H. Con. Res. 71 (115th Congress)

Concurrent Resolution on the Budget for Fiscal Year 2018

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TITLE III—BUDGET ENFORCEMENT IN THE HOUSE OF REPRESENTATIVES

 Subtitle A—Budget Enforcement

sec. 305. estimates of debt service costs.

In the House of Representatives, the chair of the Committee on the Budget may direct the Congressional Budget Office to include, in any estimate prepared under section 402 of the Congressional Budget Act of 1974 with respect to any bill or joint resolution, an estimate of any change in debt service costs resulting from carrying out such bill or resolution. Any estimate of debt service costs provided under this section shall be advisory and shall not be used for purposes of enforcement of such Act, the Rules of the House of Representatives, or this concurrent resolution. This section shall not apply to authorizations of programs funded by discretionary spending or to appropriation bills or joint resolutions, but shall apply to changes in the authorization level of appropriated entitlements.

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House Budget Committee Report on Budget Resolution

(H. Rept. 115-240, Report on H. Con. Res. 71 (115th Congress))

Section 305. Estimates of Debt Service Costs.

Section 305 authorizes the Chair of the Committee on the Budget to direct CBO to include an estimate of any change in debt service costs (whether an increase or decrease) in its cost estimates for pending legislation. These estimates are advisory; they will not be used to determine whether a measure complies with the limits established in the budget resolution and other budget rules. This requirement is not intended to apply to authorizations of discretionary programs or to appropriation bills, but is intended to apply to changes in the authorization level of appropriated entitlements.

The Chair intends to request such estimates for measures with a significant budgetary impact that would have a noticeable effect on debt service costs.

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