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119-hr-7808119th CongressWALLET

Debt-to-GDP Transparency and Stabilization Act

Sponsored By: Representative Smucker, Lloyd [R-PA-11]

Introduced

Summary

Adds two GDP-based ratios — the public debt-to-GDP ratio and the surplus-or-deficit-to-GDP ratio — to the items required in the President's annual budget and in any concurrent budget resolution. This bill would amend current budget law to require those two ratios in the President's budget submission and in the congressional concurrent budget resolution using precise statutory wording, and it does not alter other existing budget provisions beyond these inclusions.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Report federal debt and deficit ratios

This bill would require two GDP-based numbers in the President's annual budget and in Congress's concurrent budget resolution. It would show the public debt divided by estimated gross domestic product. It would also show the surplus or deficit divided by estimated gross domestic product. These numbers would be included in materials prepared by the Office of Management and Budget and in the budget resolution. The bill text does not specify a start date.

Sponsors & CoSponsors

Sponsor

Smucker, Lloyd [R-PA-11]

PA • R

Cosponsors

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 10/29/2026

  • Rep. Golden, Jared F. [D-ME-2]

    ME • D

    Sponsored 3/4/2026

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 3/4/2026

  • Rep. Perez, Marie Gluesenkamp [D-WA-3]

    WA • D

    Sponsored 3/4/2026

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 3/4/2026

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 3/4/2026

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 3/4/2026

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 3/4/2026

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 3/4/2026

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 3/4/2026

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 3/4/2026

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 3/4/2026

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 4/28/2026

  • Rep. Case, Ed [D-HI-1]

    HI • D

    Sponsored 5/13/2026

  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

    Sponsored 5/20/2026

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 6/23/2026

Roll Call Votes

No roll call votes available for this bill.

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