Analysis of long-term unfunded obligations

Section 1105(a) of title 31, United States Code, is amended by adding at the end the following: (39) an analysis of long-term unfunded obligations, which shall include— (A) an analysis of the impact of long-term unfunded obligations in applicable entitlement programs on the long-term level of unified budget outlays and the unified budget surplus or deficit, in relation to the projected level of the gross domestic product of the United States, over a 25, 50, and 75-year window; (B) a report on the impact of legislation enacted during the previous session of Congress that increases the long-term unfunded obligation in any applicable group of entitlement program; and (C) an analysis of the impact of legislation proposed in the President’s budget on the long-term unfunded obligation in any applicable entitlement program..