A bill to amend section 403 of the Congressional Budget Act of 1974 to require cost estimates of proposed legislation covering a 5-year period and to include costs to be incurred by nongovernmental entities.
Economic Impact Statement Act - Provides, under the Congressional Budget Act of 1974, that the requirement that the Director of the Congressional Budget Office include a cost estimate for each reported public bill and resolution be modified to require that such estimate of costs be those which would be incurred by the Federal government, by State and local governments and by nongovernmental entities.
Introduced in Senate
Referred to Senate Committee on Government Operations.
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