HR 2842 · 109th Congress 2005–2007, ended

To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

Introduced Jun 9, 2005 Originated House Sponsor Jeff Flake R-AZ

Latest action · Jun 9, 2005 Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, 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.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJun 9, 2005
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Expresses the sense of Congress that it is necessary to ensure that Congress is presented with reliable information from the Congressional Budget Office (CBO) and the Joint Committee on Taxation as to the dynamic macroeconomic feedback effects to changes in federal law and the probable behavioral responses of taxpayers, businesses, and other parties to such changes.

Requires the Joint Committee and CBO to prepare fiscal estimates of each proposed change in federal revenue law on the basis of assumptions that estimate the probable behavioral responses of personal and business taxpayers and other relevant entities to such change and its dynamic macroeconomic feedback effects. Applies such requirement only to proposed changes that, pursuant to static fiscal estimates, have a fiscal impact exceeding $250 million in any fiscal year.

Cosponsors 48

Members who signed on, in the order they did. Signatures ran from Jun 9, 2005 to Sep 27, 2006; 26 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-WY	Barbara Cubin	Original	Jun 9, 2005
R-CA	David Dreier	Original	Jun 9, 2005
R-SC	J. Gresham Barrett	Original	Jun 9, 2005
R-TX	Jeb Hensarling	Original	Jun 9, 2005
R-FL	Jeff Miller	Original	Jun 9, 2005
R-KS	Jim Ryun	Original	Jun 9, 2005
R-SC	Joe Wilson	Original	Jun 9, 2005
R-AZ	John B. Shadegg	Original	Jun 9, 2005
R-IN	John N. Hostettler	Original	Jun 9, 2005
R-TX	K. Michael Conaway	Original	Jun 9, 2005
R-CO	Marilyn N. Musgrave	Original	Jun 9, 2005
R-IN	Mike Pence	Original	Jun 9, 2005
R-NC	Patrick T. McHenry	Original	Jun 9, 2005
R-TX	Pete Sessions	Original	Jun 9, 2005
R-GA	Phil Gingrey	Original	Jun 9, 2005
R-TX	Randy Neugebauer	Original	Jun 9, 2005
R-AL	Robert B. Aderholt	Original	Jun 9, 2005
R-MD	Roscoe G. Bartlett	Original	Jun 9, 2005
R-TX	Sam Johnson	Original	Jun 9, 2005
R-NJ	Scott Garrett	Original	Jun 9, 2005
R-IA	Steve King	Original	Jun 9, 2005
R-NC	Sue Wilkins Myrick	Original	Jun 9, 2005
R-FL	Tom Feeney	Original	Jun 9, 2005
R-AZ	Trent Franks	Original	Jun 9, 2005
R-MO	W. Todd Akin	Original	Jun 9, 2005
R-CA	Wally Herger	Original	Jun 9, 2005
R-TX	John Abney Culberson		Jun 14, 2005
R-CA	Darrell Issa		Jun 29, 2005
R-SC	Bob Inglis		Jul 18, 2005
R-PA	Phil English		Jul 20, 2005
R-MN	Mark R. Kennedy		Jul 26, 2005
R-TX	Kenny Marchant		Sep 14, 2005
R-FL	Dave Weldon		Oct 19, 2005
R-FL	Adam H. Putnam		Mar 8, 2006
R-CA	John Campbell		Mar 8, 2006
R-MS	Roger F. Wicker		Mar 8, 2006
R-NH	Jeb Bradley		Apr 25, 2006
R-WI	F. James Sensenbrenner, Jr.		Jul 27, 2006
R-CA	George Radanovich		Jul 27, 2006
R-PA	Joseph R. Pitts		Jul 27, 2006
R-IN	Mark E. Souder		Jul 27, 2006
R-UT	Rob Bishop		Jul 27, 2006
R-KS	Todd Tiahrt		Jul 27, 2006
R-NY	Vito Fossella		Jul 27, 2006
R-FL	Connie Mack		Jul 28, 2006
R-TN	Marsha Blackburn		Jul 28, 2006
R-PA	Tim Murphy		Jul 28, 2006
R-IL	Mark Kirk		Sep 27, 2006

Committees 3

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Budget Committee	Referred Jun 9, 2005
House	Rules Committee	Referred Jun 9, 2005
House	Ways and Means Committee	Referred Jun 9, 2005

Actions 2

Everything that happened, newest first.

Jun 9, 2005Introduced in House
Jun 9, 2005Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, 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.

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 287	A bill to require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.	Identical bill	Feb 3, 2005

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To require the Congressional Budget Office and the Joint Committee on Taxation to use dynamic economic modeling in addition to static economic modeling in the preparation of budgetary estimates of proposed changes in Federal revenue law.

Subjects

Assigned by the Library of Congress. Policy area: Economics and Public Finance.

Text 1

Each version as it was printed, newest first.

Jun 9, 2005Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.