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     &lt;p&gt;&lt;b&gt;Maximizing America's Prosperity Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;The bill establishes procedures for enforcing the spending limits, including requirements for sequestration (i.e., automatic spending cuts) and for the President's budget and congressional budget resolutions to comply with the limits. &lt;/p&gt; &lt;p&gt;The bill also requires at least 1% of total discretionary spending for each year to be reserved for emergencies. &lt;/p&gt;
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H11100
2021-04-20
Rules Committee
hsru00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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
2021-04-20
Budget Committee
hsbu00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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
Intro-H
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
2021-04-20T14:05:10Z
Referred to
House
Rules Committee
hsru00
Standing
2021-04-20T14:05:05Z
Referred to
House
Budget Committee
hsbu00
Standing
H001082
1
Kevin
Rep. Hern, Kevin [R-OK-1]
Hern
R
2021-04-20
OK
B001299
3
Jim
Rep. Banks, Jim [R-IN-3]
Banks
R
2021-04-20
IN
C001120
2
Dan
Rep. Crenshaw, Dan [R-TX-2]
Crenshaw
R
2021-04-20
TX
W000816
25
Roger
Rep. Williams, Roger [R-TX-25]
Williams
R
2021-04-20
TX
W000814
14
Randy
Rep. Weber, Randy K., Sr. [R-TX-14]
Weber
K.
R
2021-04-20
TX
A000375
19
Jodey
Rep. Arrington, Jodey C. [R-TX-19]
Arrington
C.
R
2021-04-20
TX
C001104
11
Madison
Rep. Cawthorn, Madison [R-NC-11]
Cawthorn
R
2021-04-20
NC
J000304
13
Ronny
Rep. Jackson, Ronny [R-TX-13]
Jackson
R
2021-04-20
TX
G000589
5
Lance
Rep. Gooden, Lance [R-TX-5]
Gooden
R
2021-04-20
TX
E000298
4
Ron
Rep. Estes, Ron [R-KS-4]
Estes
R
2021-04-20
KS
T000479
3
Van
Rep. Taylor, Van [R-TX-3]
Taylor
R
2021-04-20
TX
M001157
10
Michael
Rep. McCaul, Michael T. [R-TX-10]
McCaul
T.
R
2021-04-20
TX
S000250
17
PETE
Rep. Sessions, Pete [R-TX-17]
SESSIONS
R
2021-04-20
TX
L000589
8
Debbie
Rep. Lesko, Debbie [R-AZ-8]
Lesko
R
2021-06-30
AZ
M001190
2
Markwayne
Rep. Mullin, Markwayne [R-OK-2]
Mullin
R
2021-06-30
OK
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
Emmer
R
2021-07-29
MN
C001103
1
Earl
Rep. Carter, Earl L. "Buddy" [R-GA-1]
Carter
L. "Buddy"
R
2021-12-07
GA
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.
2021-04-20
2021-04-20
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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
2021-04-20
Read twice and referred to the Committee on the Budget.
CRS
Identical bill
Maximizing America’s Prosperity Act of 2021
S
2021-10-20
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.
CRS
Related bill
Maximizing America’s Prosperity Act of 2021
S
B000755
8
KEVIN
Rep. Brady, Kevin [R-TX-8]
N
BRADY
R
TX
Appropriations Budget deficits and national debt Budget process Economic performance and conditions Legislative rules and procedure
2021-04-20
Introduced in House
 <p><b>Maximizing America's Prosperity Act of 2021</b></p> <p>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.</p> <p>The bill establishes procedures for enforcing the spending limits, including requirements for sequestration (i.e., automatic spending cuts) and for the President's budget and congressional budget resolutions to comply with the limits. </p> <p>The bill also requires at least 1% of total discretionary spending for each year to be reserved for emergencies. </p>
2021-06-09T16:23:07Z
00
2021-04-20T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2675ih/xml/BILLS-117hr2675ih.xml
Maximizing America’s Prosperity Act of 2021
Maximizing America’s Prosperity Act of 2021
Display Title
IH
Introduced in House
To cap noninterest Federal spending as a percentage of potential GDP to right-size the Government, grow the economy, and balance the budget.
Official Title as Introduced
IH
Introduced in House
Maximizing America’s Prosperity Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T19:58:55Z
2023-03-08T19:58:55Z
3.0.0
2021-04-20
Read twice and referred to the Committee on the Budget.
CRS
Identical bill
Maximizing America’s Prosperity Act of 2021
S
2021-10-20
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 151.
CRS
Related bill
Maximizing America’s Prosperity Act of 2021
S
H11100
2021-04-20
Rules Committee
hsru00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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
2021-04-20
Budget Committee
hsbu00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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
Intro-H
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
B000755
8
KEVIN
Rep. Brady, Kevin [R-TX-8]
N
BRADY
R
TX
H001082
1
Kevin
Rep. Hern, Kevin [R-OK-1]
Hern
R
2021-04-20
OK
B001299
3
Jim
Rep. Banks, Jim [R-IN-3]
Banks
R
2021-04-20
IN
C001120
2
Dan
Rep. Crenshaw, Dan [R-TX-2]
Crenshaw
R
2021-04-20
TX
W000816
25
Roger
Rep. Williams, Roger [R-TX-25]
Williams
R
2021-04-20
TX
W000814
14
Randy
Rep. Weber, Randy K., Sr. [R-TX-14]
Weber
K.
R
2021-04-20
TX
A000375
19
Jodey
Rep. Arrington, Jodey C. [R-TX-19]
Arrington
C.
R
2021-04-20
TX
C001104
11
Madison
Rep. Cawthorn, Madison [R-NC-11]
Cawthorn
R
2021-04-20
NC
J000304
13
Ronny
Rep. Jackson, Ronny [R-TX-13]
Jackson
R
2021-04-20
TX
G000589
5
Lance
Rep. Gooden, Lance [R-TX-5]
Gooden
R
2021-04-20
TX
E000298
4
Ron
Rep. Estes, Ron [R-KS-4]
Estes
R
2021-04-20
KS
T000479
3
Van
Rep. Taylor, Van [R-TX-3]
Taylor
R
2021-04-20
TX
M001157
10
Michael
Rep. McCaul, Michael T. [R-TX-10]
McCaul
T.
R
2021-04-20
TX
S000250
17
PETE
Rep. Sessions, Pete [R-TX-17]
SESSIONS
R
2021-04-20
TX
L000589
8
Debbie
Rep. Lesko, Debbie [R-AZ-8]
Lesko
R
2021-06-30
AZ
M001190
2
Markwayne
Rep. Mullin, Markwayne [R-OK-2]
Mullin
R
2021-06-30
OK
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
Emmer
R
2021-07-29
MN
C001103
1
Earl
Rep. Carter, Earl L. "Buddy" [R-GA-1]
Carter
L. "Buddy"
R
2021-12-07
GA
Appropriations Budget deficits and national debt Budget process Economic performance and conditions Legislative rules and procedure
2021-04-20
Introduced in House
 <p><b>Maximizing America's Prosperity Act of 2021</b></p> <p>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.</p> <p>The bill establishes procedures for enforcing the spending limits, including requirements for sequestration (i.e., automatic spending cuts) and for the President's budget and congressional budget resolutions to comply with the limits. </p> <p>The bill also requires at least 1% of total discretionary spending for each year to be reserved for emergencies. </p>
2021-06-09T16:23:07Z
00
Maximizing America’s Prosperity Act of 2021
Maximizing America’s Prosperity Act of 2021
Display Title
IH
Introduced in House
To cap noninterest Federal spending as a percentage of potential GDP to right-size the Government, grow the economy, and balance the budget.
Official Title as Introduced
IH
Introduced in House
Maximizing America’s Prosperity Act of 2021
Short Title(s) as Introduced
2021-04-20
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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.