Fight Inflation Through Balanced Budgets Act

Senate Bill 4020 - Fight Inflation Through Balanced Budgets Act: Overview, Status, and Impact

Hozzl · 2024-03-13T03:23:32Z

Explore the details of Senate Bill 4020 Fight Inflation Through Balanced Budgets Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Economics and Public Finance. Stay informed on legislative developments.

3/13/2024, 3:23 AM

Congressional Summary of S 4020

Fight Inflation Through Balanced Budgets Act

This bill establishes points of order that may be raised in the Senate against (1) budget resolutions that do not include a balanced budget; and (2) provisions that would cause the total amount of appropriations for a program, project, or activity to exceed the authorized amount.

The bill also limits waivers of budget points of order in the Senate, including by prohibiting (1) waiving multiple points of order against a measure using a single motion, and (2) waiving a point of order that has not been specifically raised by a Senator.

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Current Status of Bill S 4020

Bill S 4020 is currently in the status of Bill Introduced since April 6, 2022. Bill S 4020 was introduced during Congress 117 and was introduced to the Senate on April 6, 2022. Bill S 4020's most recent activity was Read twice and referred to the Committee on the Budget. as of April 6, 2022

Bipartisan Support of Bill S 4020

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4020

Primary Policy Focus

Economics and Public Finance

Alternate Title(s) of Bill S 4020

Fight Inflation Through Balanced Budgets Act

A bill to require balanced budgets in concurrent resolutions on the budget, to establish limits on the waiver of budget points of order, and to prevent appropriations in excess of the amount authorized to be appropriated.