[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4071 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4071

 To amend the Congressional Budget and Impoundment Control Act of 1974 
   to provide that concurrent resolutions on the budget include the 
 recommended ratio of the public debt to the estimated gross domestic 
        product for each fiscal year covered by the resolution.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2019

  Mr. Timmons (for himself and Mr. Panetta) introduced the following 
bill; which was 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

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                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
   to provide that concurrent resolutions on the budget include the 
 recommended ratio of the public debt to the estimated gross domestic 
        product for each fiscal year covered by the resolution.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONTENTS OF CONCURRENT RESOLUTIONS.

    Section 301(a) of the Congressional Budget Act of 1974 is amended 
by striking ``and'' at the end of paragraph (6), by striking the period 
and inserting ``; and'' at the end of paragraph (7), and by adding 
after paragraph (7) the following:
            ``(8) the recommended ratio of the public debt to the 
        estimated gross domestic product.''.

SEC. 2. DEFINITION.

    Section 3 of the Congressional Budget and Impoundment Control Act 
of 1974 is amended by adding at the end the following new paragraph:
            ``(12) The term `gross domestic product' means the gross 
        domestic product of the United States, as determined by the 
        Bureau of Economic Analysis of the Department of Commerce.''.
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