Chairman Arrington on the Fiscal Responsibility Act

Statement

"It took two decades of fiscal irresponsibility to put our country in this financial mess and we shouldn't expect to get out of it with just one legislative deal.

"The Fiscal Responsibility Act takes an important step to getting our nation's fiscal house in order by stopping Democrats' reckless spending, reining-in the runaway bureaucracy, and reviving our economy through pro-growth, pro-work, pro-energy policies.

"We roll back non-defense spending by $40 billion to FY22 levels, which is the biggest cut in discretionary spending in the history of our nation. We also negotiated a net reduction in overall spending next year for the first time in over a decade. Equally important are the broader fiscal reforms -- like requiring work for able-bodied welfare recipients and cutting regulations to unleash domestic energy production -- that begin reversing Biden's failed economic policies that resulted in record inflation and sustained economic decline.

"The American people gave Republicans the majority in the House to stop Democrats' unbridled spending, and the Fiscal Responsibility Act accomplishes that and more.

"We must end the era of big government funded on the backs of our children and change the culture in Washington to continuously and relentlessly rein-in our out of control deficit spending and restore fiscal accountability."

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