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HR 6957 118th Congress House Economics and Public Finance Budget deficits and national debt Budget process Government information and archives

Debt-to-GDP Transparency and Stabilization Act

Introduced: June 25, 2024 Introduced by: Smucker, Lloyd Republican · Pennsylvania See on congress.gov
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2024
Ordered to be Reported by Voice Vote.
Jan 18, 2024
Committee Consideration and Mark-up Session Held
Jan 11, 2024
Introduced in House
Jan 11, 2024
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.
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 Plain-English summary Congressional Research Service

Debt-to-GDP Transparency and Stabilization Act

This bill requires the President's annual budget and congressional budget resolutions to include the ratio of the public debt to the estimated gross domestic product. 

What's happening now January 18, 2024

Ordered to be Reported by Voice Vote.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6957: Debt-to-GDP Transparency and Stabilization Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-6957/
MLA
"H.R. 6957: Debt-to-GDP Transparency and Stabilization Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-6957/.
Bluebook (legal)
H.R. 6957, 118th Cong. (2026), https://openamerica.io/bill/118-HR-6957/.
Markdown link
[H.R. 6957: Debt-to-GDP Transparency and Stabilization Act](https://openamerica.io/bill/118-HR-6957/)
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