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   &lt;pre&gt;[Congressional Record Volume 167, Number 36 (Thursday, February 25, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. STEWART:H.R. 1383.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1, Clause 2 &amp; Clause 3[Page H732]&lt;/pre&gt;
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     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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     &lt;p&gt;&lt;strong&gt;Debt Control Through Budget Reconciliation Act of 2021&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill establishes long-term debt limits and a new reconciliation process to enforce the limits. &lt;/p&gt; &lt;p&gt;Specifically, the bill prohibits the estimated amount of debt held by the public from exceeding a specified percentage of the estimated nominal gross domestic product (GDP) for a fiscal year. The bill limits the debt to 101% of GDP for FY2022 and decreases the limit annually until it reaches 50% of GDP for FY2050.&lt;/p&gt; &lt;p&gt;The bill also establishes a new reconciliation process to enforce the limits. Under this process, the congressional budget resolution could direct congressional committees to report legislation to achieve the long-term debt limits. Congress would then be required to consider the legislation using expedited legislative procedures, which limit debate and amendments.&lt;/p&gt;
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   Debt Control Through Budget Reconciliation Act of 2021
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     Debt Control Through Budget Reconciliation Act of 2021
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     To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for long-term debt limits, and for other purposes.
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    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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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-02-25
Budget Committee
hsbu00
2
House floor actions
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.
IntroReferral
H11100
2021-02-25
Rules Committee
hsru00
2
House floor actions
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.
IntroReferral
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2021-02-25
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IntroReferral
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2021-02-25
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Library of Congress
Introduced in House
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2021-02-25T15:07:00Z
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House
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hsbu00
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2021-02-25T15:06:50Z
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House
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hsru00
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Burgess
Rep. Owens, Burgess [R-UT-4]
Owens
R
2021-02-25
UT
C001114
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John
Rep. Curtis, John R. [R-UT-3]
Curtis
R.
R
2021-02-25
UT
F000446
4
Randy
Rep. Feenstra, Randy [R-IA-4]
Feenstra
R
2021-02-25
IA
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-02-25
2021-02-25
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.
House
Economics and Public Finance
S001192
2
Chris
Rep. Stewart, Chris [R-UT-2]
N
Stewart
R
UT
Budget deficits and national debt Budget process Congressional committees Congressional operations and organization House of Representatives Legislative rules and procedure Performance measurement Senate
2021-02-25
Introduced in House
 <p><strong>Debt Control Through Budget Reconciliation Act of 2021</strong></p> <p>This bill establishes long-term debt limits and a new reconciliation process to enforce the limits. </p> <p>Specifically, the bill prohibits the estimated amount of debt held by the public from exceeding a specified percentage of the estimated nominal gross domestic product (GDP) for a fiscal year. The bill limits the debt to 101% of GDP for FY2022 and decreases the limit annually until it reaches 50% of GDP for FY2050.</p> <p>The bill also establishes a new reconciliation process to enforce the limits. Under this process, the congressional budget resolution could direct congressional committees to report legislation to achieve the long-term debt limits. Congress would then be required to consider the legislation using expedited legislative procedures, which limit debate and amendments.</p>
2022-04-13T13:42:06Z
00
2021-02-25T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1383ih/xml/BILLS-117hr1383ih.xml
Debt Control Through Budget Reconciliation Act of 2021
Debt Control Through Budget Reconciliation Act of 2021
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Introduced in House
To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for long-term debt limits, and for other purposes.
Official Title as Introduced
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Introduced in House
Debt Control Through Budget Reconciliation Act of 2021
Short Title(s) as Introduced
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2023-03-08T19:58:55Z
2023-03-08T19:58:55Z
3.0.0
H11100
2021-02-25
Budget Committee
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House floor actions
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.
IntroReferral
H11100
2021-02-25
Rules Committee
hsru00
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House floor actions
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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2021-02-25
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S001192
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Rep. Stewart, Chris [R-UT-2]
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Rep. Owens, Burgess [R-UT-4]
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2021-02-25
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Rep. Curtis, John R. [R-UT-3]
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2021-02-25
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F000446
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Rep. Feenstra, Randy [R-IA-4]
Feenstra
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2021-02-25
IA
Budget deficits and national debt Budget process Congressional committees Congressional operations and organization House of Representatives Legislative rules and procedure Performance measurement Senate
2021-02-25
Introduced in House
 <p><strong>Debt Control Through Budget Reconciliation Act of 2021</strong></p> <p>This bill establishes long-term debt limits and a new reconciliation process to enforce the limits. </p> <p>Specifically, the bill prohibits the estimated amount of debt held by the public from exceeding a specified percentage of the estimated nominal gross domestic product (GDP) for a fiscal year. The bill limits the debt to 101% of GDP for FY2022 and decreases the limit annually until it reaches 50% of GDP for FY2050.</p> <p>The bill also establishes a new reconciliation process to enforce the limits. Under this process, the congressional budget resolution could direct congressional committees to report legislation to achieve the long-term debt limits. Congress would then be required to consider the legislation using expedited legislative procedures, which limit debate and amendments.</p>
2022-04-13T13:42:06Z
00
Debt Control Through Budget Reconciliation Act of 2021
Debt Control Through Budget Reconciliation Act of 2021
Display Title
IH
Introduced in House
To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for long-term debt limits, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Debt Control Through Budget Reconciliation Act of 2021
Short Title(s) as Introduced
2021-02-25
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.