S 3951 · 119th Congress

Balanced Budget Responsibility Act of 2026

This bill would give the President significant new power to cut federal spending to balance the budget. Here's what it means: If the President determines that the government will run a deficit (spend more money than it takes in) for a given year, the President could refuse to spend money that Congress already approv…

Sponsor

Scott, Rick (R-Florida)

Introduced

2026-02-26

Policy area

Economics and Public Finance

Latest action

Read twice and referred to the Committee on the Budget.