H.R.4959 - Pro-Growth Budgeting Act116th Congress (2019-2020) |
|Sponsor:||Rep. Hern, Kevin [R-OK-1] (Introduced 10/31/2019)|
|Committees:||House - Rules; Budget|
|Latest Action:||House - 10/31/2019 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. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.4959 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (10/31/2019)
Pro-Growth Budgeting Act
This bill requires the Congressional Budget Office and the Joint Committee on Taxation to incorporate a macroeconomic impact analysis in their cost estimates for major legislation.
The macroeconomic impact analysis (commonly referred to as dynamic scoring) must include the budgetary effects of changes in economic output, employment, capital stock, and other macroeconomic variables resulting from the legislation.