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]
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.
Title
Maximizing America’s Prosperity Act of 2021
Sponsors
Rep. Kevin Brady [R-TX] | Rep. Kevin Hern [R-OK] | Rep. Jim Banks [R-IN] | Rep. Dan Crenshaw [R-TX] |
Rep. Roger Williams [R-TX] | Rep. Randy Weber [R-TX] | Rep. Jody Arrington [R-TX] | Rep. David Cawthorn [R-NC] |
Rep. Ronny Jackson [R-TX] | Rep. Lance Gooden [R-TX] | Rep. Ron Estes [R-KS] | Rep. Nicholas Taylor [R-TX] |
Rep. Michael McCaul [R-TX] | Rep. Pete Sessions [R-TX] | Rep. Debbie Lesko [R-AZ] | Rep. Markwayne Mullin [R-OK] |
Rep. Tom Emmer [R-MN] | Rep. Earl Carter [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2021-04-20 | House | 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. |
2021-04-20 | House | 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. |
2021-04-20 | House | Introduced 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.
SB3010 (Related) 2021-10-20 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.
Subjects
Appropriations
Budget deficits and national debt
Budget process
Economic performance and conditions
Economics and public finance
Legislative rules and procedure
Budget deficits and national debt
Budget process
Economic performance and conditions
Economics and public finance
Legislative rules and procedure
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/117th-congress/house-bill/2675/all-info |
Text | https://www.congress.gov/117/bills/hr2675/BILLS-117hr2675ih.pdf |