3.0.0 10 2022-02-03T06:09:13Z 2022-02-03T06:09:13Z Senate S S 2009-01-06 111 2009-01-07 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 10. Calendars 2009-01-06 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S46) Calendars 2009-01-06 Introduced in Senate IntroReferral 10000 9 Library of Congress R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. N C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2009-01-06 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2009-01-06 True B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2009-01-06 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2009-01-06 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2009-01-06 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2009-01-06 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2009-01-06 True B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2009-01-06 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2009-01-06 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2009-01-06 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2009-01-06 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2009-01-06 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2009-01-06 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2009-01-06 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2009-01-07 False Economics and Public Finance Budget deficits and national debt Budget process Economic performance and conditions General taxation matters Income tax rates Economics and Public Finance 00 2009-01-06 Introduced in Senate 2009-03-09T19:45:15Z Fiscal Responsibility Act of 2009 - Expresses the sense of Congress that Congress and the President should restore fiscal discipline and begin to address the long-term fiscal challenges facing the United States through certain measures.

Specifies among such measures: (1) strong pay-as-you-go rules, to help block the approval of measures that would increase the deficit; and (2) recognition of warnings by both the Government Accountability Office (GAO) and the Congressional Budget Office (CBO) that the federal budget is on an unsustainable path of rising deficits and debt.

Urges establishment of a process to: (1) analyze the current and long-term federal actuarial financial condition and the gap between the federal projected revenues and expenditures; (2) identify factors that affect the federal long-term fiscal balance; (3) analyze potential courses of action to address them; and (4) seek a bipartisan agreement, or set of agreements, that will significantly improve the nation's long-term fiscal imbalances and the gap between projected revenues and expenditures, ensure U.S. economic security, and expand future prosperity and growth for all Americans.

Urges as well reviews of: (1) all federal spending and tax expenditures by the Director of the Office of Management and Budget (OMB) to identify items that are outdated, inefficient, poorly run, unnecessary, or otherwise undeserving of scarce federal resources or in need of reform; and (2) the current federal taxation system to ensure that burdens are borne fairly and equitably.

]]> Fiscal Responsibility Act of 2009 Short Titles as Introduced Fiscal Responsibility Act of 2009 Display Title Fiscal Responsibility Act of 2009 Official Title as Introduced A bill to restore fiscal discipline and begin to address the long-term fiscal challenges facing the United States, and for other purposes. Placed on Calendar Senate 2009-01-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s10pcs/xml/BILLS-111s10pcs.xml 2009-01-07 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 10. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.