S. 2335 — 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.

Summary

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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1994-07-28
Introduced in Senate
1994-07-28
Sponsor introductory remarks on measure. (CR S10057-10058)
1994-07-28
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.

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.

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