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H.R. 1874: Pro-Growth Budgeting Act of 2014

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H.R. 1874: Pro-Growth Budgeting Act of 2014

113th Congress · introduced 2013-05-08 · Economics and Public Finance · Latest: Received in the Senate and Read twice and referred to the Committee on the Budget.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-05-08 · official record
  2. Who proposed it: Rep. Price, Tom [R-GA-6] · what a sponsor is
  3. What happened next: 6 recorded votes in our records. Latest: House roll call 159 (2014): On Agreeing to the Amendment, HR1874 (2014-04-04), Failed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on the Budget. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Pro-Growth Budgeting Act of 2014

Plain summary

Pro-Growth Budgeting Act of 2014 - Amends the Congressional Budget Act of 1974 (CBA) to require the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee (except the congressional appropriations committees), as a supplement to CBO cost estimates, a macroeconomic impact analysis of the budgetary effects of such legislation for the 10-fiscal year period beginning with the first fiscal year for which such estimate was prepared and each of the next three 10-fiscal year periods. Defines "major bill or resolution" as any bill or resolution whose budgetary effects, for any fiscal year in the period for which a CBO cost estimate is prepared, is estimated to be greater than .25% of the current projected U.S. gross domestic product (GDP) for that fiscal year. Requires the analysis to describe: (1) the potential economic impact of the bill or resolution on major economic variables, including real GDP, business investment, the capital stock, employment, interest rates, and labor supply; and (2) the potential fiscal effects of the measure, including any estimates of revenue increases or decreases resulting from changes in GDP. Requires the analysis (or a technical appendix to it) to specify the economic and econometric models used, sources of data, relevant data transformations, as well as any explanation necessary to make the models comprehensible to academic and public policy analysts. Requires the CBO, five fiscal years after the enactment of any major bill or joint resolution for which it prepared a macroeconomic impact analysis, to report to the congressional budget committees on the accuracy of the original analysis.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Pro-Growth Budgeting Act of 2014

Source: Congressional Research Service summary (Passed House amended)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Price, Tom [R-GA-6] · 49 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Tom Cotton (R-AR), Paul A. Gosar (R-AZ), Steve Scalise (R-LA), Austin Scott (R-GA), Joe Wilson (R-SC), Jim Jordan (R-OH), Andy Barr (R-KY), Tom McClintock (R-CA), Bill Huizenga (R-MI), Todd Young (R-IN)

Recorded votes

Words on this page, explained (6)
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
CBO cost estimate
The Congressional Budget Office's estimate of how a federal bill would change government spending and revenue. CBO is nonpartisan.
Fiscal year
The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
Joint resolution
In Texas, the type of measure the Legislature uses to propose a constitutional amendment (marked HJR or SJR). The governor does not sign or veto it; the voters decide. In Congress a joint resolution can also be used like a bill. In Florida, a joint resolution passed by three-fifths of the members of each chamber puts a constitutional amendment on the ballot.
Resolution
A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr1874 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113