“ Current Policy Adjustments for Certain Legislation.— (1) In General.—For any provision of legislation that meets the criteria in subsection (c) , (d) , (e) or (f) of section 7, the Chairs of the Committees on the Budget of the House and Senate, as applicable, shall request that CBO adjust the estimate of budgetary effects of that legislation pursuant to paragraph (2) for the purposes of this title. A single piece of legislation may contain provisions that meet criteria in more than one of the subsections referred to in the preceding sentence. ”

“ The term ‘‘budgetary effects’’ means the amount by which PAYGO legislation changes outlays flowing from direct spending or revenues relative to the baseline and shall be determined on the basis of estimates prepared under section 4. Budgetary effects that increase outlays flowing from direct spending or decrease revenues are termed `costs' and budgetary effects that increase revenues or decrease outlays flowing from direct spending are termed `savings'. Budgetary effects shall not include any costs associated with debt service. ”

“ The OMB estimate shall be based on the approaches to scorekeeping set forth in section 308 of the Congressional Budget Act of 1974, as amended by this title, and subsection (g) (4) , and shall use the same economic and technical assumptions as used in the most recent budget submitted by the President under section 1105 (a) of title 31 of the United States Code. (4) 5-year Scorecards.—The first scorecard shall display the budgetary effects of PAYGO legislation in each year over the 5-year period beginning in the budget year. ”