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Maximizing America's Prosperity Act: Federal Spending Limits

This act aims to cap federal government spending to reduce public debt and foster economic growth. It introduces annual spending limits, expressed as a percentage of potential GDP, which may affect the availability of government-funded programs and services. Citizens might experience changes in federal support across various aspects of their lives.
Key points
Establishes fixed federal spending limits, gradually reducing them to 17.5% of potential GDP by 2031.
Requires automatic cuts in government agency budgets if spending exceeds set limits, with cuts capped at 5% for each budget account.
Mandates the President to submit a budget compliant with new limits and to prioritize government spending into five categories, from vital to less relevant for public welfare.
Allocates 1% of appropriations for emergencies, to be used exclusively for that purpose.
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Status:
Expired
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Additional Information
Print number: 117_S_3010
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-10-20
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
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_S_3010.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-20.

What are the main provisions?

Key points include:

  • Establishes fixed federal spending limits, gradually reducing them to 17.5% of potential GDP by 2031.
  • Requires automatic cuts in government agency budgets if spending exceeds set limits, with cuts capped at 5% for each budget account.
  • Mandates the President to submit a budget compliant with new limits and to prioritize government spending into five categories, from vital to less relevant for public welfare.
  • Allocates 1% of appropriations for emergencies, to be used 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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.

Is this summary verified?

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

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments