Sec. 302. Reports to budget committees
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Section 202(e)(1) of the Congressional Budget Act of 1974 ( 2 U.S.C. 602(e)(1) ) is amended— by inserting
(A)after
(1); and by adding at the end the following: The Director shall include in each report submitted to the Committees on the Budget of the House of Representatives and the Senate under subparagraph
(A)the information described in clause
(ii)beginning on the earlier of— the first fiscal year that begins after the date of enactment of this subparagraph and after any monthly rate of unemployment during the immediately preceding fiscal year is below 6 percent; or fiscal year 2016. The Director shall include the following information for the fiscal year commencing on October 1 of the year in which the report is submitted and for each of the ensuing 4 fiscal years: The Congressional Budget Office baseline level of means-tested welfare spending. The aggregate level of means-tested welfare spending computed by taking the aggregate level of means-tested welfare spending for fiscal year 2007 and adjusting that for inflation according to the procedures specified in clause (iii). In preparing the information required to be included under this subparagraph— means-tested welfare spending relating to medical assistance programs shall be adjusted for inflation according to the price index for personal consumption expenditures for health products and services as calculated by the Bureau of Economic Analysis; and all other means-tested welfare spending shall be adjusted for inflation according to the weighted price index for personal consumption expenditures excluding health products and services as calculated by the Bureau of Economic Analysis. .
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Sec. 302
Reports to budget committees
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