arrow_back Back to App

Maximizing America's Prosperity Act: Federal Spending Limits

This act introduces limits on federal government spending, setting them as a percentage of potential GDP. The goal is to right-size the government, foster economic growth, and balance the budget. Citizens may experience changes in the availability of some federal programs as the government operates under stricter financial constraints.
Key points
Establishes fixed limits on federal spending, gradually reducing them to 17.5% of potential GDP by 2031.
Requires government agencies (OMB and CBO) to regularly report whether spending adheres to the set limits.
If limits are exceeded, the act mandates automatic cuts to certain program budgets, capped at 5% for any given budget account.
Requires the President's budget to include a prioritization of spending, categorizing programs into five levels of importance.
Ensures that 1% of funds allocated for emergencies are reserved exclusively for that purpose.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2675
Sponsor: Rep. Brady, Kevin [R-TX-8]
Process start date: 2021-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Maximizing America’s Prosperity Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2675.

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 2021-04-20.

What are the main provisions?

Key points include:

  • Establishes fixed limits on federal spending, gradually reducing them to 17.5% of potential GDP by 2031.
  • Requires government agencies (OMB and CBO) to regularly report whether spending adheres to the set limits.
  • If limits are exceeded, the act mandates automatic cuts to certain program budgets, capped at 5% for any given budget account.
  • Requires the President's budget to include a prioritization of spending, categorizing programs into five levels of importance.
  • Ensures that 1% of funds allocated for emergencies are reserved exclusively for that purpose.
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. Brady, Kevin [R-TX-8].

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