S. 1996 (112th): Pro-Growth Budgeting Act of 2011

Introduced:
Dec 15, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Kelly Ayotte
Junior Senator from New Hampshire
Party
Republican
Text
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Last Updated
Dec 15, 2011
Length
4 pages
Related Bills
S. 184 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 30, 2013

H.R. 3582 (identical)

Passed House
Last Action: Feb 02, 2012

 
Status

This bill was introduced on December 15, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 15, 2011
Referred to Committee Dec 15, 2011
 
Full Title

A bill to amend the Congressional Budget Act of 1974 to provide for macroeconomic analysis of the impact of legislation.

Summary

No summaries available.

Cosponsors
2 cosponsors (2R) (show)
Committees

Senate Budget

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


12/15/2011--Introduced.
Pro-Growth Budgeting Act of 2011 - Amends the Congressional Budget Act of 1974 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 costs of such legislation for:
(1) the period for which the cost estimate is prepared, and
(2) the 10-fiscal year period beginning with the first fiscal year after the last fiscal year for which such estimate was prepared and each of the 2 next 10-fiscal year periods.
Defines "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.
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, 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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