Government Shutdown Impact Report Act of 2023

Bill: 118-hr-5728
Sponsor: full_name: Rep. Perez, Marie Gluesenkamp [D-WA-3]
Introduced: 2023-09-26
Policy area: Economics and Public Finance
Latest action: action_date: 2023-09-26
text: Referred to the House Committee on Oversight and Accountability.

Summaries:
action_date: 2023-09-26
action_desc: Introduced in House
text: <p><b>Government Shutdown Impact Report Act of 2023</b></p> <p>This bill requires the Congressional Budget Office to submit daily reports to Congress when a government shutdown is in effect. </p> <p>The reports must include details regarding the costs and economic effects of the shutdown, including estimates of</p> <ul> <li>lost economic output,</li> <li>the decrease in gross domestic product for the quarter, </li> <li>assistance that the Small Business Administration was unable to provide,</li> <li>revenue that the National Park Service (NPS) lost due to the closure of NPS lands and historic sites, and</li> <li>revenue lost due to the effects on tourism and travel to and within the United States.</li> </ul>

tv_txt: I 118th CONGRESS 1st Session H. R. 5728 IN THE HOUSE OF REPRESENTATIVES September 26, 2023 Ms. Perez (for herself and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Oversight and Accountability A BILL To direct the Congressional Budget Office to submit daily reports during the period in which a Government shutdown is in effect on the effects of the shutdown on the economy and the costs of the shutdown to taxpayers, and for other purposes.

1. Short title This Act may be cited as the Government Shutdown Impact Report Act of 2023 . 2. Reports by Congressional Budget Office on economic costs and costs to taxpayers of government shutdown Not later than 24 hours after each day on which a Government shutdown is in effect, the Director of the Congressional Budget Office shall submit a report to Congress containing information on each of the following, based on the most recent information available to the Director: (1) An estimate of the economic output lost on that day as the result of the Government shutdown. (2) An estimate of any decrease in gross domestic product for the quarter that will occur as the result of the Government shutdown. (3) The value of any assistance, including loans, grants, and contracts, that the Small Business Administration was unable to provide as the result of the Government shutdown. (4) The amount of any revenue for the National Park Service that was lost on that day as the result of the closure of National Park Service lands and historic sites. (5) An estimate of revenue lost on that day because of the effects of the Government shutdown on tourism and travel to and within the United States, including travel by foreign tourists. 3. Determination of Government shutdown For purposes of this Act, a Government shutdown shall be considered to be in effect if there is a lapse in appropriations for any Federal agency or department as a result of a failure to enact a regular appropriations bill or continuing resolution.