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SRES 654 119th Congress Senate Economics and Public Finance

A resolution expressing the sense of the Senate that the United States should reduce and maintain the Federal unified budget deficit at or below 3 percent of gross domestic product.

Introduced: March 20, 2026 Introduced by: Cramer, Kevin Republican · North Dakota See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 2026
Referred to the Committee on the Budget. (text: CR S1444)
Mar 20, 2026
Submitted in Senate
 Plain-English summary Congressional Research Service

This resolution expresses the sense of the Senate that (1) Congress should adopt a fiscal target to reduce the federal budget deficit to 3% of gross domestic product or less as soon as possible and no later than the end of FY2030; and (2) after the target is achieved, Congress should continue to pursue further deficit reduction with the goal of achieving a balanced federal budget.

What's happening now March 20, 2026

Referred to the Committee on the Budget. (text: CR S1444)

 Committees of jurisdiction 1