Pro-Growth Budgeting Act of 2014

Bill: 113-hr-1874
Sponsor: Rep. Price, Tom [R-GA-6]
Introduced: 2013-05-08 in the House
Policy area: Economics and Public Finance
Subjects: Budget process
Congressional oversight
Economic performance and conditions
Economic theory
Government studies and investigations
Legislative rules and procedure

Summary:
action_date: 2013-05-08
text: 
Pro-Growth Budgeting Act of 2013 - Amends the Congressional Budget Act of 1974 (CBA) to require the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee (except the congressional appropriations committees), as a supplement to CBO cost estimates, a macroeconomic impact analysis of the budgetary effects of such legislation for the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared and each of the next three 10-fiscal year periods.
 
Defines &quot;major bill or resolution&quot; as any bill or resolution whose budgetary effects, for any fiscal year in the period for which a CBO cost estimate is prepared, is estimated to be greater than .25% of the current projected U.S. gross domestic product (GDP) for that fiscal year.
 
Requires the analysis to describe: (1) the potential economic impact of the bill or resolution on major economic variables, including real GDP, business investment, the capital stock, employment, interest rates, and labor supply; and (2) the potential fiscal effects of the measure, including any estimates of revenue increases or decreases resulting from changes in GDP.
 
Requires the analysis (or a technical appendix to it) to specify the economic and econometric models used, sources of data, relevant data transformations, as well as any explanation necessary to make the models comprehensible to academic and public policy analysts.
action_date: 2013-07-19
text: 
Pro-Growth Budgeting Act of 2013 - Amends the Congressional Budget Act of 1974 (CBA) to require the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee (except the congressional appropriations committees), as a supplement to CBO cost estimates, a macroeconomic impact analysis of the budgetary effects of such legislation for the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared and each of the next three 10-fiscal year periods.
 
Defines &quot;major bill or resolution&quot; as any bill or resolution whose budgetary effects, for any fiscal year in the period for which a CBO cost estimate is prepared, is estimated to be greater than .25% of the current projected U.S. gross domestic product (GDP) for that fiscal year.
 
Requires the analysis to describe: (1) the potential economic impact of the bill or resolution on major economic variables, including real GDP, business investment, the capital stock, employment, interest rates, and labor supply; and (2) the potential fiscal effects of the measure, including any estimates of revenue increases or decreases resulting from changes in GDP.
 
Requires the analysis (or a technical appendix to it) to specify the economic and econometric models used, sources of data, relevant data transformations, as well as any explanation necessary to make the models comprehensible to academic and public policy analysts.
action_date: 2014-04-04
text: 
Pro-Growth Budgeting Act of 2014 - Amends the Congressional Budget Act of 1974 (CBA) to require the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee (except the congressional appropriations committees), as a supplement to CBO cost estimates, a macroeconomic impact analysis of the budgetary effects of such legislation for the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared and each of the next three 10-fiscal year periods.
 
Defines &quot;major bill or resolution&quot; as any bill or resolution whose budgetary effects, for any fiscal year in the period for which a CBO cost estimate is prepared, is estimated to be greater than .25% of the current projected U.S. gross domestic product (GDP) for that fiscal year.
 
Requires the analysis to describe: (1) the potential economic impact of the bill or resolution on major economic variables, including real GDP, business investment, the capital stock, employment, interest rates, and labor supply; and (2) the potential fiscal effects of the measure, including any estimates of revenue increases or decreases resulting from changes in GDP.
 
Requires the analysis (or a technical appendix to it) to specify the economic and econometric models used, sources of data, relevant data transformations, as well as any explanation necessary to make the models comprehensible to academic and public policy analysts. 
Requires the CBO, five fiscal years after the enactment of any major bill or joint resolution for which it prepared a macroeconomic impact analysis, to report to the congressional budget committees on the accuracy of the original analysis.

Legislative actions:
action_date: 2014-04-07
text: Received in the Senate and Read twice and referred to the Committee on the Budget.
action_date: 2014-04-04
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2014-04-04
text: On passage Passed by recorded vote: 224 - 182 (Roll no. 164).
action_date: 2014-04-04
text: Passed/agreed to in House: On passage Passed by recorded vote: 224 - 182 (Roll no. 164).
action_date: 2014-04-04
text: On motion to recommit with instructions Failed by recorded vote: 187 - 218 (Roll no. 163).
action_date: 2014-04-04
text: The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2944)
action_date: 2014-04-04
text: Floor summary: DEBATE - The House proceeeded with 10 minutes of debate on the Kuster motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require any dynamic score under the bill to include impacts on job creation and economic growth of any investment in education, transportation and infrastructure. It also allows appropriations bills to benefit from dynamic scoring under the bill.
action_date: 2014-04-04
text: Ms. Kuster moved to recommit with instructions to the Committee on the Budget. (consideration: CR H2943-2944; text: CR H2943)
action_date: 2014-04-04
text: The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of committee amendment: CR H2935-2936)
action_date: 2014-04-04
text: The previous question was ordered pursuant to the rule. (consideration: CR H2943)
action_date: 2014-04-04
text: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1874.
action_date: 2014-04-04
text: UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
action_date: 2014-04-04
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee (TX) amendment No. 5, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Jackson Lee (TX) demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
action_date: 2014-04-04
text: DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee (TX) Part B amendment No. 5.
action_date: 2014-04-04
text: DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Bishop (NY) Part B amendment No. 4.
action_date: 2014-04-04
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Cicilline amendment No. 3, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Cicilline demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
action_date: 2014-04-04
text: DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Cicilline Part B amendment No. 3.
action_date: 2014-04-04
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Israel amendment No. 2, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Israel demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
action_date: 2014-04-04
text: DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Israel Part B amendment No. 2.
action_date: 2014-04-04
text: POSTPONED PROCEEDINGS - At the conclusion of debate on the Connolly amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Connolly demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
action_date: 2014-04-04
text: DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Connolly Part B amendment No. 1.
action_date: 2014-04-04
text: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1874.
action_date: 2014-04-04
text: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 539 and Rule XVIII.
action_date: 2014-04-04
text: The Speaker designated the Honorable Doug Collins to act as Chairman of the Committee.
action_date: 2014-04-04
text: The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
action_date: 2014-04-04
text: Considered under the provisions of rule H. Res. 539. (consideration: CR H2927-2945)
action_date: 2014-04-03
text: Rules Committee Resolution H. Res. 539 Reported to House. The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
action_date: 2013-07-19
text: Placed on the Union Calendar, Calendar No. 116.
action_date: 2013-07-19
text: Committee on Rules discharged.
action_date: 2013-07-19
text: Committee on Rules discharged.
action_date: 2013-07-19
text: Reported (Amended) by the Committee on Budget. H. Rept. 113-161, Part I.
action_date: 2013-07-19
text: Reported (Amended) by the Committee on Budget. H. Rept. 113-161, Part I.
action_date: 2013-06-19
text: Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
action_date: 2013-06-19
text: Committee Consideration and Mark-up Session Held.
action_date: 2013-05-08
text: 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 concerned.
action_date: 2013-05-08
text: 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 concerned.
action_date: 2013-05-08
text: Introduced in House
action_date: 2013-05-08
text: Introduced in House