Responsible Budget Targets Act of 2023

2/20/2024, 3:15 PM

Responsible Budget Targets Act of 2023

This bill modifies the federal budget process to establish new spending caps that are adjusted annually based on factors such as the amount of revenue and the growth of the gross domestic product.

Congress
118

Number
S - 772

Introduced on
2023-03-09

# Amendments
0

Sponsors
+5

Variations and Revisions

3/9/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Responsible Budget Targets Act of 2023

This bill modifies the federal budget process to establish new spending caps that are adjusted annually based on factors such as the amount of revenue and the growth of the gross domestic product.

Alternative Names
Official Title as IntroducedA bill to amend the Congressional Budget Act of 1974 to set responsible budget targets.

Policy Areas
Economics and Public Finance

Comments

Recent Activity

Latest Summary2/20/2024

Responsible Budget Targets Act of 2023

This bill modifies the federal budget process to establish new spending caps that are adjusted annually based on factors such as the amount of revenue and the growth of the gross domestic produ...


Latest Action3/9/2023
Read twice and referred to the Committee on the Budget.