US HB2675 | 2021-2022 | 117th Congress

Status

Spectrum: Partisan Bill (Republican 18-0)
Status: Introduced on April 20 2021 - 25% progression
Action: 2021-04-20 - Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Establishes annual spending limits that are equal to specified percentages of potential gross domestic product (GDP). Potential GDP generally refers to the GDP that would occur if the economy were at full employment without inflation. The spending limits apply to all budget authority and outlays of the federal government excluding net interest. The bill establishes procedures for enforcing the spending limits, including requirements for sequestration (i.e., automatic spending cuts) and for the President's budget and congressional budget resolutions to comply with the limits. The bill also requires at least 1% of total discretionary spending for each year to be reserved for emergencies.

Tracking Information

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Title

Maximizing America’s Prosperity Act of 2021

Sponsors


History

DateChamberAction
2021-04-20HouseReferred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-20HouseReferred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-20HouseIntroduced in House

Same As/Similar To

SB1253 (Same As) 2021-04-20 - Read twice and referred to the Committee on the Budget.
SB3010 (Related) 2021-10-20 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.

Subjects


US Congress State Sources


Bill Comments

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