BASIC Act

Summary

Official

Budgetary Accuracy in Scoring Interest Costs Act of 2019 or the BASIC Act This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(7/25/19)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Meuser

House (R) Pennsylvania – 9

Cosponsors (4)

Case

House (D) Hawaii

Womack

House (R) Arkansas

Hern

House (R) Oklahoma

Roy

House (R) Texas

Latest Action

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jul 25, 2019