Maximizing America’s Prosperity Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 2123 Introduced in Senate (IS)] <DOC> 118th CONGRESS 1st Session S. 2123 To cap noninterest Federal spending as a percentage of potential GDP to right-size the Government, grow the economy, and balance the budget. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 22, 2023 Mr. Braun introduced the following bill; which was read twice and referred to the Committee on the Budget _______________________________________________________________________ A BILL To cap noninterest Federal spending as a percentage of potential GDP to right-size the Government, grow the economy, and balance the budget. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This title may be cited as the ``Maximizing America's Prosperity Act of 2023''. SEC. 2. TOTAL SPENDING LIMITS. (a) Total Spending Limits.--Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901) is amended to read as follows: ``SEC. 251. TOTAL SPENDING LIMITS. ``(a) Projecti…