118th Congress · HOUSE BILLBILL

H.R. 6889 — True Cost Act

“To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.”

Economics and public finance

Introduced Dec 22, 2023

Last action Dec 22, 2023

Pipeline · Bill → Law

Step 1

Introduced

Dec 22, 2023

Step 2

Referred

Dec 22, 2023

Budget

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the President's annual budget submission to Congress to include estimates of the cost per individual taxpayer for (1) the public debt, and (2) any projected budget deficit for a fiscal year.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Dec 22, 2023

Introduced in House

Dec 22, 2023

Referred to the House Committee on the Budget.