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H.R. 638: Cost Estimates Improvement Act

The text of the bill below is as of Jan 17, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 638

IN THE HOUSE OF REPRESENTATIVES

January 17, 2019

(for himself, Mr. Brooks of Alabama, Mr. DesJarlais, Mr. Yoho, Mr. Posey, Mr. Wright, Mr. Walker, Mr. Perry, Mr. Meadows, Mr. Gohmert, Mr. Mooney of West Virginia, Mr. Budd, Mr. Buck, and Mr. Norman) introduced the following bill; which was referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Congressional Budget Act of 1974 to provide that any estimate prepared by the Congressional Budget Office or the Joint Committee on Taxation shall include costs relating to servicing the public debt, and for other purposes.

1.

Short title

This Act may be cited as the Cost Estimates Improvement Act.

2.

CBO and JCT estimates to include debt servicing costs

(a)

In general

The Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is amended by inserting after section 406 the following:

407.

Estimates to include debt servicing costs and a list of duplicative activities

(a)

Cost of debt service

Any estimate prepared by the Director of the Congressional Budget Office under section 402, and any estimate prepared by the Joint Committee on Taxation, shall include, to the extent practicable, the costs (if any) of servicing the public debt.

(b)

List of duplicative activities

Any estimate prepared by the Director of the Congressional Budget Office or the Joint Committee on Taxation shall include a list of any Federal agencies, programs, and initiatives with fragmented, overlapping, or duplicative goals or activities covered by the legislation.

.

(b)

Clerical amendment

The table of contents of such Act is amended by inserting after the item relating to section 402 the following:

407. Estimates to include debt servicing costs and a list of duplicative activities.

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