What does Preamble of Balanced Budget Responsibility Act of 2026 do?

This bill is formally titled 'A bill to provide authority and discretion to the President over budgetary resources to achieve a balanced budget.'

What does SHORT TITLE. of Balanced Budget Responsibility Act of 2026 do?

This bill is formally titled the Balanced Budget Responsibility Act of 2026.

What does AUTHORITY AND DISCRETION OF THE PRESIDENT OVER BUDGETARY of Balanced Budget Responsibility Act of 2026 do?

This section defines terms related to budgetary resources and deficits. It establishes definitions for 'budgetary resources,' 'covered budgetary resources,' and 'deficit,' referencing other acts. If the President determines there will be a deficit, they may decline to obligate 'covered budgetary resources' to eliminate the deficit. The Medicare program and the old-age, survivors, and disability insurance program are excluded from 'covered budgetary resources'.

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Balanced Budget Responsibility Act of 2026

Last updated: 2/26/2026 · Introduced: 2/26/2026

Author: Rick Scott (R-FL)

TL;DR (AI)

This bill allows the President to withhold funding from certain budgetary resources if a deficit is projected.
The Medicare and Social Security programs are exempt from these potential funding withholdings.
The bill defines key budgetary terms like 'budgetary resources,' 'covered budgetary resources,' and 'deficit'.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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