Balanced Budget Responsibility Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3951 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3951 To provide authority and discretion to the President over budgetary resources to achieve a balanced budget. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 26, 2026 Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on the Budget _______________________________________________________________________ A BILL To provide authority and discretion to the President over budgetary resources to achieve a balanced 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 Act may be cited as the ``Balanced Budget Responsibility Act of 2026''. SEC. 2. AUTHORITY AND DISCRETION OF THE PRESIDENT OVER BUDGETARY RESOURCES TO ACHIEVE A BALANCED BUDGET. (a) Definitions.--In this section-- (1) the term ``budgetary resources''-- (A) has the meaning given that term in section 250(c) of the Balanced Budget and Emergency Deficit Control…