Economic Impact Act

[AI summary unavailable — showing source text] Economic Impact Act - Requires the Director of the Congressional Budget Office to prepare an economic impact statement for each bill or joint resolution reported in the Senate or the House of Representatives, each amendment proposed on the floor of Congress, and each rule or regulation proposed by any Federal agency. Provides that such a statement shall cover the fiscal year in which the bill or rule is proposed and each of the five following fiscal years, or the authorized duration of the bill's provisions, and shall analyze specified economic and social factors. Directs Federal agencies to provide all necessary assistance to the Director in carrying out his duties under this Act.…