S 2765 116th Congress Senate Economics and Public Finance Appropriations Budget deficits and national debt Budget process Congressional committees Congressional oversight Crime victims Government studies and investigations Income tax credits Income tax deductions Legislative rules and procedure Senate Senate Committee on the Budget

Bipartisan Congressional Budget Reform Act

Introduced: October 31, 2019 See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 15, 2020

By Senator Enzi from Committee on the Budget filed written report. Report No. 116-325. Additional views filed.

Nov 13, 2019

Placed on Senate Legislative Calendar under General Orders. Calendar No. 306.

Nov 13, 2019

Committee on the Budget. Reported by Senator Enzi with an amendment in the nature of a substitute. Without written report.

Nov 6, 2019

Committee on the Budget. Ordered to be reported with an amendment in the nature of a substitute favorably.

Oct 31, 2019

Read twice and referred to the Committee on the Budget.

Oct 31, 2019

Introduced in Senate

Plain-English summary Congressional Research Service

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 reconciliation process that requires deficit reduction legislation to be considered using expedited legislative procedures;
allow a budget resolution to include the amount of tax expenditures;
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;
modify and establish budget points of order that may be raised against legislation;
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 Office of Management and Budget, the Congressional Budget Office, and the Government Accountability Office.