H.Res. 474 — Introduced in House

IV 118th CONGRESS 1st Session H. RES. 474 IN THE HOUSE OF REPRESENTATIVES June 6, 2023Mr. Norman (for himself, Mr. Posey, Mr. Bishop of North Carolina, Ms. Mace, Mr. Rose, Mr. Brecheen, Mr. Perry, Mr. Good of Virginia, Mr. Higgins of Louisiana, Mr. Ogles, Mr. Moore of Alabama, Mr. Santos, Mr. Burlison, Mrs. Luna, and Mrs. Kiggans of Virginia) 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 May 31, 2023, the United States national debt is at $31.818 trillion; Whereas the national debt has increased by $3.9 trillion since President Biden took office; Whereas the Federal budget deficit according to Congressional Budget Office (CBO) projections for fiscal year 2023 is $1.4 trillion; Whereas the budget deficit is projected to increase by an additional $17 trillion by 2033; Whereas the national debt is now projected to increase from $24.3 trillion in 2022 to $46.4 trillion by 2033; Whereas the debt per taxpayer is over $248,040 as of May 31, 2023; Whereas the national debt to gross domestic product (GDP) ratio is 120 percent; Whereas the CBO estimates the national debt to GDP ratio will surpass 200 percent by 2053; 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.