H.R.2879: Nickel Plan Act

About This Bill

Bill Sponsor

Bill Cosponsors

2 (All Republicans)

Bill Version

Bill Summary

Nickel Plan Act This bill modifies the federal budget process to establish and enforce new spending caps. The bill establishes an outlay cap (less net interest payments) for FY2022 of $4.298 trillion, less 5%. For each year from FY2023-FY2026, the bill reduces the outlay cap by 5% of the previous year's outlay cap. For FY2027 and subsequent years, total outlays may not exceed 18% of the gross domestic product (GDP) for that year as estimated...

(Source: Library of Congress)

Bill Actions

Date Description
April 28, 2021
Referred to the Committee on the Budget, and in addition to the Committee on 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.
April 28, 2021

Introduced in the House by Robert Good (R-Va.)

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