Economic Impact Act of 1981

Summary

Economic Impact Act of 1981 - Amends the Congressional Budget Act of 1974 to require the Congressional Budget Office to prepare an economic impact statement for each bill or joint resolution reported in Congress, for each amendment proposed in either House, and for each rule proposed by any Federal agency. Requires such statement to contain the direct and indirect effects of such proposed law on employment, production, and inflation, and the costs to be incurred by the Government for the fiscal year in which it is proposed or reported and for each of the five fiscal years following. States that the effects referred to in this Act as they apply to agency rules shall include effects on State and local governments, major industrial sectors of the economy, the availability of consumer goods, low- and middle-income families, and small business. States that a statement on an agency rule shall be distributed as soon as possible but not later than 30 days before such rule is to become effective.

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Documents

1 official file

• Introduced in House

  summary · EN · 22 January 1981

  Open at official source

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