WASHINGTON, D.C. – Today, U.S. Rep. Jim Renacci (OH-16) introduced a bill - Budget Enforcement Awareness Resolution - to hold Congress accountable to the federal budget.
Earlier this year, the national debt exceeded $19 trillion for the first time in our nation’s history, an amount that does not even take into account the trillions of dollars of future unfunded liabilities. Although many in Washington talk about the dangers of accumulating a crushing burden of debt, too little is done to ensure that we abide by our budget. The Budget Enforcement Awareness Resolution will restore integrity to budget enforcement by raising member awareness regarding budget-breaking legislation.
“The first step in setting a path toward paying down our nation’s debt is by passing a fiscally responsible budget resolution. But that is only part of the equation. Not only do we need to set a budget that balances, but we also must learn to better abide by it. Families are held accountable to following the budget they set for themselves; Washington should not be any different. We need to get serious about our country’s fiscal future,” Renacci said.
Maya MacGuineas, President of the Committee for a Responsible Federal Budget, said “The budget process is clearly broken, with deadlines often ignored and a chasm between what is prescribed in the budget resolution and the actual spending and revenue decisions subsequently made by lawmakers. Representative Renacci’s bill would increase both transparency and accountability in the process by pushing lawmakers to explicitly recognize each time they waive budget rules. The process will only work if there is commitment to enforcing the rules, and Rep. Renacci’s bill would make important progress on that front.”
"All too often budgetary points of order are waived by the Rules Committee as it moves to the floor for debate. This sleight of hand deprives the budget of its protection and effectively prevents Members from doing anything about it. Renacci’s proposal would allow consideration of budget-related points of order in cases where legislation would worsen the already deteriorating budget outlook. Such accountability is vitally important because structural problems in the budget are projected to lead to an unsustainable federal debt burden that threatens the well-being of future generations. Adoption of this common sense bill would strengthen budget enforcement, promote accountability, and heighten awareness of attempts to break the budget," Robert Bixby, Executive Director of Concord Coalition, said.
Renacci has represented the 16th district of Ohio since 2011 and sits on the Ways and Means Committee and Budget Committee.