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H.Res. 921: Directing the Clerk of the House of Representatives to place a real time display of the United States total outstanding national debt in the House Chamber.


The text of the resolution below is as of Feb 9, 2022 (Introduced).


IV

117th CONGRESS

2d Session

H. RES. 921

IN THE HOUSE OF REPRESENTATIVES

February 9, 2022

(for himself, Mr. Crawford, Mr. Kelly of Pennsylvania, Mr. Chabot, Ms. Mace, Mr. Hern, Mr. Hollingsworth, Mr. Allen, Mrs. Cammack, Mr. Cawthorn, Mr. Perry, Mr. Budd, Mr. Rose, Mr. Norman, Mr. Schweikert, Mr. Posey, Mr. Mann, Mr. Womack, Mr. Steube, and Mr. Smucker) submitted the following resolution; which was referred to the Committee on House Administration

RESOLUTION

Directing the Clerk of the House of Representatives to place a real time display of the United States total outstanding national debt in the House Chamber.

Whereas, on January 31, 2022, the national debt reached $30 trillion;

Whereas the national debt has increased by $2.2 trillion in the first 12 months of Joe Biden’s presidency;

Whereas the Federal budget deficit for fiscal year 2021 was $2.8 trillion as of November 2021;

Whereas the debt per taxpayer is nearly $240,000 as of January 31, 2022;

Whereas the National Debt to Gross Domestic Product (GDP) ratio is 128 percent;

Whereas the Congressional Budget Office (CBO) estimates the National Debt to GDP ratio will surpass 200 percent by 2051 under current policy;

Whereas CBO estimates the American Rescue Plan Act of 2021 will increase the National Deficit by nearly $2 trillion over a 10-year period; and

Whereas the national debt will continue to rise at an alarmingly fast pace unless Congress acts to reduce reckless government spending: Now, therefore, be it

1.

Placement of national debt clock in House Chamber

(a)

Responsibilities of Clerk

The Clerk of the House of Representatives shall place a real time display of the United States total outstanding national debt, as calculated by the Secretary of the Treasury, in the House Chamber in clear view of the Members.

(b)

Regulations

The Clerk shall carry out this resolution in accordance with regulations promulgated by the Committee on House Administration, in consultation with the Committee on the Budget.