2019 -- H 5225

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LC000754

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO THE GENERAL ASSEMBLY - HOUSE OFFICE OF ECONOMICS

     

     Introduced By: Representatives Marshall, Abney, Shekarchi, Shanley, and Costantino

     Date Introduced: January 30, 2019

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 22-6 of the General Laws entitled "Committees and Staff" is

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hereby amended by adding thereto the following section:

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     22-6-11.2. House office of economics.

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     (a) There is created, under the supervision of the joint committee on legislative services,

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an office of economics. It shall provide the house of representatives, in conjunction with the fiscal

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office, regular economic forecasts and trending reports concerning the economic impact of

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pending legislation and the budget. It shall promote state government financial stability and

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responsibility through sound economic guidance and forecasts.

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     (b) All departments, offices, boards, and agencies of the state shall cooperate with the

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office of economics and furnish it with such support, advice, information, documents and

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otherwise, data analysis and other assistance as may be necessary or desirable.

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     (c) In furtherance of its mission, the office of economics shall collaborate with and

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partner with the economics departments at all state colleges, for their counsel and expertise, the

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office shall provide legislative internships for state college economics majors to provide them

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hands-on experience of the relationship between such economics and responsible government.

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     SECTION 2. This act shall take effect upon passage.

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LC000754

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO THE GENERAL ASSEMBLY - HOUSE OFFICE OF ECONOMICS

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     This act would establish an office of economics to assist the house of representatives

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during its review of the financial impact of proposed legislation.

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     This act would take effect upon passage.

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LC000754

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