No Bias in the Baseline Act

TL;DR (AI)

• The bill updates the federal budget baseline calculation to project current budget authority, outlays, revenues, and surpluses or deficits based on existing laws and current discretionary appropriations levels.
• Emergency requirements and supplemental appropriation laws are excluded from the baseline projections under this act.
• Inflation or other adjustments are prohibited when calculating the baseline, and conforming amendments are made to the Congressional Budget Act of 1974 and the Social Security Act.