3.0.0 3010 2021-10-27T04:18:52Z 2023-01-01T23:49:08Z Senate S 2021-10-19 117 Maximizing America’s Prosperity Act of 2021 117 2675 HR 2021-04-20 Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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. Related bill CRS Maximizing America’s Prosperity Act of 2021 117 1253 S 2021-04-20 Read twice and referred to the Committee on the Budget. Related bill CRS 2021-10-20 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151. Calendars 2021-10-19 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2021-10-19 Introduced in Senate IntroReferral 10000 9 Library of Congress B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN N Economics and Public Finance Appropriations Budget deficits and national debt Budget process Economic performance and conditions Legislative rules and procedure Economics and Public Finance 00 2021-10-19 Introduced in Senate 2021-10-22T14:44:33Z Maximizing America's Prosperity Act of 2021

This bill establishes annual spending limits that are equal to specified percentages of potential gross domestic product (GDP). Potential GDP generally refers to the GDP that would occur if the economy were at full employment without inflation. The spending limits apply to all budget authority and outlays of the federal government excluding net interest.

The bill establishes procedures for enforcing the spending limits, including requirements for sequestration (i.e., automatic spending cuts) and for the President's budget and congressional budget resolutions to comply with the limits.

The bill also requires at least 1% of total discretionary spending for each year to be reserved for emergencies.

]]> Maximizing America’s Prosperity Act of 2021 Display Title Maximizing America’s Prosperity Act of 2021 Short Title(s) as Introduced Maximizing America’s Prosperity Act of 2021 Official Title as Introduced A bill to cap noninterest Federal spending as a percentage of potential GDP to right-size the Government, grow the economy, and balance the budget. Placed on Calendar Senate 2021-10-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3010pcs/xml/BILLS-117s3010pcs.xml 2021-10-20 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151. 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.