YourVoice.Now Summary
Transparency & AccountabilityTwo yearly budget plans would show the debt next to the size of the economy — no cap, no target.
Transparency & Accountability
Federal law lists what the President's yearly budget must contain. Two items would join that list: the debt and the deficit, each next to the size of the economy.
Congress writes its own yearly budget plan, called a budget resolution. That plan would have to carry the same two shares, but the bill sets no limit on either one.
More about this bill
Nothing in your daily life or your wallet would change. What changes is what two public budget documents must say. The President's yearly budget would have to show the national debt as a share of the whole economy. It would show the yearly gap between spending and income the same way. Congress's own budget plan, called a budget resolution, would carry both figures too. That share is a common way to compare debt across years. Today the debt has passed the size of one year of the U.S. economy. No spending cap, debt target, or penalty comes with the change. The title mentions stabilization, but nothing here requires the debt to fall.
Congressional Summary
This bill requires the President's annual budget and congressional budget resolutions to include (1) the ratio of the public debt to the estimated gross domestic product (GDP), and (2) the ratio of the surplus or deficit to the estimated GDP.
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- Date Added
- 2026-04-02
- Source
- Congress.gov →
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