Coverage of the 119th Congress
Economy Desk
17 bills in the Economy desk, ordered for current relevance and readability.
Sponsored by Andy Biggs
This bill would remove inflation adjustments from the budget baseline, and if Congress doesn't agree on a budget for fiscal year 2026 by April 15, 2025, members' salaries would be held in escrow until an agreement is reached. The goal is to ensure that lawmakers vote responsibly on the budget.
Sponsored by H. Griffith
This bill creates a committee to develop a plan to move trade responsibilities from the Office of the US Trade Representative to Congress. The committee will consist of representatives from both parties and will have to submit a report with its findings by the end of 2027. This could potentially shift more power and decision-making authority on trade policy from the executive branch to Congress.
Sponsored by Earl Carter
Summary unavailable.
Sponsored by Jason Smith
This bill provides tax benefits to individuals who are considered qualified residents of Taiwan. These individuals may be subject to taxation in the US if they have a permanent home or center of vital interests in both countries, but the bill aims to avoid double taxation. The bill also includes rules for determining whether an individual is a qualified resident of Taiwan and how to calculate their taxable income.
Sponsored by Andy Biggs
This bill proposes an amendment to the US Constitution that would require the government to balance its budget every year. It would also limit the amount of debt the government can hold and prevent bills from increasing taxes unless they are approved by two-thirds of both the House and Senate. This could impact how governments make spending decisions.
