To prevent a fiscal crisis by enacting legislation to balance the Federal budget through reductions of discretionary and mandatory spending, and for other purposes.
Summary
What This Bill Does
The bill requires establishment and enforcement of spending caps The Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C, requires establishing outlay caps, and requires enforcement procedures It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, amendment between the Houses, or conference report that includes. It relies on reporting requirements, compliance mandates, definition changes, and product standards. The main policy areas are Environmental Groups, Criminal Justice, Environment, and Housing.
Who Benefits and How
Environmental and public health interests affected by the bill could face lower compliance burdens, Disaster response agencies and disaster-affected communities could face reduced risk, and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.
Key Provisions
- Requires establishment and enforcement of spending caps The Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C.
- Requires establishing outlay caps.
- Requires enforcement procedures It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, amendment between the Houses, or conference report that includes...
- Defines conforming amendments The table of contents set forth in— section 1(b) of the Congressional Budget and Impoundment Control Act of 1974 is amended by inserting after the item relating to section 315 the following...
- Requires effective date This Act and the amendments made by this Act shall apply to fiscal year 2023 and each fiscal year thereafter, including any reports and calculations required for implementation in fiscal year...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires establishment and enforcement of spending caps The Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C, requires establishing outlay caps, and requires enforcement procedures It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, amendment between the Houses, or conference report that includes.
Key Policy Areas
Environmental Groups, Criminal Justice, Environment, Housing
Primary Purpose
The bill requires establishment and enforcement of spending caps The Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C, requires establishing outlay caps, and requires enforcement procedures It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, amendment between the Houses, or conference report that includes.
Policy Domains
Whole bill
Identified Gains
- Environmental and public health interests affected by the bill
- Disaster response agencies and disaster-affected communities
- Public beneficiaries or protected communities affected by the clause
- Homeowners, tenants, or housing market participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Disaster response agencies and disaster-affected communities
Sponsors
Legislative Progress
IntroducedMr. Good of Virginia (for himself, Mr. Perry, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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