H.R. 7420 · 117th Congress · House

Responsible Budget Targets Act of 2022

Active· Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speake…
Introduced
Apr 6, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Responsible Budget Targets Act of 2022

This bill modifies the federal budget process to establish new spending caps that are adjusted annually based on factors such as the amount of revenue and the growth of the gross domestic product.