Pro-Growth Budgeting Act of 2014

Fact Sheet API

Bill Number

HR 1874

Introduced

May 8, 2013

Latest Action

Received in the Senate and Read twice and referred to the Committee on the Budget.

Sponsor

Cosponsors

Topics

Budget process Congressional oversight Economic performance and conditions Economic theory Economics and Public Finance Government studies and investigations Legislative rules and procedure

Full Text

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Votes

Summary

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.

Actions

Apr 7, 2014

Received in the Senate and Read twice and referred to the Committee on the Budget.
Apr 4, 2014

Motion to reconsider laid on the table Agreed to without objection.
Apr 4, 2014

On passage Passed by recorded vote: 224 - 182 (Roll no. 164).
Apr 4, 2014

Passed/agreed to in House: On passage Passed by recorded vote: 224 - 182 (Roll no. 164).
Apr 4, 2014

On motion to recommit with instructions Failed by recorded vote: 187 - 218 (Roll no. 163).
Apr 4, 2014

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2944)
Apr 4, 2014

Floor summary: DEBATE - The House proceeeded with 10 minutes of debate on the Kuster motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to require any dynamic score under the bill to include impacts on job creation and economic growth of any investment in education, transportation and infrastructure. It also allows appropriations bills to benefit from dynamic scoring under the bill.
Apr 4, 2014

Ms. Kuster moved to recommit with instructions to the Committee on the Budget. (consideration: CR H2943-2944; text: CR H2943)
Apr 4, 2014

The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of committee amendment: CR H2935-2936)
Apr 4, 2014

The previous question was ordered pursuant to the rule. (consideration: CR H2943)
Apr 4, 2014

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1874.
Apr 4, 2014

UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
Apr 4, 2014

POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee (TX) amendment No. 5, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Jackson Lee (TX) demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Apr 4, 2014

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Jackson Lee (TX) Part B amendment No. 5.
Apr 4, 2014

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Bishop (NY) Part B amendment No. 4.
Apr 4, 2014

POSTPONED PROCEEDINGS - At the conclusion of debate on the Cicilline amendment No. 3, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Cicilline demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Apr 4, 2014

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Cicilline Part B amendment No. 3.
Apr 4, 2014

POSTPONED PROCEEDINGS - At the conclusion of debate on the Israel amendment No. 2, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Israel demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Apr 4, 2014

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Israel Part B amendment No. 2.
Apr 4, 2014

POSTPONED PROCEEDINGS - At the conclusion of debate on the Connolly amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Connolly demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
Apr 4, 2014

DEBATE - Pursuant to the provisions of H. Res. 539, the Committee of the Whole proceeded with 10 minutes of debate on the Connolly Part B amendment No. 1.
Apr 4, 2014

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1874.
Apr 4, 2014

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 539 and Rule XVIII.
Apr 4, 2014

The Speaker designated the Honorable Doug Collins to act as Chairman of the Committee.
Apr 4, 2014

The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
Apr 4, 2014

Considered under the provisions of rule H. Res. 539. (consideration: CR H2927-2945)
Apr 3, 2014

Rules Committee Resolution H. Res. 539 Reported to House. The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
Jul 19, 2013

Placed on the Union Calendar, Calendar No. 116.
Jul 19, 2013

Committee on Rules discharged.
Jul 19, 2013

Reported (Amended) by the Committee on Budget. H. Rept. 113-161, Part I.
Jun 19, 2013

Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
Jun 19, 2013

Committee Consideration and Mark-up Session Held.
May 8, 2013

Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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.
May 8, 2013

Introduced in House

Amendments

Related Bills