H.Res. 981 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on the Budget, and in addition to the Committees on Ways and Means, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned, Jan 7, 2026
What this bill does
In plain words · AI-written from the official summaryHouse calls for lower federal budget deficit
This is a resolution where the House of Representatives states its position on the federal budget deficit—the amount of money the government spends beyond what it takes in through taxes and other revenue. The resolution expresses that Congress should work to reduce the federal budget deficit to 3% of gross domestic product (the total value of everything the country produces) by the end of 2030, and after that, continue working toward a balanced budget where spending equals revenue.
How it affects you
This resolution doesn't change any laws or create immediate effects on everyday people. It's a statement of what the House believes Congress should aim for on budget policy. Any actual changes to how the government spends money or collects taxes would require separate legislation.
Read the official summary (Introduced in House, Jan 7, 2026)
This resolution expresses the sense of the House of Representatives that (1) Congress should adopt a fiscal target to reduce the federal budget deficit to 3% of gross domestic product or less as soon as possible and no later than the end of FY2030; and (2) after the target is achieved, Congress should continue to pursue further deficit reduction with the goal of achieving a balanced federal budget.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionH.Res. 981
RESOLUTION
Expressing the sense of the House of Representatives that the United States should reduce and maintain the Federal unified budget deficit at or below 3 percent of gross domestic product.
Sponsor: Rep. Bill Huizenga (R-MI-4) · Introduced Jan 7, 2026 · Economics and Public Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jan 7, 2026: “Referred to the Committee on the Budget, and in addition to the Committees on Ways and Means, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.”