118th Congress · HOUSE BILLBILL

H.R. 7656 — Balanced Budget and Accounting Act

“To amend title 31, United States Code, to require the President to submit a balanced budget to Congress, and for other purposes.”

Economics and public finance

Introduced Mar 13, 2024

Last action Mar 13, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 13, 2024

Step 2

Referred

Mar 13, 2024

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 to be a balanced budget in which total outlays do not exceed total receipts during the applicable fiscal year.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 13, 2024

Introduced in House

Mar 13, 2024

Referred to the House Committee on the Budget.