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United States · Bill · S

S. 2371 (113th)

Accurate Budgeting Act

referredUnited States· United States Congress· EN

Introduced

21 May 2014

Last action

21 May 2014 · Introduced

Status

Read twice and referred to the Committee on the Budget.

Sponsors

Sen. Portman, Rob [R-OH], Sen. Graham, Lindsey [R-SC], Sen. Kirk, Mark Steven [R-IL], Sen. Chambliss, Saxby [R-GA], Sen. Flake, Jeff [R-AZ], Sen. Blunt, Roy [R-MO], Sen. Johanns, Mike [R-NE], Sen. Inhofe, James M. [R-OK], Sen. Crapo, Mike [R-ID], Sen. Rubio, Marco [R-FL], Sen. Barrasso, John [R-WY], Sen. Thune, John [R-SD], Sen. Scott, Tim [R-SC], Sen. Vitter, David [R-LA], Sen. Ayotte, Kelly [R-NH], Sen. Lee, Mike [R-UT], Sen. Burr, Richard [R-NC], Sen. Fischer, Deb [R-NE], Sen. Isakson, Johnny [R-GA]

Subjects

Taxation, Budget

Source updated

12 August 2025

Taxation · Budget

Summary

Accurate Budgeting Act - Amends the Congressional Budget Act of 1974 to require the Joint Committee on Taxation to prepare for each major revenue bill or resolution, reported by specified congressional tax committees or considered on the floor of either chamber, as a supplement to Congressional Budget Office (CBO) cost estimates, a macroeconomic impact analysis of the budgetary effects of the legislation for: (1) the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared, and (2) each of the next three 10-fiscal year periods. Defines "major revenue bill or resolution" as a bill, resolution, or conference report for which either: the sum of the positive changes in revenues resulting from such measure (not including the impact of any timing shifts for the due date for estimated corporate income tax payments) for any fiscal year in the period for which a CBO cost estimate is prepared, or the absolute value of the sum of the negative changes in revenues resulting from such measure, is greater than 0.25% of the current projected U.S. gross domestic product (GDP) for that fiscal year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 May 2014

    Introduced

    Read twice and referred to the Committee on the Budget.

    Source: IntroReferral

  2. 21 May 2014

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 21 May 2014

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 21 May 2014

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 21 May 2014

    Open at official source

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Sponsors

Related records

Sources

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