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United States · Bill · HR

H.R. 5178 (116th)

RAFT Act of 2019

referredUnited States· United States Congress· EN

Introduced

19 November 2019

Last action

19 November 2019 · Introduced

Status

Referred to the Committee on Rules, and in addition to the Committee on the Budget, 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.

Sponsors

Rep. Burchett, Tim [R-TN-2], Rep. Case, Ed [D-HI-1], Rep. Womack, Steve [R-AR-3], Rep. Phillips, Dean [D-MN-3], Rep. Rouda, Harley [D-CA-48]

Subjects

Taxation, Budget

Source updated

7 April 2025

Taxation · Budget

Official sourceDownload fileView documentsShare

Summary

Reforming America's Fiscal Toolkit Act of 2019 or the RAFT Act of 2019 This bill modifies the federal budget process to provide for the establishment of a target for the ratio of the public debt to the estimated gross domestic product (GDP). Specifically, the bill requires congressional budget resolutions to include a recommended ratio of public debt to GDP. In addition, congressional budget resolutions for even-numbered fiscal years must either (1) instruct one or more congressional committees to recommend changes in existing laws necessary to achieve the target ratio, or (2) request the establishment of a Joint Select Committee on Fiscal Responsibility to make the recommendations. The bill also sets forth requirements for (1) establishing the Joint Select Committee on Fiscal Responsibility if it is requested, and (2) considering the recommendations of the joint committee or other congressional committees using expedited legislative procedures in the Senate.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 19 November 2019

    Introduced

    Referred to the Committee on Rules, and in addition to the Committee on the Budget, 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.

    Source: IntroReferral

  2. 19 November 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 November 2019

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 19 November 2019

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  • Introduced in House (PDF)

    Introduced in House · EN · 19 November 2019

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 19 November 2019

    Open at official source

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Sponsors

Related records

Sources

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