Page:United States Statutes at Large Volume 124.djvu/38

 124 STAT. 12 PUBLIC LAW 111–139—FEB. 12, 2010 the Director of the Congressional Budget Office an estimate of the budgetary effects of PAYGO legislation. ‘‘(B) Estimates shall be prepared using baseline esti- mates supplied by the Congressional Budget Office, con- sistent with section 257 of the Balanced Budget and Emer- gency Deficit Control Act of 1985. ‘‘(C) The Director shall not count timing shifts, as that term is defined at section 3(8) of the Statutory Pay- As-You-Go Act of 2010, in estimates of the budgetary effects of PAYGO Legislation.’’. (B) SIDEHEADING.—The side heading of section 308(a) of the Congressional Budget Act of 1974 is amended by striking ‘‘Reports on’’. (2) GUIDELINES.—Section 308 of the Congressional Budget Act of 1974 is amended by adding at the end the following new subsection: ‘‘(d) Scorekeeping Guidelines.—Estimates under this section shall be provided in accordance with the scorekeeping guidelines determined under section 252(d)(5) of the Balanced Budget and Emergency Deficit Control Act of 1985.’’. (c) CURRENT POLICY ADJUSTMENTS FOR CERTAIN LEGISLATION.— (1) IN GENERAL.—For any provision of legislation that meets the criteria in subsection (c), (d), (e) or (f) of section 7, the Chairs of the Committees on the Budget of the House and Senate, as applicable, shall request that CBO adjust the esti- mate of budgetary effects of that legislation pursuant to para- graph (2) for the purposes of this title. A single piece of legisla- tion may contain provisions that meet criteria in more than one of the subsections referred to in the preceding sentence. CBO shall adjust estimates for legislation designated under subsection (a) and estimated under subsection (b). OMB shall adjust estimates for legislation estimated under subsection (d)(3). (2) ADJUSTMENTS.— (A) ESTIMATES.—CBO or OMB, as applicable, shall exclude from the estimate of budgetary effects any budg- etary effects of a provision that meets the criteria in sub- section (c), (d), (e) or (f) of section 7, to the extent that those budgetary effects, when combined with all other excluded budgetary effects of any other previously des- ignated provisions of enacted legislation under the same subsection of section 7, do not exceed the maximum applicable current policy adjustment defined under the applicable subsection of section 7 for the applicable 10- year period. (B) BASELINE.—Any estimate made pursuant to subparagraph (A) shall be prepared using baseline esti- mates supplied by the Congressional Budget Office, con- sistent with section 257 of the BBEDCA. CBO estimates of legislation adjusted for current policy shall include a separate presentation of costs excluded from the calculation of budgetary effects for the legislation, as well as an updated total of all excluded costs of provisions within subsection (c), (d), or (e) of section 7, as applicable, and in the case of paragraph (1) of section 7(f), within any of the subparagraphs (A) through (L) of such paragraph, as applicable.