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I
116TH CONGRESS
1ST SESSION H. R. 4071
To amend the Congressional Budget and Impoundment Control Act of 1974
to provide that concurrent resolutions on the budget include the rec-
ommended ratio of the public debt to the estimated gross domestic
product for each fiscal year covered by the resolution.
IN THE HOUSE OF REPRESENTATIVES
JULY 25, 2019
Mr. TIMMONS (for himself and Mr. PANETTA) introduced the following bill;
which was 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 with-
in the jurisdiction of the committee concerned
A BILL
To amend the Congressional Budget and Impoundment Con-
trol Act of 1974 to provide that concurrent resolutions
on the budget include the recommended ratio of the
public debt to the estimated gross domestic product for
each fiscal year covered by the resolution.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. CONTENTS OF CONCURRENT RESOLUTIONS.
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Section 301(a) of the Congressional Budget Act of
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1974 is amended by striking ‘‘and’’ at the end of para-
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graph (6), by striking the period and inserting ‘‘; and’’
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•HR 4071 IH
at the end of paragraph (7), and by adding after para-
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graph (7) the following:
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‘‘(8) the recommended ratio of the public debt
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to the estimated gross domestic product.’’.
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SEC. 2. DEFINITION.
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Section 3 of the Congressional Budget and Impound-
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ment Control Act of 1974 is amended by adding at the
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end the following new paragraph:
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‘‘(12) The term ‘gross domestic product’ means
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the gross domestic product of the United States, as
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determined by the Bureau of Economic Analysis of
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the Department of Commerce.’’.
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