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Debt Control Act: New Public Debt Limits Until 2050

This act introduces new rules for the United States' public debt limits, aiming to achieve them by 2050. The goal is to gradually reduce the debt relative to the size of the economy, which could impact the country's financial stability and future public spending. Citizens might experience these changes through potential adjustments in government budgets designed to meet these limits.
Key points
Establishes long-term public debt limits as a percentage of GDP, aiming for 50% by 2050.
Introduces special budget procedures to ensure compliance with these limits, including rules for cutting spending or increasing revenue.
Restricts the ability to introduce amendments to budget bills that would increase the deficit, aiming to maintain fiscal discipline.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1383
Sponsor: Rep. Stewart, Chris [R-UT-2]
Process start date: 2021-02-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Debt Control Through Budget Reconciliation Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1383.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Establishes long-term public debt limits as a percentage of GDP, aiming for 50% by 2050.
  • Introduces special budget procedures to ensure compliance with these limits, including rules for cutting spending or increasing revenue.
  • Restricts the ability to introduce amendments to budget bills that would increase the deficit, aiming to maintain fiscal discipline.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Stewart, Chris [R-UT-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Public Investments