US SB2765 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 18-4-1)
Status: Introduced on October 31 2019 - 25% progression
Action: 2019-11-13 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 306.
Text: Latest bill text (Introduced) [PDF]

Summary

Bipartisan Congressional Budget Reform Act This bill makes several modifications to the federal budget process, including the procedures for considering congressional budget resolutions and adjusting the debt limit. Among other modifications, the bill includes provisions that require biennial congressional budget resolutions, instead of the annual budget resolutions required under current law; retain the existing annual appropriations process; require a budget resolution to specify a target for the ratio of the debt held by the public to the gross domestic product (GDP) for each year covered by the resolution; require the debt-to-GDP target to be enforced using a reconciliation process that requires deficit reduction legislation to be considered using expedited legislative procedures; allow a budget resolution to include the amount of tax expenditures; provide for automatic adjustments of the debt limit and statutory discretionary spending limits to conform to the levels in the budget resolution; modify the procedures for considering budget resolutions in the Senate; allow budget resolutions that have bipartisan support and meet specified requirements to be considered in the Senate using expedited procedures; modify and establish budget points of order that may be raised against legislation; rename the Committee on the Budget of the Senate as the Committee on Fiscal Control and the Budget of the Senate; and expand reporting requirements for congressional committees, the Office of Management and Budget, the Congressional Budget Office, and the Government Accountability Office.

Tracking Information

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Title

Bipartisan Congressional Budget Reform Act

Sponsors


History

DateChamberAction
2019-11-13SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 306.
2019-11-13SenateCommittee on the Budget. Reported by Senator Enzi with an amendment in the nature of a substitute. Without written report.
2019-11-06SenateCommittee on the Budget. Ordered to be reported with an amendment in the nature of a substitute favorably.
2019-10-31SenateRead twice and referred to the Committee on the Budget.

Subjects


US Congress State Sources


Bill Comments

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