Increasing Baseline Updates Act

Bill: 118-hr-9716
Sponsor: full_name: Rep. Moore, Blake D. [R-UT-1]
Introduced: 2024-09-20
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Congressional oversight

Congressional-executive branch relations
Latest action: action_date: 2024-12-12
text: Received in the Senate and Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2024-09-20
action_desc: Introduced in House
text: <p><strong>Increasing Baseline Updates Act</strong></p><p>This bill requires the Congressional Budget Office (CBO) to submit to Congress&nbsp;at least two updates to its annual baseline. At least one of the updates must include the economic data used by CBO to calculate the update.&nbsp;</p><p>(A baseline is a projection of federal spending and receipts during a fiscal year under current law. Under current law, CBO is required to publish the baseline by February 15 of each year. While there is no statutory requirement for specific updates, CBO generally provides an update with its analysis of the President's annual budget request. It has also provided some updates during the summer, depending on the timing of the President's budget request.)</p><p>The bill also requires the President to submit technical budget data to Congress on or before February 1 of each year. Currently, federal agencies provide the data to Congress as part of the President's budget request.</p>

tv_txt: IIB 118th CONGRESS 2d Session H. R. 9716 IN THE SENATE OF THE UNITED STATES December 12, 2024 Received; read twice and referred to the Committee on the Budget AN ACT To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide baseline updates, and for other purposes.

1. Short title This Act may be cited as the Increasing Baseline Updates Act . 2. Congressional Budget Office updates to baseline Section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 602(e) ) is amended by adding at the end the following: (4) (A) The Director shall, to the extent practicable, submit to the Committees on the Budget of the House of Representatives and the Senate at least two updates to the baseline submitted under paragraph (1). At least one of the updates shall include economic data used by the Director to calculate such update. (B) Nothing in this paragraph shall be construed to limit the Director from providing any other update to the baseline during such year. . 3. Annual technical budget data submission by the President Section 1106 of title 31, United States Code, is amended by adding at the end the following: (d) On or before February 1 of each calendar year, the President shall submit to Congress technical budget data for the fiscal year beginning in the ensuing calendar year, which shall include up-to-date estimates for current year and prior year data and credit reestimates for the current year (as included in the Federal credit supplement of such budget). .

Passed the House of Representatives December 11, 2024. Kevin F. McCumber, Clerk.

tv_txt: I 118th CONGRESS 2d Session H. R. 9716 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide baseline updates, and for other purposes.

1. Short title This Act may be cited as the Increasing Baseline Updates Act . 2. Congressional Budget Office updates to baseline Section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 602(e) ) is amended by adding at the end the following: (4) (A) The Director shall, to the extent practicable, submit to the Committees on the Budget of the House of Representatives and the Senate at least two updates to the baseline submitted under paragraph (1). At least one of the updates shall include economic data used by the Director to calculate such update. (B) Nothing in this paragraph shall be construed to limit the Director from providing any other update to the baseline during such year. . 3. Annual technical budget data submission by the President Section 1106 of title 31, United States Code, is amended by adding at the end the following: (d) On or before February 1 of each calendar year, the President shall submit to Congress technical budget data for the fiscal year beginning in the ensuing calendar year, which shall include up-to-date estimates for current year and prior year data and credit reestimates for the current year (as included in the Federal credit supplement of such budget). .

Passed the House of Representatives December 11, 2024. Kevin F. McCumber, Clerk.

tv_txt: IB Union Calendar No. 700 118th CONGRESS 2d Session H. R. 9716 [Report No. 118–861] IN THE HOUSE OF REPRESENTATIVES September 20, 2024 Mr. Moore of Utah introduced the following bill; which was referred to the Committee on the Budget December 11, 2024 Additional sponsors: Mr. Suozzi , Mr. Estes , Mr. Norman , Mr. Edwards , Mr. Yakym , Mr. Grothman , Mr. Brecheen , Mr. Lopez , Mr. McClintock , Mr. Bergman , Mrs. Fischbach , Mrs. McClain , Mr. Ferguson , Mr. Carter of Georgia , Mr. Roy , Mr. Good of Virginia , Mr. Cline , Mr. Arrington , and Mr. Valadao December 11, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide baseline updates, and for other purposes.

1. Short title This Act may be cited as the Increasing Baseline Updates Act . 2. Congressional Budget Office updates to baseline Section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 602(e) ) is amended by adding at the end the following: (4) (A) The Director shall, to the extent practicable, submit to the Committees on the Budget of the House of Representatives and the Senate at least two updates to the baseline submitted under paragraph (1). At least one of the updates shall include economic data used by the Director to calculate such update. (B) Nothing in this paragraph shall be construed to limit the Director from providing any other update to the baseline during such year. . 3. Annual technical budget data submission by the President Section 1106 of title 31, United States Code, is amended by adding at the end the following: (d) On or before February 1 of each calendar year, the President shall submit to Congress technical budget data for the fiscal year beginning in the ensuing calendar year, which shall include up-to-date estimates for current year and prior year data and credit reestimates for the current year (as included in the Federal credit supplement of such budget). .

December 11, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: I 118th CONGRESS 2d Session H. R. 9716 IN THE HOUSE OF REPRESENTATIVES September 20, 2024 Mr. Moore of Utah introduced the following bill; which was referred to the Committee on the Budget A BILL To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide baseline updates, and for other purposes.

1. Short title This Act may be cited as the Increasing Baseline Updates Act . 2. Congressional Budget Office updates to baseline Section 202(e) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 602(e) ) is amended by adding at the end the following: (4) (A) The Director shall, to the extent practicable, submit to the Committees on the Budget of the House of Representatives and the Senate at least two updates to the baseline submitted under paragraph (1). At least one of the updates shall include economic data used by the Director to calculate such update. (B) Nothing in this paragraph shall be construed to limit the Director from providing any other update to the baseline during such year. . 3. Annual technical budget data submission by the President Section 1106 of title 31, United States Code, is amended by adding at the end the following: (d) On or before February 1 of each calendar year, the President shall submit to Congress technical budget data for the fiscal year beginning in the ensuing calendar year, which shall include up-to-date estimates for current year and prior year data and credit reestimates for the current year (as included in the Federal credit supplement of such budget). .