Honest Scoring Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 17, 2015)
The Honest Scoring Act of 2015
This bill requires the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to provide estimates of the macroeconomic effects of major legislation. These estimates are frequently referred to as dynamic scoring and include estimates of the budgetary effects from changes in economic output, employment, capital stock, interest rates, and other macroeconomic variables resulting from the legislation.
The CBO and the JCT must provide the estimates for legislation that has a budgetary effect exceeding $15 billion in any fiscal year before incorporating macroeconomic effects, or is designated as major legislation by either the Chairman of the House Budget Committee or the Chairman of the Senate Budget Committee. The CBO and the JCT must also continue to provide estimates of budgetary effects without macroeconomic effects.
What just happenedMar 17, 2015
Read twice and referred to the Committee on the Budget.
Who’s behind it
- Introduced in SenateMar 17, 2015
- Mar 17, 2015IntroReferral
Read twice and referred to the Committee on the Budget.
Budget Committee - Mar 17, 2015IntroReferral10000
Introduced in Senate