Comprehensive Congressional Budget Act of 2026

This bill, titled the Comprehensive Congressional Budget Act of 2026, seeks to overhaul the federal budgeting process to address concerns about growing deficits, an incomplete budget process, and declining congressional control over spending. It highlights that current annual appropriations cover a shrinking portion of federal spending, while direct spending and revenue policies often lack regular, comprehensive review. The bill notes that major trust funds face depletion and that Congress frequently fails to pass appropriations on time, contributing to an ineffective budget system. The central mechanism introduced is the creation of an "annual budget Act" that would itemize all federal budget authority and revenue. This comprehensive act would consolidate discretionary spending, direct spending, and revenue policies, requiring detailed contributions from all committees with jurisdiction over these areas. The bill amends the Congressional Budget Act of 1974 to revise the budget timetable, mandating that the House Budget Committee report the annual budget Act by June 10. Committees would be required to submit detailed spending and revenue line items and proposed legislative changes for inclusion in this unified budget, aiming to ensure a single, comprehensive document that enhances congressional oversight and promotes fiscal responsibility.