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Debt-to-GDP Transparency and Stabilization Act

USA119th CongressHR-7808| House 
| Updated: 3/4/2026
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (12)
Jared F. Golden (Democratic)Marie Gluesenkamp Perez (Democratic)Steve Womack (Republican)Jimmy Panetta (Democratic)Scott H. Peters (Democratic)Donald G. Davis (Democratic)Thomas R. Suozzi (Democratic)Rudy Yakym (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Glenn Grothman (Republican)Ben Cline (Republican)

Rules Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation aims to enhance fiscal transparency by requiring specific economic ratios to be included in key federal budget documents. It mandates that both the President's annual budget submission to Congress and any concurrent resolution on the budget must explicitly state the ratio of the public debt to the estimated gross domestic product (GDP). Furthermore, the bill stipulates that these same budget documents must also include the ratio of the federal surplus or deficit to the estimated gross domestic product. By incorporating these critical economic indicators, the legislation seeks to provide a clearer and more comprehensive understanding of the nation's financial standing relative to its overall economic activity for policymakers and the public.
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Timeline

Bill from Previous Congress

HR 118-6957
Debt-to-GDP Transparency and Stabilization Act
Mar 4, 2026
Introduced in House
Mar 4, 2026
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.
  • Bill from Previous Congress

    HR 118-6957
    Debt-to-GDP Transparency and Stabilization Act


  • March 4, 2026
    Introduced in House


  • March 4, 2026
    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.

Economics and Public Finance

Debt-to-GDP Transparency and Stabilization Act

USA119th CongressHR-7808| House 
| Updated: 3/4/2026
This legislation aims to enhance fiscal transparency by requiring specific economic ratios to be included in key federal budget documents. It mandates that both the President's annual budget submission to Congress and any concurrent resolution on the budget must explicitly state the ratio of the public debt to the estimated gross domestic product (GDP). Furthermore, the bill stipulates that these same budget documents must also include the ratio of the federal surplus or deficit to the estimated gross domestic product. By incorporating these critical economic indicators, the legislation seeks to provide a clearer and more comprehensive understanding of the nation's financial standing relative to its overall economic activity for policymakers and the public.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 118-6957
Debt-to-GDP Transparency and Stabilization Act
Mar 4, 2026
Introduced in House
Mar 4, 2026
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.
  • Bill from Previous Congress

    HR 118-6957
    Debt-to-GDP Transparency and Stabilization Act


  • March 4, 2026
    Introduced in House


  • March 4, 2026
    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.
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (12)
Jared F. Golden (Democratic)Marie Gluesenkamp Perez (Democratic)Steve Womack (Republican)Jimmy Panetta (Democratic)Scott H. Peters (Democratic)Donald G. Davis (Democratic)Thomas R. Suozzi (Democratic)Rudy Yakym (Republican)Daniel Meuser (Republican)Don Bacon (Republican)Glenn Grothman (Republican)Ben Cline (Republican)

Rules Committee, Budget Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted