HR 362 118th Congress House Economics and Public Finance Budget deficits and national debt Budget process

BASIC Act

Introduced: January 13, 2023 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

Jan 13, 2023

Introduced in House

Jan 13, 2023

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.

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Plain-English summary Congressional Research Service

Budgetary Accuracy in Scoring Interest Costs Act of 2023 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 January 13, 2023

Related & companion bills 1

Bill text 1 version