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
Floor votes
How they voted
No floor votes recorded yet.
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
Role
Legislator
Party
State
District
P
Lloyd Smucker
RRepublican
Co
August Pfluger
RRepublican
Co
Ben Cline
RRepublican
Co
Brian K. Fitzpatrick
RRepublican
Co
Chuck Edwards
RRepublican
Co
Daniel Meuser
RRepublican
Co
Dean Phillips
DDemocratic
Co
Don Bacon
RRepublican
Co
Donald G. Davis
DDemocratic
Co
Glenn Grothman
RRepublican
Co
Hillary J. Scholten
DDemocratic
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