S 2548
Intergenerational Financial Obligations Reform Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Intergenerational Financial Obligations Reform Act, aims to improve long-term fiscal planning by requiring the Congressional Budget Office (CBO), the Office of Management and Budget, and the Government Accountability Office (GAO) to conduct and report on fiscal gap and generational accounting analyses. Specifically, it mandates that these agencies provide detailed reports on the nation’s debt, potential policy changes needed to address the fiscal gap, and the impact of those changes on future generations, using both baseline and alternative scenario projections.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Mike Braun
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.