I 
112TH CONGRESS 
1ST SESSION H. R. 3582 
To amend the Congressional Budget Act of 1974 to provide for 
macroeconomic analysis of the impact of legislation. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 7, 2011 
Mr. PRICE of Georgia (for himself, Mr. GARRETT, Mr. RYAN of Wisconsin, 
Mr. HENSARLING, Mr. CHAFFETZ, and Mr. STUTZMAN) introduced the 
following bill; which was referred 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 provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
To amend the Congressional Budget Act of 1974 to provide 
for macroeconomic analysis of the impact of legislation. 
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 ‘‘Pro-Growth Budgeting 
Act of 2011’’. 
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SEC. 2. MACROECONOMIC IMPACT ANALYSES. 
(a) IN GENERAL.—Part A of title IV of the Congres-
sional Budget Act of 1974 is amended by adding at the 
end the following new section: 
‘‘MACROECONOMIC IMPACT ANALYSIS OF MAJOR 
LEGISLATION 
‘‘SEC. 407. (a) CONGRESSIONAL BUDGET OFFICE.— 
The Congressional Budget Office shall, to the extent prac-
ticable, prepare for each major bill or resolution reported 
by any committee of the House of Representatives or the 
Senate (except the Committee on Appropriations of each 
House), as a supplement to estimates prepared under sec-
tion 402, a macroeconomic impact analysis of the costs 
of such bill or resolution for— 
‘‘(1) the period for which an estimate is pre-
pared for such bill or resolution under section 402; 
and 
‘‘(2) the ten fiscal-year period beginning with 
the first fiscal year after the last fiscal year for 
which an estimate was prepared under section 402 
and each of the next two ten fiscal-year periods. 
The Director shall submit to such committee the macro-
economic impact analysis, together with the basis for the 
analysis. As a supplement to estimates prepared under 
section 402, all such information so submitted shall be in-
cluded in the report accompanying such bill or resolution. 
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‘‘(b) ECONOMIC IMPACT.—The analysis prepared 
under subsection (a) shall describe the potential economic 
impact of the applicable major bill or resolution on major 
economic variables, including real gross domestic product, 
business investment, the capital stock, employment, and 
labor supply. The analysis shall also describe the potential 
fiscal effects of the bill or resolution, including any esti-
mates of revenue increases or decreases resulting from 
changes in gross domestic product. To the extent prac-
ticable, the analysis should use a variety of economic mod-
els in order to reflect the full range of possible economic 
outcomes resulting from the bill or resolution. 
‘‘(c) DEFINITIONS.—As used in this section— 
‘‘(1) the term ‘macroeconomic impact analysis’ 
means— 
‘‘(A) an estimate of the changes in eco-
nomic output, employment, capital stock, and 
tax revenues expected to result from enactment 
of the proposal; and 
‘‘(B) a statement identifying the critical 
assumptions and the source of data underlying 
that estimate; 
‘‘(2) the term ‘major bill or resolution’ means 
any bill or resolution if the budgetary effects of such 
bill or resolution for any fiscal year in the period for 
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which an estimate is prepared under section 402 is 
estimated to be greater than .25 percent of the cur-
rent projected gross domestic product of the United 
States for any such fiscal year; and 
‘‘(3) the term ‘revenue feedback’ means changes 
in revenue resulting from changes in economic 
growth as the result of the enactment of any major 
bill or resolution.’’. 
(b) CONFORMING AMENDMENT.—The table of con-
tents set forth in section 1(b) of the Congressional Budget 
Act of 1974 is amended by inserting after the item relat-
ing to section 407 the following new item: 
‘‘Sec. 407. Macroeconomic impact analysis of major legislation.’’. 
Æ 
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