H.R.7210 - Budget Transparency Act116th Congress (2019-2020) |
Text: H.R.7210 — 116th Congress (2019-2020)All Information (Except Text)
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Introduced in House (06/15/2020)
[Congressional Bills 116th Congress] [From the U.S. Government Publishing Office] [H.R. 7210 Introduced in House (IH)] <DOC> 116th CONGRESS 2d Session H. R. 7210 To amend section 1106 of title 31, United States Code, to require the President to submit to Congress additional updated economic projections before July 16 of each year. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 15, 2020 Mr. Harder of California introduced the following bill; which was referred to the Committee on the Budget _______________________________________________________________________ A BILL To amend section 1106 of title 31, United States Code, to require the President to submit to Congress additional updated economic projections before July 16 of each year. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Budget Transparency Act''. SEC. 2. SUBMISSION OF ADDITIONAL UPDATED ECONOMIC PROJECTIONS. Section 1106(a)(1) of title 31, United States Code, is amended by striking ``and'' at the end of subparagraph (C), by inserting ``and'' at the end of subparagraph (D), and by inserting after subparagraph (D) the following: ``(E) updated economic projections, including projections for the Federal budget deficit, unemployment rate, changes to the gross domestic product (GDP), the consumer price index (CPI), and interest rates, and a justification for any differences in such economic projections of the Office of Management and Budget and the Congressional Budget Office;''. <all>