arrow_back Back to App

Federal Spending Control: New Budget Limits Until 2032

This bill aims to curb the growth of government spending by setting budget limits until 2032. This is intended to help reduce public debt, which in the long run could affect the country's economic stability and potentially future taxes and the availability of public services. Citizens may feel the effects of these changes through potential restrictions on funding for certain government programs.
Key points
Introduction of annual government spending limits until 2032 to slow down public debt growth.
Establishment of a mechanism that makes it harder to suspend or bypass these limits, aiming for greater financial discipline.
The goal is to stabilize state finances, which may influence future decisions regarding taxes and public investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9032
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2022-09-29