Senate Bill 2245
116th Congress(2019-2020)
Maximizing America’s Prosperity Act of 2019
Introduced
Introduced in Senate on Jul 24, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2245
Congress
116
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
No Senate votes have been held for this bill.
Summary
Maximizing America's Prosperity Act of 2019
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.
July 24, 2019
07/24/2019
Read twice and referred to the Committee on the Budget.
07/24/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:25 PM