HR 7420 · 117th Congress · Economics and Public Finance
Responsible Budget Targets Act of 2022
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Rules, and in addition to the Committee on the Budget, 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.(2022-04-06)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only