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Coverage of the 119th Congress
Reading the bill…
Our AI is translating this into plain English. Usually takes 10–15 seconds.
Current Status
Referred to the House Committee on the Judiciary.
Sponsor
Rudy Yakym
Introduced
May 4, 2026
How far this bill has traveled through Congress
Introduced
Committee
Passed Chamber
Passed Both
President
Enacted
Introduced
Bill filed in chamber
Committee
Reviewed & reported
Passed Chamber
House or Senate vote
Passed Both
House & Senate agree
President
Sent to White House
Enacted
Signed into law
Latest Action
Referred to the House Committee on the Judiciary.
This bill proposes an amendment to the US Constitution that would limit the federal debt to 130% of the country's Gross Domestic Product. The debt limit would be reduced by 1% each year until it reaches 120%. The President would need to submit a budget and ensure that the debt does not exceed this limit, except in cases where a declaration of war is in effect or there is an imminent threat to national security.
This bill could impact how the government finances its activities and may affect interest rates, borrowing costs, and economic growth.
No position data available yet
Source: cosponsors
No position data available yet
Source: cosponsors
Cosponsor data and vote records sourced from Congress.gov. Reflects formal legislative actions only — not editorial opinion.
No representative stances found yet. Check back after the next scraping cycle.