Balanced Budget Responsibility Act of 2026

This bill would let the President decline to spend federal funds that Congress has made available for a fiscal year if the President determines there will be a deficit that year. The President would make that determination in consultation with the Secretary of the Treasury and the Office of Management and Budget. The amount withheld could not be more than the amount needed to eliminate the deficit. Funds for Medicare and for Social Security retirement, survivors, and disability benefits would be excluded from this authority. The bill would apply notwithstanding the Impoundment Control Act of 1974.

Full text and official record on Congress.gov

Sponsors

• Rick Scott Republican sponsor
• 0 cosponsors