[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4659 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4659

 To require that the President's annual budget submission to Congress 
 and any concurrent resolution on the budget include the ratio of the 
   public debt to the estimated gross domestic product of the United 
                    States, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                             July 10, 2024

  Mr. Braun (for himself, Mr. Marshall, Mr. Scott of Florida, and Mr. 
    Tillis) introduced the following bill; which was read twice and 
                referred to the Committee on the Budget

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                                 A BILL


 
 To require that the President's annual budget submission to Congress 
 and any concurrent resolution on the budget include the ratio of the 
   public debt to the estimated gross domestic product of the United 
                    States, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Debt-to-GDP Transparency and 
Stabilization Act''.

SEC. 2. RATIO OF PUBLIC DEBT TO GDP INCLUDED IN PRESIDENT'S BUDGET 
              SUBMISSION AND CONCURRENT RESOLUTION ON THE BUDGET.

    (a) President's Budget Submission.--Section 1105(a) of title 31, 
United States Code, is amended by adding at the end the following:
            ``(40) the ratio of the public debt to the estimated gross 
        domestic product.''.
    (b) Concurrent Resolution on the Budget.--Section 301(a) of the 
Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 
632(a)) is amended--
            (1) in paragraph (6), by striking ``and'' at the end;
            (2) in paragraph (7), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(8) the ratio of the public debt to the estimated gross 
        domestic product.''.
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