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HR 8775 117th Congress House Economics and Public Finance Budget deficits and national debt Budget process

BASIC Act

Introduced: September 6, 2022 Introduced by: Meuser, Daniel Republican · Pennsylvania See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 6, 2022
Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 6, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Budgetary Accuracy in Scoring Interest Costs Act of 2022 or the BASIC Act

This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

What's happening now September 6, 2022

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2