Congress would set financial targets for federal spending and taxes for the next decade.
This bill would set financial goals for the government's income and spending for the next ten years, starting in fiscal year 2027. It also tells several House and Senate committees to suggest changes to laws that would impact the national deficit. These goals would help guide future decisions about federal money.
Currently, there is no official budget plan for the government's financial activities for fiscal year 2027 and the following nine years. This bill would establish those recommended financial targets for revenues, spending, deficits, and public debt. It would also initiate a process where specific congressional committees must propose new laws to adjust the national deficit by certain amounts.
SCONRES 39 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
Sign in to see your representatives' phone numbers