I 
113TH CONGRESS 
1ST SESSION H. R. 1654 
To improve the accuracy and transparency of the Federal budget process. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 18, 2013 
Mr. RENACCI (for himself, Mr. QUIGLEY, Mr. CARNEY, Mr. WELCH, Mr. 
HECK of Nevada, Mr. BUCSHON, Mr. BARBER, Mr. WEBSTER of Florida, 
Mr. DELANEY, Mr. OWENS, and Mr. MEEHAN) introduced the following 
bill; which was referred to the Committee on the Budget, and in addition 
to the Committees on Rules, Oversight and Government Reform, and 
Ways and Means, 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 concerned 
A BILL 
To improve the accuracy and transparency of the Federal 
budget process. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Budget Process Improvement Act of 2013’’. 
(b) TABLE OF CONTENTS.— 
Sec. 1. Short title; table of contents. 
TITLE I—IMPROVED ACCURACY AND TRANSPARENCY OF THE 
FEDERAL BUDGET PROCESS 
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Sec. 101. CBO and JCT descriptive analyses for second decade budget impact. 
Sec. 102. OMB reports on unbudgeted fiscal exposures. 
Sec. 103. Tax expenditure performance reviews and reports. 
Sec. 104. Accrual accounting report. 
Sec. 105. Annual revenue stability projection report. 
TITLE II—BIENNIAL BUDGETING 
Sec. 201. Revision of timetable. 
Sec. 202. Amendments to the Congressional Budget and Impoundment Control 
Act of 1974. 
Sec. 203. Amendments to rules of House of Representatives. 
Sec. 204. Amendments to title 31, United States Code. 
Sec. 205. Two-year appropriations; title and style of appropriations Acts. 
Sec. 206. Multiyear authorizations. 
Sec. 207. Government strategic and performance plans on a biennial basis. 
Sec. 208. Biennial appropriation bills. 
Sec. 209. Assistance by Federal agencies to standing committees of the Senate 
and the House of Representatives. 
Sec. 210. Report on two-year fiscal period. 
Sec. 211. Special transition period for the 114th Congress. 
Sec. 212. Effective date. 
TITLE I—IMPROVED ACCURACY 
AND TRANSPARENCY OF THE 
FEDERAL BUDGET PROCESS 
SEC. 101. CBO AND JCT DESCRIPTIVE ANALYSES FOR SEC-
OND DECADE BUDGET IMPACT. 
(a) CBO.—Section 402 of the Congressional Budget 
Act of 1974 is amended by inserting ‘‘(a)’’ after ‘‘402.’’, 
by striking the last sentence, and by adding at the end 
the following new subsections: 
‘‘(b) Whenever the Director of the Congressional 
Budget Office submits a cost estimate under subsection 
(a) of a bill or resolution, the Director shall also provide 
a descriptive analysis for the second decade budget impact 
of such bill or resolution. 
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‘‘(c) The estimates, comparison, and description so 
submitted shall be included in the report accompanying 
such bill or resolution if timely submitted to such com-
mittee before such report is filed.’’. 
(b) JCT.—Section 202(f) of the Congressional Budg-
et Act of 1974 is amended by inserting ‘‘(1)’’ after ‘‘REV-
ENUE ESTIMATES.—’’ and by adding at the end the fol-
lowing new paragraph: 
‘‘(2) Whenever the Joint Committee on Taxation pro-
vides revenue estimates to the Congressional Budget Of-
fice under paragraph (1), the Joint Committee on Tax-
ation shall also provide a descriptive analysis for the sec-
ond decade budget impact.’’. 
SEC. 102. OMB REPORTS ON UNBUDGETED FISCAL EXPO-
SURES. 
Not later than July 1 of each year, the Director of 
the Office of Management and Budget, in conjunction 
with the Secretary of the Treasury, shall publish a report 
on the size, scope, risk, and cost of the contingent liabil-
ities of the Government, including the implicit guarantees 
to Government-sponsored enterprises such as the Federal 
National Mortgage Association and the Federal Home 
Loan Mortgage Corporation. 
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