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Increased Transparency: Public Debt-to-GDP Ratio in Budget Submissions.

This act aims to enhance government financial transparency by requiring the President and Congress to include the public debt-to-GDP ratio in their annual budget documents. This will provide citizens with a clearer understanding of the nation's financial health and its potential economic impact, helping them assess economic stability.
Key points
The President's annual budget submission must include the public debt-to-GDP ratio.
Congress's budget resolutions will also be required to include this ratio, increasing data accessibility.
The goal is to improve public and policymaker understanding of debt's impact on the national economy.
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Status:
Expired
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Additional Information
Print number: 118_HR_6957
Sponsor: Rep. Smucker, Lloyd [R-PA-11]
Process start date: 2024-01-11
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

Debt-to-GDP Transparency and Stabilization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6957.

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 2024-01-11.

What are the main provisions?

Key points include:

  • The President's annual budget submission must include the public debt-to-GDP ratio.
  • Congress's budget resolutions will also be required to include this ratio, increasing data accessibility.
  • The goal is to improve public and policymaker understanding of debt's impact on the national economy.
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. Smucker, Lloyd [R-PA-11].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported by Voice Vote.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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