Budget Transparency Act

I 116TH CONGRESS 2D SESSION H. R. 7210 To amend section 1106 of title 31, United States Code, to require the President to submit to Congress additional updated economic projections before July 16 of each year. IN THE HOUSE OF REPRESENTATIVES JUNE 15, 2020 Mr. HARDER of California introduced the following bill; which was referred to the Committee on the Budget A BILL To amend section 1106 of title 31, United States Code, to require the President to submit to Congress additional updated economic projections before July 16 of each year. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Budget Transparency 4 Act’’. 5 VerDate Sep 11 2014 01:15 Jun 29, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7210.IH H7210 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 7210 IH SEC. 2. SUBMISSION OF ADDITIONAL UPDATED ECONOMIC 1 PROJECTIONS. 2 Section 1106(a)(1) of title 31, United States Code, 3 is amended by striking ‘‘and’’ at the end of subparagraph 4 (C), by inserting ‘‘and’’ at the end of subparagraph (D), 5 and by inserting after subparagraph (D) the following: 6 ‘‘(E) updated economic projections, includ- 7 ing projections for the Federal budget deficit, 8 unemployment rate, changes to the gross do- 9 mestic product (GDP), the consumer price 10 index (CPI), and interest rates, and a justifica- 11 tion for any differences in such economic pro- 12 jections of the Office of Management and 13 Budget and the Congressional Budget Office;’’. 14 Æ VerDate Sep 11 2014 01:15 Jun 29, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H7210.IH H7210 pbinns on DSKJLVW7X2PROD with BILLS