H.R. 7808: Debt-to-GDP Transparency and Stabilization Act

119th Congress · introduced 2026-03-04 · Economics and Public Finance · Latest: 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.

federal

What does this mean?

Official title

Debt-to-GDP Transparency and Stabilization Act

Plain summary

Debt-to-GDP Transparency and Stabilization Act This bill requires the President's annual budget and congressional budget resolutions to include (1) the ratio of the public debt to the estimated gross domestic product (GDP), and (2) the ratio of the surplus or deficit to the estimated GDP.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

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What does this mean? (plain words)

Official text

Debt-to-GDP Transparency and Stabilization Act

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Rep. Smucker, Lloyd [R-PA-11] · 16 cosponsors

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Words on this page, explained (2)

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Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr7808.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr7808 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills