06 Feb BPC Action-Supported Fiscal Policy Bills in the 118th Congress in Economics and Finance

The following bipartisan bills align with Bipartisan Policy Center fiscal policy recommendations and are endorsed by BPC Action. This list is continuously updated. 

H.R. 1390 and S. 666, the Identifying and Eliminating Wasteful Programs Act 

  • Led in the House by Reps. Henry Cuellar (D-TX) and Nancy Mace (R-SC) 
  • Led in the Senate by Sens. Maggie Hassan (D-NH) and Mike Braun (R-IN) 
  • Requires each federal agency to compile a list of unnecessary programs based on guidance provided by OMB.  

H.R. 5696 and S. 135, the Prevent Government Shutdowns Act 

  • Led in the House by Reps. Jodey Arrington (R-TX) and Jimmy Panetta (D-CA) 
  • Led in the Senate by Sens. James Lankford (R-OK), Maggie Hassan (D-NH), Ron Johnson (R-WI), Angus King (I-ME), Rick Scott (R-FL), Mark Kelly (D-AZ), Steve Daines (R-MT), Krysten Sinema (I-AZ), Bill Cassidy (R-LA), Mike Braun (R-IN), and John Barrasso (R-WY) 
  • Provides continuing appropriations to prevent a government shutdown—on a two-week, rolling basis—if any of the appropriations bills for a fiscal year have not been enacted before the fiscal year begins and continuing appropriations are not in effect. 

S. 3262, the Fiscal Stability Act 

  • Led by Sens. Joe Manchin (D-WV), Mitt Romney (R-UT), Krysten Sinema (I-AZ), Todd Young (R-IN), John Hickenlooper (D-CO), Cynthia Lummis (R-WY), Mark Warner (D-VA), John Cornyn (R-TX), Jeanne Shaheen (D-NH), and Thom Tillis (R-NC) 
  • Establishes a bipartisan fiscal commission tasked with studying the fiscal challenges the United States faces and offering recommendations that would reduce federal debt and deficits. 

H.R. 5779, the Fiscal Commission Act 

  • Led by Reps. Bill Huizenga (R-MI), Scott Peters (D-CA), Tom Cole (R-OK), William Timmons (R-SC), Victoria Spartz (R-IN), Brad Schneider (D-IL), Ed Case (D-HI), Chrissy Houlahan (D-PA), Ami Bera (D-CA), Blake Moore (R-UT), Cory Mills (R-FL), Jimmy Panetta (D-CA), Jared Golden (D-ME), Adrian Smith (R-NE), and David Schweikert (R-AZ) 
  • Establishes a bipartisan fiscal commission tasked with studying the fiscal challenges the United States faces and offering recommendations that would reduce federal debt and deficits. 

H.R. 6952, the Fiscal State of the Nation 

  • Led by Reps. Blake Moore (R-UT), Scott Peters (D-CA), Andy Barr (R-KY), and Jimmy Panetta (D-CA) 
  • Provides for a joint meeting of the Congress to receive a presentation from the Comptroller General of the United States regarding the fiscal and financial health of the federal government. 

H.R. 6957, the Debt-to-GDP Transparency and Stabilization Act 

  • Led by Reps. Lloyd Smucker (R-PA), Jared Golden (D-ME), and Chuck Edwards (R-NC) 
  • Requires that the President’s annual budget submission to Congress and any concurrent resolution on the budget include the ratio of the public debt to the estimated gross domestic product of the United States. 

H.R. 7032, the Congressional Budget Office Data Sharing Act

  • Led by Reps. Brendan Boyle (D-PA) and Jodey Arrington (R-TX)
  • Authorizes the Congressional Budget Office (CBO) to obtain data from executive branch agencies with or without a written agreement if CBO maintains the same level of confidentiality that is required of the agency that provides the data.

H.R. 8341, the Cost Estimates Improvement Act

  • Led by Reps. Michael Cloud (R-TX), Ed Case (D-HI), Dan Meuser (R-PA), Jared Golden (D-ME), and Tom McClintock (R-CA)
  • Amends the Congressional Budget Act of 1974 to provide that any estimate prepared by the CBO or the JCT shall include costs relating to servicing the public debt.

H.R. 8342, the Improper Payments Transparency Act

  • Led by Reps. Rudy Yakym (R-IN), Jimmy Panetta (D-CA), Jack Bergman (R-MI), and Scott Peters (D-CA)
  • Requires the inclusion of key data in the President’s annual budget request such as: a description of programs required to submit improper payment reports; a detailed explanation of why any improper payments occurred; trends in improper payment amounts and rates over a three-year period; what corrective actions regarding improper payments are incomplete; and steps agencies will take to address improper payment issues.

H.R. 8343, the Enhancing Improper Payment Accountability Act

  • Led by Reps. Blake Moore (R-UT) and Abigail Spanberger (D-VA)
  • Designates all new federal programs making more than $100 million in payments in any one fiscal year as “susceptible to significant improper payments” for the first three years of operation; subjects these programs to more timely improper payment reporting requirements; and reinstates the requirement that agencies report on their antifraud controls and fraud risk management efforts in their annual financial reports to Congress.
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