Budgetary effects are determined by reference to the PAYGO statement in the Congressional Record
What the document says“The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.”
For the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, the budgetary effects of the Act are to be determined by reference to the latest statement titled 'Budgetary Effects of PAYGO Legislation' for the Act. That statement is submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, and the reference holds provided the statement was submitted before the vote on passage.
What the document actually says“The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled ``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.”
The cost of this law is counted from one written note. The head of a Senate panel sends it in. It must be sent in before the vote.
PAYGO is a rule that new laws must pay for their own cost. A note like this one is used to keep track. Most laws carry this same part.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.