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Letter to the Honorable Paul Ryan on the feasibility of CBO undertaking the analyses that would be required by the amendments to H.R. 1874, the Pro-Growth Budgeting Act of 2013 1 (April 3, 2014)

handle is hein.congrec/cbo1531 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 April 3, 2014 Honorable Paul Ryan Chairman Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Mr. Chairman: You asked us to address the feasibility of having the Congressional Budget Office (CBO) undertake the analyses that would be required by the amendments to H.R. 1874, the Pro-Growth Budgeting Act of 2013, that are currently being considered.' H.R. 1874 would require CBO to prepare, to the extent practicable, a macroeconomic impact analysis of the budgetary effects of major legislation-defined by the bill as legislation with expected budgetary effects greater than one-quarter of one percent of the currently projected gross domestic product of the United States in any fiscal year for the period covered by cost estimates prepared by the agency. (That period generally extends for 10 years.) Many of the proposed amendments to H.R. 1874 would broaden the types of potential effects that CBO would be required to analyze. For a number of reasons, CBO would not be able to perform the analyses envisioned by that set of amendments: We do not have the analytical capabilities or the level of staffing that would be needed to undertake and complete the tasks that would be assigned to us, nor would the usual timetable for considering legislation allow the time that would be required to complete such analyses, even if we did not face those analytical and staffing constraints. In particular, CBO does not have the data or models that would be required to prepare the types of analyses of various effects of proposed legislation that are contemplated in the set of amendments; in some cases, we are not aware of the existence of the data or models that would be required to 1. http:iirules.house.govibilli113/hr-1874

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