IB 
Union Calendar No. 116 
113TH CONGRESS 
1ST SESSION H. R. 1874 
[Report No. 113–161, Part I] 
To amend the Congressional Budget Act of 1974 to provide for 
macroeconomic analysis of the impact of legislation. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2013 
Mr. PRICE of Georgia (for himself, Mr. RYAN of Wisconsin, Mrs. BLACK, Mr. 
CHAFFETZ, Mr. COLLINS of Georgia, Mr. COTTON, Mr. GARRETT, Mr. 
GOSAR, Mr. GRAVES of Georgia, Mr. HENSARLING, Mr. JOHNSON of 
Ohio, Mr. MARCHANT, Mr. MULVANEY, Mr. RADEL, Mr. REED, Mr. 
RIBBLE, Mr. ROSS, Mr. SCALISE, Mr. AUSTIN SCOTT of Georgia, Mr. 
WESTMORELAND, Mr. WILSON of South Carolina, Mr. WOODALL, Mr. 
JORDAN, Mr. BARR, Mr. TERRY, Mr. FRANKS of Arizona, Mr. BISHOP 
of Utah, Mr. PITTENGER, Mr. YODER, and Mr. FORTENBERRY) intro-
duced 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 provisions as fall within the jurisdiction of the committee con-
cerned 
JULY 19, 2013 
Additional sponsors: Mr. NUGENT, Mr. PAULSEN, Mr. BUCSHON, Mr. KLINE, 
Mr. TIBERI, Mr. PEARCE, Mr. KINGSTON, Mr. FORBES, Mr. MCCLIN-
TOCK, Mrs. HARTZLER, Mr. HURT, Mr. MESSER, Mr. ROKITA, Mr. 
HUIZENGA of Michigan, Mr. HARPER, Mr. YOUNG of Indiana, Mr. 
SCHOCK, Mr. MEADOWS, Mr. BARLETTA, and Mr. KINZINGER of Illinois 
JULY 19, 2013 
Reported from the Committee on the Budget with amendments 
[Omit the part struck through and insert the part printed in italic] 
JULY 19, 2013 
The Committee on Rules discharged; committed to the Committee of the 
Whole House on the State of the Union and ordered to be printed 
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A BILL 
To amend the Congressional Budget Act of 1974 to provide 
for macroeconomic analysis of the impact of legislation. 
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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 2013’’. 
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 budg-
etary effects of such bill or resolution for the ten fiscal- 
year period beginning with the first fiscal year for which 
an estimate was prepared under section 402 and each of 
the next three ten fiscal-year periods. Such estimate shall 
be predicated upon the supplemental projection described 
in section 202(e)(4). The Director shall submit to such 
committee the macroeconomic impact analysis, together 
with the basis for the analysis. As a supplement to esti-
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mates prepared under section 402, all such information 
so submitted shall be included in the report accompanying 
such bill or resolution. 
‘‘(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, inter-
est rates, and labor supply. The analysis shall also de-
scribe the potential fiscal effects of the bill or resolution, 
including any estimates of revenue increases or decreases 
resulting from changes in gross domestic product. To the 
extent practicable, the analysis should use a variety of eco-
nomic models in order to reflect the full range of possible 
economic outcomes resulting from the bill or resolution. 
The analysis (or a technical appendix to the analysis) shall 
specify the economic and econometric models used, sources 
of data, relevant data transformations, and shall include 
such explanation as is necessary to make the models com-
prehensible to academic and public policy analysts. 
‘‘(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, interest rates, cap-
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ital stock, and tax revenues expected to result 
from enactment of the proposal; 
‘‘(B) an estimate of revenue feedback ex-
pected to result from enactment of the proposal; 
and 
‘‘(C) 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 gross budgetary effects 
of such bill or resolution for any fiscal year in the 
period for which an estimate is prepared under sec-
tion 402 is estimated to be greater than .25 percent 
of the current projected gross domestic product of 
the United States for any such fiscal year; 
‘‘(3) the term ‘budgetary effect’, when applied 
to a major bill or resolution, means the changes in 
revenues, outlays, deficits, and debt resulting from 
that measure; and 
‘‘(4) 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 
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Act of 1974 Congressional Budget and Impoundment Con-
trol Act of 1974 is amended by inserting after the item 
relating to section 406 the following new item: 
‘‘Sec. 407. Macroeconomic impact analysis of major legislation.’’. 
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Union Calendar No. 116 
113TH CONGRESS 
1ST SESSION 
H. R. 1874 
[Report No. 113–161, Part I] 
A BILL 
To amend the Congressional Budget Act of 1974 to 
provide for macroeconomic analysis of the impact 
of legislation. 
JULY 19, 2013 
Reported from the Committee on the Budget with 
amendments 
JULY 19, 2013 
The Committee on Rules discharged; committed to the 
Committee of the Whole House on the State of the 
Union and ordered to be printed 
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