Sec. 602. Reporting on interest effects and budgetary effects
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Section 402 of the Congressional Budget Act of 1974 ( 2 U.S.C. 653 ) is amended— in the matter preceding paragraph (1)— by inserting
(a)before The Director ; and by striking except the Committee on Appropriations of each House and inserting except that, for the Committee on Appropriations of each House, the Director shall prepare a report only with respect to a supplemental appropriation bill (which shall include an estimate of the interest effects of the bill) ; in paragraph (1)— by striking 4 and inserting 9 ; and by inserting before the semicolon at the end the following: , which shall include, and appear as supplemental information in the estimate, year-by-year estimates of the cost of servicing the debt produced as a result of carrying out such bill or resolution ; in the undesignated matter following subsection (a)(3), as so designated, by inserting
(b)before The estimates ; and by adding at the end the following: The Director of the Congressional Budget Office shall, to the extent practicable, prepare for each bill or resolution of a public character reported by the Committee on Appropriations of each House and submit to such committee— an estimate of the costs that would be incurred in carrying out such bill or resolution in the fiscal year in which the bill or resolution is to become effective; an estimate of the costs for any advance appropriations in the bill or resolution for the fiscal year in which the budget authority for those appropriations first becomes effective; and a year-by-year estimate for any provision of the bill or resolution that would have been estimated as affecting direct spending or receipts under section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 902 ) (as in effect prior to September 30, 2002) if the provision was included in legislation other than an appropriation Act. . This amendments made by this section shall apply to estimates made on or after the date of enactment of this Act.
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