H.R. 1874: Pro-Growth Budgeting Act of 2014

Introduced:
May 08, 2013
Status:
Passed House
Prognosis
40% chance of being enacted
Track this bill
Sponsor
Tom Price
Representative for Georgia's 6th congressional district
Party
Republican
Text
Read Text »
Last Updated
Apr 07, 2014
Length
5 pages
Related Bills
H.R. 3582 (112th) was a previous version of this bill.

Passed House
Last Action: Feb 02, 2012

H.Res. 539 (rule)

Agreed To (Simple Resolution)
Apr 04, 2014

 
Status

This bill passed in the House on April 4, 2014 and goes to the Senate next for consideration.

Progress
Introduced May 08, 2013
Referred to Committee May 08, 2013
Reported by Committee Jun 19, 2013
Passed House Apr 04, 2014
Passed Senate ...
Signed by the President ...
Prognosis

40% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Full Title

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

Summary

No summaries available.

Votes
Apr 04, 2014 1:41 p.m.
Passed 224/182

Cosponsors
49 cosponsors (49R) (show)
Committees

House Rules

House Budget

Senate Budget

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives 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.


4/4/2014--Passed House amended.
Pro-Growth Budgeting Act of 2014 - Amends 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.
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, interest rates, 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.
Requires the analysis (or a technical appendix to it) to specify the economic and econometric models used, sources of data, relevant data transformations, as well as any explanation necessary to make the models comprehensible to academic and public policy analysts.
Requires the CBO, five fiscal years after the enactment of any major bill or joint resolution for which it prepared a macroeconomic impact analysis, to report to the congressional budget committees on the accuracy of the original analysis.

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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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