Today, Congressman Glenn Grothman (WI-06) introduced the Enforce the Caps Act, which would impose restraints on federal spending by extending the enforcement period of spending caps that were recently signed into law under the Fiscal Responsibility Act through Fiscal Year (FY) 2029. This bill is endorsed by the America First Policy Institute, Americans for Prosperity, Americans for Tax Reform, FreedomWorks, the National Taxpayers Union, Heritage Action, R Street Institute, the Taxpayers Protection Alliance, and the Job Creators Network.

“R Street Institute is pleased to support the Enforce the Caps Act. The Act would impose a sequester should Congress not adhere to the spending caps agreed to in the bipartisan Fiscal Responsibility Act,” said Nan Swift, Fellow of R Street Institute. “While sequestration is an imperfect tool, it is nonetheless effective and easily avoided through prudent budgeting, a modest but essential first step that will help achieve much-needed savings.”