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US S575

US S575
Fight Inflation Through Balanced Budgets Act


summary

Introduced
03/01/2023
In Committee
03/01/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to require balanced budgets in concurrent resolutions on the budget, to establish limits on the waiver of budget points of order, and to prevent appropriations in excess of the amount authorized to be appropriated.

AI Summary

This bill, titled the "Fight Inflation Through Balanced Budgets Act," aims to require balanced budgets in concurrent resolutions on the budget, establish limits on the waiver of budget points of order, and prevent appropriations from exceeding the amount authorized to be appropriated. Specifically, the bill would prohibit the Senate from considering a concurrent resolution on the budget that does not reduce the deficit to zero within 9 fiscal years. It would also limit the ability to waive budget points of order, requiring a two-thirds majority vote in the Senate to do so. Additionally, the bill would establish a point of order against appropriations that exceed the amount authorized by statute, which could be waived only by a three-fifths majority vote in the Senate.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Read twice and referred to the Committee on the Budget. (on 03/01/2023)

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