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 requires federal employees in Senior Executive Service and schedule C positions to disclose their student loan debt. They will have to file a report with the government every year, starting after the law takes effect, which includes information about all types of loans they've taken out. The government will then publish this information annually to help make sure that everyone is playing by the same rules.
Sponsored by Brian Fitzpatrick
This bill proposes an amendment to the Constitution that would prevent Members of Congress from receiving pay during a fiscal year unless both Houses agree on a budget resolution before the start of that year. This change aims to improve transparency and accountability in government spending. The effect of this bill would be felt by all Americans, as it would impact how Congress allocates federal funds.
Sponsored by Adrian Smith
This bill eliminates unused funding from a previous tax-cutting law called the Inflation Reduction Act. The extra money was meant to help with taxes and inflation, but since it's not being used, Congress wants to take it back. This means some taxpayer protections and small business benefits will be affected.
Sponsored by Brian Fitzpatrick
This bill proposes an amendment to the US Constitution that requires the government to balance its budget every year. If a two-thirds majority in both Congress agrees, they can allow for an exception to this rule for specific years. The goal of this bill is to promote fiscal responsibility and ensure the long-term solvency of the US government.
Sponsored by Vern Buchanan
Summary unavailable.
Sponsored by Troy Nehls
This bill requires Amtrak's Board of Directors to follow open meeting rules from the government, but allows for some exceptions to protect sensitive information, such as contract negotiations or employee details. This is important because it helps ensure transparency and accountability in how Amtrak makes decisions.
Sponsored by Tom McClintock
This bill proposes to add a new amendment to the US Constitution that would limit the government's ability to increase its debt. The amendment would require that any debt increase be approved by three-fourths of both houses of Congress and have a specific purpose. This could impact how the government finances its activities and makes decisions about borrowing money. Ultimately, it could affect how taxes are collected or spent.
Sponsored by Rudy Yakym
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.
Sponsored by Zachary Nunn
This bill proposes adding a new part to the US Constitution that would require the government to balance its budget every year. If the budget is not balanced, three-fifths of Congress could vote on allowing an exception. The bill also sets rules for how the government can spend and borrow money.
Sponsored by Vern Buchanan
Summary unavailable.
Sponsored by Scott Perry
This bill proposes a constitutional amendment that requires each government agency and department to justify its funding every year. The justification must explain how the funding will help achieve the agency's mission and what impact it will have on the economy. This could lead to more efficient use of taxpayer dollars.
Sponsored by Robert Wittman
Summary unavailable.
