Timmons, Panetta Introduce Bipartisan Fiscal Responsibility Act of 2019
Congressman William Timmons (R-SC) and Congressman Jimmy Panetta (D-CA), both members of the House Committee on the Budget, recently introduced the Bipartisan Fiscal Responsibility Act of 2019 (BiFRA). The legislation would require all future budgets considered by Congress include a ratio comparing the federal government’s debt held by the public to the annual Gross Domestic Product…