A bill to amend title 31, United States Code, to require the President to submit with his budget an analysis of its impact on international competitiveness of U.S. business and the balance of payments position, and to amend the Congressional Budget Act of 1974 to require that a similar analysis be included in the report of the Committee on the Budget of each House of Congress which accompanies each concurrent resolution on the budget.

[AI summary unavailable — showing source text] Requires the President to include in the annual Federal budget submitted to the Congress an analysis by the Council of Economic Advisers of the budget's impact on the international competitiveness of U.S. business and the U.S. balance of payments position, including projections for Government borrowing, domestic savings, private domestic investment, the merchandise trade and current accounts, and foreign indebtedness. Amends the Congressional Budget Act of 1974 to require that a similar analysis by the Congressional Budget Office be included in the report of the Committee on the Budget of each House of Congress which accompanies each concurrent resolution on the budget.…