3.0.0 5178 2022-10-28T02:00:27Z 2022-10-28T02:00:27Z House HR 2019-11-19 116 [Congressional Record Volume 165, Number 185 (Tuesday, November 19, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BURCHETT:H.R. 5178.Congress has the power to enact this legislation pursuantto the following:Article IV,Section 3, Clause 2. The Congress shall have Power todispose of and make all needful Rules and Regulationsrespecting the Territory or other Property belonging to theUnited States; and nothing in this Constitution shall be soconstrued as to Prejudice any Claims of the United States, orof any particular State.[Page H9058]]]> hsbu00 Budget Committee House Standing Referred to 2019-11-19T15:03:45Z hsru00 Rules Committee House Standing Referred to 2019-11-19T15:03:40Z 2019-11-19 Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2019-11-19 Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2019-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-19 Introduced in House IntroReferral 1000 9 Library of Congress B001309 Rep. Burchett, Tim [R-TN-2] Tim Burchett R TN 2 N C001055 Rep. Case, Ed [D-HI-1] Ed Case D HI 1 2019-11-19 True W000809 Rep. Womack, Steve [R-AR-3] Steve Womack R AR 3 2019-11-19 True P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2020-01-27 False R000616 Rep. Rouda, Harley [D-CA-48] Harley Rouda D CA 48 2020-03-03 False Economics and Public Finance Budget deficits and national debt Budget process Congressional committees Congressional operations and organization Congressional oversight Economic performance and conditions Government information and archives Legislative rules and procedure Members of Congress Economics and Public Finance 00 2019-11-19 Introduced in House 2022-01-21T16:33:49Z Reforming America's Fiscal Toolkit Act of 2019 or the RAFT Act of 2019

This bill modifies the federal budget process to provide for the establishment of a target for the ratio of the public debt to the estimated gross domestic product (GDP).

Specifically, the bill requires congressional budget resolutions to include a recommended ratio of public debt to GDP. In addition, congressional budget resolutions for even-numbered fiscal years must either (1) instruct one or more congressional committees to recommend changes in existing laws necessary to achieve the target ratio, or (2) request the establishment of a Joint Select Committee on Fiscal Responsibility to make the recommendations.

The bill also sets forth requirements for (1) establishing the Joint Select Committee on Fiscal Responsibility if it is requested, and (2) considering the recommendations of the joint committee or other congressional committees using expedited legislative procedures in the Senate.

]]> RAFT Act of 2019 Display Title RAFT Act of 2019 Official Title as Introduced To amend the Congressional Budget Act of 1974 to provide for procedures to meet a target ratio of public debt to gross domestic product, and for other purposes. Introduced in House IH Short Title(s) as Introduced RAFT Act of 2019 Introduced in House IH Short Title(s) as Introduced Reforming America’s Fiscal Toolkit Act of 2019 Introduced in House IH Introduced in House 2019-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5178ih/xml/BILLS-116hr5178ih.xml 2019-11-19 Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.