Senate Bill 2765
116th Congress(2019-2020)
Bipartisan Congressional Budget Reform Act
Introduced
Introduced in Senate on Oct 31, 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
2765
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.
Mike Enzi
grade
Wyoming
Delaware
Florida
Georgia
Georgia
Idaho
Idaho
Indiana
Iowa
Iowa
Louisiana
Maine
Missouri
Nebraska
North Dakota
Oklahoma
Rhode Island
South Carolina
Tennessee
Texas
Virginia
Virginia
Wisconsin
Wyoming
No Senate votes have been held for this bill.
Summary
Bipartisan Congressional Budget Reform Act
This bill makes several modifications to the federal budget process, including the procedures for considering congressional budget resolutions and adjusting the debt limit.
Among other modifications, the bill includes provisions that
- require biennial congressional budget resolutions, instead of the annual budget resolutions required under current law;
- retain the existing annual appropriations process;
- require a budget resolution to specify a target for the ratio of the debt held by the public to the gross domestic product (GDP) for each year covered by the resolution;
- require the debt-to-GDP target to be enforced using a mandatory reconciliation process that requires deficit reduction legislation to be considered using expedited legislative procedures;
- provide for automatic adjustments of the debt limit and statutory discretionary spending limits to conform to the levels in the budget resolution;
- modify the procedures for considering budget resolutions in the Senate;
- allow budget resolutions that have bipartisan support and meet specified requirements to be considered in the Senate using expedited procedures;
- rename the Committee on the Budget of the Senate as the Committee on Fiscal Control and the Budget of the Senate; and
- expand reporting requirements for congressional committees, the Congressional Budget Office, and the Government Accountability Office.
12/15/2020
By Senator Enzi from Committee on the Budget filed written report. Report No. 116-325. Additional views filed.
11/13/2019
Placed on Senate Legislative Calendar under General Orders. Calendar No. 306.
11/13/2019
Committee on the Budget. Reported by Senator Enzi with an amendment in the nature of a substitute. Without written report.
11/06/2019
Committee on the Budget. Ordered to be reported with an amendment in the nature of a substitute favorably.
10/31/2019
Read twice and referred to the Committee on the Budget.
10/31/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:17:28 AM