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U.S. Code as of:
01/3/05
Section 653. Analysis by Congressional Budget Office
The Director of the Congressional Budget Office shall, to the
extent practicable, prepare for each bill or resolution of a public
character reported by any committee of the House of Representatives
or the Senate (except the Committee on Appropriations of each
House), and submit to such committee -
(1) an estimate of the costs which would be incurred in
carrying out such bill or resolution in the fiscal year in which
it is to become effective and in each of the 4 fiscal years
following such fiscal year, together with the basis for each such
estimate;
(2) a comparison of the estimates of costs described in
paragraph (1) with any available estimates of costs made by such
committee or by any Federal agency; and
(3) a description of each method for establishing a Federal
financial commitment contained in such bill or resolution.
The estimates, comparison, and description so submitted shall be
included in the report accompanying such bill or resolution if
timely submitted to such committee before such report is filed.
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