What is the current status of HR 7808?

HR 7808 is currently: Introduced.

Who sponsored HR 7808?

HR 7808 was sponsored by Lloyd Smucker (R), Rep.

Budget Transparency Bill

IntroducedMarch 4, 2026

Introduced5 months ago

Intro

House

Senate

Pres

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.

Economics and Public Finance

Why This Matters

This bill would make sure that when the President presents the budget, it includes important information about the country's debt compared to its overall economy. This helps everyone understand the financial health of the nation better.

If you care about how government spending impacts the economy, this bill could provide clearer information each year.

Who this affects

Citizens

What changes is this bill making?

1This bill requires the President to include the public debt ratio in the annual budget submitted to Congress.
2The bill mandates that the budget also shows the estimated gross domestic product of the United States.
3It aims to provide clearer information about the country's financial situation.
4The bill applies to both the President's budget and any concurrent budget resolutions.

Read the detailed summary

Debt-to-GDP Transparency and Stabilization Act This bill requires the President's annual budget and congressional budget resolutions to include (1) the ratio of the public debt to the estimated gross domestic product (GDP), and (2) the ratio of the surplus or deficit to the estimated GDP.

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