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A bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 to require that OMB and CBO estimates for paygo purposes to recognize the increased revenues generated by economic growth resulting from legislation implementing any trade agreement.

Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.

Official summary

Version 00 · Introduced in Senate · Jul 28, 1994

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require pay-as-you-go estimates with respect to legislation implementing a trade agreement to take into account increased revenues generated by growth in the gross domestic product resulting from such legislation to offset any loss in tariff revenues due to that legislation, subject to the condition that such increased revenues shall not be used as offsets beyond the total of lost revenues due to that legislation.

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Who introduced it

Sen. Brown, Hank [R-CO] · R–CO

Committees

  • Homeland Security and Governmental Affairs Committee
  • Budget Committee
2 cosponsorship records, including any withdrawals

Actions

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  1. Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.

  2. Sponsor introductory remarks on measure. (CR S10057-10058)

  3. Introduced in Senate

Bill text & related measures

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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: Jan 14, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze S.2335 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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