Section 1 Short title
This Act may be cited as the “Debt-to-GDP Transparency and Stabilization Act”.
Debt-to-GDP Transparency and Stabilization Act
A BILL
To require 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, and for other purposes.
Sec. 2 Ratio of public debt to GDP included in President’s budget submission and concurrent resolution on the budget
President’s budget submission— Section 1105(a) of title 31, United States Code, is amended by adding at the end the following:
“(40) the ratio of the public debt to the estimated gross domestic product.”
Concurrent resolution on the budget— Section 301(a) of the Congressional Budget and Impoundment Control Act of 1974 is amended—
in paragraph (6), by striking “and” at the end;
in paragraph (7), by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(8) the ratio of the public debt to the estimated gross domestic product for the fiscal year beginning on October 1 of such year.”