Budget, and in addition to the Committee 
on Rules, for a period to be subsequently determined by the Speaker, in 
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned 
A BILL 
To require the President’s budget and the congressional 
budget to disclose and display the net present value 
of future costs of entitlement programs. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘The Forecast for the 
Future Act of 2010’’. 
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SEC. 2. FINDINGS. 
The Congress finds that— 
(1) the Government is on an unsustainable 
long-term fiscal path; 
(2) the fiscal year 2009 Financial Report of the 
United States Government (Department of the 
Treasury) projects that entitlement programs total 
approximately $62 trillion in present value terms 
over a 75-year projection period; 
(3) the current budget is written on a cash 
basis and does not account for the huge cost of enti-
tlement programs which will come due in the future; 
(4) amending the Federal budget process laws 
to include long-term liabilities and obligations would 
provide a more complete and accurate assessment of 
the Nation’s fiscal condition; and 
(5) including the net present value of the future 
costs of entitlement programs would be a valuable 
tool that would force Congress to recognize the need 
to address its long-term obligations when making 
annual budgetary decisions. 
SEC. 3. PRESIDENT’S BUDGET. 
Section 1105(a) of title 31, United States Code, is 
amended by adding at the end the following new para-
graph: 
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‘‘(37) a detailed, separate analysis and display, 
by budget function, by agency, and by program of 
the net present value of future costs of each entitle-
ment program for the fiscal year for which the budg-
et is submitted and each of the 4 ensuing fiscal 
years.’’. 
SEC. 4. CONGRESSIONAL BUDGET. 
(a) REQUIRED CONTENT.—Section 301(a) of the 
Congressional Budget Act of 1974 is amended by striking 
‘‘and’’ at the end of paragraph (6), by striking the period 
and inserting ‘‘; and’’ at the end of paragraph (7), and 
by adding at the end the following new paragraph: 
‘‘(8) For display purposes only, for each entitle-
ment program, the net present value of the future 
costs of the program over a 75-year time frame.’’. 
(b) HEARINGS.—The Committees on the Budget of 
the House of Representatives and the Senate are each au-
thorized and directed to hold hearings in each Congress 
with a goal of developing a plan to restore the Government 
to a sustainable long-term fiscal path. 
SEC. 5. OMB AND CBO ANNUAL REPORTS ON THE FISCAL 
EXPOSURES OF THE GOVERNMENT. 
(a) OMB.—On or before January 15 of each year, 
the Director of the Office of Management and Budget, 
after consultation with the Comptroller General and the 
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Director of the Congressional Budget Office, shall submit 
to the President and the Congress a report listing— 
(1) the fiscal exposures of the Government; and 
(2) the net present value of the future costs of 
each entitlement program over a 75-year time frame. 
(b) CBO.—Section 202(e) of the Congressional 
Budget Act of 1974 is amended by adding at the end the 
following new subsection: 
‘‘(4) FISCAL EXPOSURES REPORT.—On or be-
fore January 15 of each year, the Director, after 
consultation with the appropriate committees of the 
House of Representatives and Senate, shall submit 
to the Congress a report listing (A) the fiscal expo-
sures of the Government and (B) the net present 
value of the future costs of each entitlement pro-
gram over a 75-year time frame.’’. 
Æ 
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