H.R. 4856 · 111th Congress
Forecast for the Future Act of 2010
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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DonnellySponsor41 cosponsors · 41 D
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Bishop
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Boyd
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Dahlkemper21 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Forecast for the Future Act of 2010 - Requires the President's budget to Congress to include a detailed, separate analysis and display, by budget function, agency, and program, of the net present value of future costs of each entitlement program for the fiscal year for which the budget is submitted and each of the four ensuing fiscal years.
What it does: CRS summary · Introduced in House · Mar 16, 2010
Forecast for the Future Act of 2010 - Requires the President's budget to Congress to include a detailed, separate analysis and display, by budget function, agency, and program, of the net present value of future costs of each entitlement program for the fiscal year for which the budget is submitted and each of the four ensuing fiscal years.
Amends the Congressional Budget Act of 1974 (CBA) to require concurrent budget resolutions to include, for display purposes only and for each entitlement program, the net present value of the future costs of the program over a 75-year time frame.
Directs the congressional budget committees to hold hearings in each Congress with a goal of developing a plan to restore the government to a sustainable long-term fiscal path.
Requires the Director of the Office of Management and Budget (OMB) to submit to the President and Congress a report listing: (1) the fiscal exposures of the government; and (2) the net present value of the future costs of the program over a 75-year time frame.
Amends the CBA to require the Director of the Congressional Budget Office (CBO) to submit a similar report to Congress.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Forecast for the Future Act of 2010
Latest action (Mar 16, 2010): Referred to House Rules
Policy area: Economics and Public Finance · Origin: House · Introduced: Mar 16, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.