Pro-Growth Budgeting Act of 2013
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| Full title | To amend the Congressional Budget Act of 1974 to provide for macroeconomic analysis of the impact of legislation. |
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| Introduced in | 113th United States Congress |
| Introduced on | May 8, 2013 |
| Sponsored by | Rep. Tom Price (R, GA-6) |
| Number of co-sponsors | 29 |
| Effects and codifications | |
| Act(s) affected | Congressional Budget Act of 1974 |
| Agencies affected | United States House of Representatives, Office of Management and Budget, Congressional Budget Office, United States Senate |
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The Pro-Growth Budgeting Act of 2013 (H.R. 1874) is a bill that would require the Congressional Budget Office to provide a macroeconomic impact analysis for bills that are estimated to have a large budgetary effect.
The bill was introduced into the United States House of Representatives during the 113th United States Congress. The Pro-Growth Budgeting Act of 2013 was introduced at the same time as the Baseline Reform Act of 2013 (H.R. 1871; 113th Congress) and the Budget and Accounting Transparency Act of 2014 (H.R. 1872; 113th Congress) as a package of budget reform bills.
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source.
The Pro-Growth Budgeting Act of 2013 would amend 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.
The bill would define "major bill or resolution" 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.
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