HOUSE BUDGET COMMITTEE UNANIMOUSLY ADVANCES TWO BILLS TO IMPROVE BUDGET PROCESS

WASHINGTON, Sept. 16 -- The House Budget Committee issued the following press release:

WASHINGTON, D.C. - Today, the House Budget Committee unanimously voted to advance H.R. 6470, the Increasing Baseline Updates Act and H.R. 4464, the Preventive Health Savings Act. Both pieces of legislation improve the data the Congressional Budget Office (CBO) is required to provide Congress, giving lawmakers more frequent and longer-term budget projections to better understand the fiscal impact of public policy.

During the markup, House Budget Chairman Jodey Arrington (R-Texas) delivered the following remarks:

[Today's Committee Markup is] aimed at addressing what I refer to as a broken budget process, realign incentives for the right behavior and out...