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- S.1253
S.1253: Maximizing America’s Prosperity Act of 2021
About This Bill
- Introduced April 20, 2021
- Latest Major Action April 20, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 20, 2021
Bill Summary
Maximizing America's Prosperity Act of 2021 This bill establishes annual spending limits that are equal to specified percentages of potential gross domestic product (GDP). Potential GDP generally refers to the GDP that would occur if the economy were at full employment without inflation. The spending limits apply to all budget authority and outlays of the federal government excluding net interest. The bill establishes procedures for enforcing...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 20, 2021 |
Read twice and referred to the Committee on the Budget.
|
| April 20, 2021 |
Introduced in the Senate by Mike Braun (R-Ind.) |