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Spending Limits Act: Federal Budget Caps Through 2029

This act sets new federal spending limits for fiscal years 2026-2029. This means the government will need to more strictly control how much it spends on various programs and services, potentially impacting the availability and quality of some public benefits in the future.
Key points
Establishes upper limits for government spending for fiscal years 2026, 2027, 2028, and 2029.
Aims to control public debt and ensure financial stability, which may affect future investments and social programs.
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Status:
Expired
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Additional Information
Print number: 118_HR_4245
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2023-06-21