HR 6957
Debt-to-GDP Transparency and Stabilization Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Debt-to-GDP Transparency and Stabilization Act, aims to increase public awareness of the nation’s debt levels. It requires the President to include the ratio of the U.S. public debt to the country’s estimated Gross Domestic Product (GDP) in both the President’s annual budget proposal and any congressional budget resolutions. This will provide Congress and the public with a clearer understanding of the government’s debt relative to the economy. The bill also mandates that the ratio be included in budget resolutions for each fiscal year.
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