HR 6957 United States House · 118th Congress

Debt-to-GDP Transparency and Stabilization Act

This bill requires the President's annual budget submission and congressional budget resolutions to include the ratio of public debt to estimated gross domestic product (GDP). It amends existing laws (31 U.S.C. §1105(a) and the Congressional Budget and Impoundment Control Act of 1974) to mandate this specific metric be reported. The change would standardize the inclusion of this ratio in federal budget documents, making it a formal part of fiscal planning. It is a procedural update to reporting requirements, not a policy change affecting debt levels or spending.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
President
Introduced Jan 11, 2024 Last action Jan 18, 2024
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Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
2
Jan 18, 2024
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Jan 11, 2024
Committee
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Jan 11, 2024
Introduced
Introduced in House
lower
1 primary · 26 co-sponsors

Sponsors