I
111th CONGRESS
1st Session
H. R. 2169
IN THE HOUSE OF REPRESENTATIVES
April 29, 2009
Mr. Duncan introduced the following bill; which was 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
A BILL
To limit Federal spending to a percentage of GDP.
Short title
This Act may be cited as the
Limitation on Government Spending Act
of 2009
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Limit on Federal spending
Definition
Section 3 of the Congressional Budget Act of 1974 (2 U.S.C. 622) is amended by inserting at the end the following:
Federal spending limit
The term Federal spending limit means—
with respect to fiscal year 2011, outlays not exceeding 22 per cent of the GDP;
with respect to fiscal year 2012, outlays not exceeding 21 per cent of the GDP; and
with respect to fiscal year 2013 and fiscal years thereafter, outlays not exceeding 20 per cent of the GDP.
GDP
The term GDP means the gross domestic product for the relevant fiscal year as most recently estimated by CBO.
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Federal spending limit point of order
Section 311 of the Congressional Budget Act of 1974 (2 U.S.C. 642) is amended by inserting at the end the following:
Federal spending limit point of order
In general
It shall not be in order in the Senate or the House of Representatives to consider any bill, joint resolution, amendment, or conference report that includes any provision that would result in a deficit for a fiscal year that exceeds the maximum deficit amount or Federal spending limit, as applicable, for such fiscal year.
Waiver or suspension
This subsection may be waived or suspended in the Senate only by the affirmative roll call vote of three-fifths of the Members, duly chosen and sworn.
Appeals
Appeals in the Senate from the decisions of the Chair relating to any provision of this subsection shall be limited to 1 hour, to be equally divided between, and controlled by, the appellant and the manager of the bill or joint resolution. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under this subsection.
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