review of economic report as part of congressional budget process

review of economic report as part of congressional budget process Sec. 303. (a) Section 301(c) of the Congressional Budget Act of 1974 is amended— (1) by inserting after the first sentence the following new sentences: “Each of the recommendations as to short-term and medium-term goals set forth in the report submitted by the members of the Joint Economic Committee under subsection (c) may be considered by the Committee on the Budget of each House as part of its consideration of such concurrent resolution, and its report may reflect its views thereon, and on how the estimates of revenues and levels of budget authority and outlays set forth in such concurrent resolution are designed to achieve any goals it is recommending.”; and (2) by inserting “also” after “shall” in the last sentence. (b) Section 305(a) of such Act is amended— (1) by inserting before the period at the end of the first sentence of paragraph (2) a comma and “plus such additional hours of debate as are consumed pursuant to paragraph (3)”; (2) by redesignating paragraphs (3) through (6) as paragraphs (6) through (9) respectively; and (3) by inserting after paragraph (2) the following new paragraphs: “(3) Following the presentation of opening statements on the first concurrent resolution on the budget for a fiscal year by the chairman and ranking minority member of the Committee on the Budget of the House, there shall be a period of up to four hours for debate on economic goals and policies. “(4) Only if a concurrent resolution on the budget reported by the Committee on the Budget of the House sets forth the economic goals (as described in sections 3(a)(2) and 4(b) of the Full Employment Act of 1946) which the estimates, amounts, and levels (as described in section 301(a)) set forth in such resolution are designed to achieve, 92 STAT. 1906shall it be in order to offer to such resolution an amendment relating to such goals, and such amendment shall be in order only if it also proposes to alter such estimates, amounts, and levels in germane fashion in order to be consistent with the goals proposed in such amendment.”. (c) Section 305(b) of such Act is amended— (1) by redesignating paragraphs (3) and (4) as paragraphs (6) and (7), respectively; and (2) by inserting after paragraph (2) the following new paragraphs: “(3) Following the presentation of opening statements on the first concurrent resolution on the budget for a fiscal year by the chairman and ranking minority member of the Committee on the Budget of the Senate, there shall be a period of up to four hours for debate on economic goals and policies. “(4) Only if a concurrent resolution on the budget reported by the Committee on the Budget of the Senate sets forth the economic goals (as described in sections 3(a)(2) and 4(b) of the Employment Act of 1946), which the estimates, amounts, and levels (as described in section 301 (a)) set forth in such resolution are designed to achieve, shall it be in order to offer to such resolution an amendment relating to such goals, and such amendment shall be in order only if it also proposes to alter such estimates, amounts, and levels in germane fashion in order to be consistent with the goals proposed in such amendment.”.