Budget Transparency Act

Bill: 116-hr-7210
Sponsor: full_name: Rep. Harder, Josh [D-CA-10]
Introduced: 2020-06-15
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Congressional oversight

Economic performance and conditions

Government information and archives

Government studies and investigations

Unemployment
Latest action: action_date: 2020-06-15
text: Referred to the House Committee on the Budget.

Summaries:
action_date: 2020-06-15
action_desc: Introduced in House
text: <p><b>Budget Transparency Act</b></p> <p>This bill requires the President to submit to Congress certain updated economic projections before July 16 of each year. The submission must include updated projections regarding the federal budget deficit, the unemployment rate, the gross domestic product, the consumer price index, and interest rates. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7210 IN THE HOUSE OF REPRESENTATIVES June 15, 2020 Mr. Harder of California introduced the following bill; which was referred to the Committee on the Budget A BILL To amend section 1106 of title 31, United States Code, to require the President to submit to Congress additional updated economic projections before July 16 of each year.

1. Short title This Act may be cited as the Budget Transparency Act . 2. Submission of additional updated economic projections Section 1106(a)(1) of title 31, United States Code, is amended by striking and at the end of subparagraph (C), by inserting and at the end of subparagraph (D), and by inserting after subparagraph (D) the following: (E) updated economic projections, including projections for the Federal budget deficit, unemployment rate, changes to the gross domestic product (GDP), the consumer price index (CPI), and interest rates, and a justification for any differences in such economic projections of the Office of Management and Budget and the Congressional Budget Office; .