A joint resolution clarifying the implementation of section 403(1) of the Congressional Budget Act of 1974; to require estimation of costs incurred by State and local governments as a result of proposed legislation.

[AI summary unavailable — showing source text] Requires that estimates be made of the costs that would be incurred by State and local governments in carrying out a proposed bill or resolution in the fiscal year in which it is to become effective and in each of the four fiscal years following such fiscal year.…