HR 7656
Balanced Budget and Accounting Act
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Bill overview
This bill, the Balanced Budget and Accounting Act, aims to ensure the President’s annual budget is balanced, meaning total government spending (outlays) cannot exceed total revenue (receipts) in any given fiscal year. It modifies existing law to explicitly require this balance within the President’s budget submission to Congress. The bill also mandates that the budget include a clear statement outlining this balance requirement. This legislation seeks to promote fiscal responsibility and accountability in government spending.
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Primary sponsor
Cosponsors
Greg Lopez
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