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Accurate Budgeting Act

Read twice and referred to the Committee on the Budget.

Official summary

Version 00 · Introduced in Senate · Jan 21, 2015

Accurate Budgeting Act

This bill amends the Congressional Budget Act of 1974 to require the Joint Committee on Taxation (JCT) to prepare a macroeconomic impact analysis for major revenue legislation. The estimates are required for revenue legislation considered on the floor of the House or Senate or reported by the House Ways and Means Committee or the Senate Finance Committee.

The macroeconomic impact analysis, commonly referred to as dynamic scoring, includes:

the changes in economic output, employment, interest rates, capital stock, and tax revenues expected to result from the proposal;

revenue feedback (changes in revenue resulting from changes in economic growth as a result of the proposal); and

the assumptions and data used for the estimate.

The bill requires JCT to prepare the analysis as a supplement to the revenue estimates currently required by the Congressional Budget Act of 1974.

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Who introduced it

Sen. Portman, Rob [R-OH] · R–OH

Committees

  • Budget Committee
16 cosponsorship records, including any withdrawals

Actions

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  1. Read twice and referred to the Committee on the Budget.

  2. Introduced in Senate

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.

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