3.0.0 260 2025-05-27T14:13:29Z 2025-05-27T14:13:29Z House H HR 2023-01-10 118 <pre>[Congressional Record Volume 169, Number 8 (Tuesday, January 10, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. GOOD of Virginia:H.R. 260.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact this legislation pursuantto the following: Article 1 Section 8 of the United StatesConstitution.[Page H152]</pre> hsru00 Rules Committee House Standing Referred To 2023-01-10T15:00:45Z hsbu00 Budget Committee House Standing Referred To 2023-01-10T15:00:40Z 2023-01-10 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. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2023-01-10 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2023-01-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-10 Introduced in House IntroReferral 1000 9 Library of Congress G000595 Rep. Good, Bob [R-VA-5] Bob Good R VA 5 N P000605 Rep. Perry, Scott [R-PA-10] Scott Perry R PA 10 2023-01-10 True M001212 Rep. Moore, Barry [R-AL-2] Barry Moore R AL 2 2023-01-10 True Economics and Public Finance Appropriations 2023-03-08T14:30:22Z Budget deficits and national debt 2023-03-08T14:30:22Z Budget process 2023-03-08T14:30:22Z Congressional oversight 2023-03-08T14:30:22Z Government studies and investigations 2023-03-08T14:30:22Z Legislative rules and procedure 2023-03-08T14:30:22Z Economics and Public Finance 2023-01-23T12:30:23Z

00 2023-01-10 Introduced in House 2023-01-23T15:16:15Z <p><strong>Nickel Plan Act</strong></p> <p>This bill modifies the federal budget process to establish and enforce new spending caps. </p> <p>The bill establishes an outlay cap (less net interest payments) for FY2024 of $5.953 trillion, less 5%. For each year from FY2025-FY2027, the outlay cap is 5% less than the previous year's outlay cap.</p> <p>For FY2028 and subsequent years, total outlays (including net interest payments) may not exceed 17.5% of the gross domestic product (GDP) for that year as estimated by the Office of Management and Budget (OMB). Beginning in FY2029, total projected outlays for any year may not be less than the total projected outlays for the preceding year. </p> <p>The OMB must enforce the spending caps using a sequester to eliminate any excess spending through automatic cuts. The bill eliminates the existing exemptions from sequestration. </p> <p>If the OMB projects a sequester, the congressional budget committees may report a resolution directing congressional committees to change existing law to achieve the spending reductions necessary to meet the outlay limits. </p> <p>The bill also establishes procedures for Congress to enforce the outlay caps established by this bill.</p>

Display Title 45 2024-07-24T15:24:09Z Short Title(s) as Introduced 101 2024-05-24T13:43:06Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:10:28Z Introduced in House IH Introduced in House 2023-01-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr260ih/xml/BILLS-118hr260ih.xml 2023-01-10 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. 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.