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.
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.
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.
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.
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.