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Maximizing America's Prosperity Act: Federal Spending Limits

This act introduces limits on federal government spending, setting them as a percentage of potential economic growth. The goal is to right-size the government, grow the economy, and balance the budget. Citizens may experience changes in the availability and funding of public programs as the government operates under stricter budget constraints.
Key points
Sets maximum federal spending limits as a percentage of potential GDP, gradually reducing them to 17.5% from fiscal year 2031 onwards.
Implements automatic spending reductions if the budget exceeds the set limits, with a cap of 5% for any single budget account.
Requires the President to submit a budget compliant with the new limits and to prioritize all government programs into five categories, from vital to less essential.
Ensures that 1% of funds allocated for emergencies will be exclusively reserved for that purpose.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_1253
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-04-20
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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

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_S_1253.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Sets maximum federal spending limits as a percentage of potential GDP, gradually reducing them to 17.5% from fiscal year 2031 onwards.
  • Implements automatic spending reductions if the budget exceeds the set limits, with a cap of 5% for any single budget account.
  • Requires the President to submit a budget compliant with the new limits and to prioritize all government programs into five categories, from vital to less essential.
  • Ensures that 1% of funds allocated for emergencies will be exclusively reserved 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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Public Investments