Comprehensive Annual Congressional Budgeting: Unifying Spending and Revenue Review.
This bill fundamentally reforms how the U.S. Congress manages federal finances by requiring a single, comprehensive Annual Budget Act. This Act must combine all discretionary spending, mandatory spending (like Social Security and Medicare), and revenue policies (taxes). The goal is to gain better control over rising national debt and deficits, ensure timely budget passage, and stabilize critical trust funds facing depletion.
Key points
All federal spending and revenue policies will be consolidated into one annual budget document, increasing transparency and fiscal accountability.
Strict deadlines are imposed, requiring the budget to be passed before October 1, reducing the risk of government shutdowns and funding delays.
Congressional committees must actively review and propose changes to mandatory spending programs, addressing the long-term solvency of major trust funds like Social Security and Medicare.
Status:
Introduced
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