H.R. 3930 · 116th Congress
Maximizing America’s Prosperity Act of 2019
- Stage
- In committee
- Sponsor
- Kevin Brady
- Introduced
- 2019-07-24
- Latest action
- 2019-07-24 · Introduced in House
Summary
Maximizing America's Prosperity Act of 2019
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.