Stop Bankrupting Our Country Act
HR 9519, the "Stop Bankrupting Our Country Act," imposes a strict cap on federal spending growth starting in fiscal year 2025. It requires that annual federal spending (excluding interest on the national debt) not exceed the previous year's spending adjusted for inflation and population growth. Congress can override this cap only with a two-thirds vote in both chambers. If spending exceeds the cap, the budget office triggers automatic spending cuts ("sequestration") across most federal programs to bring spending back within the limit.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 10, 2024
Last action Sep 10, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 10, 2024
Committee
Referred to the Committee on the Budget, and in addition to the Committees on Appropriations, and Rules, 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.
lower
Sep 10, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chuck Edwards
RRepublican
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