1. Short title; findings (a) Short title This Act may be cited as the Balanced Budget Accountability Act . (b) Findings Congress finds the following: (1) The Federal debt exceeds $19,000,000,000,000, continues to grow rapidly, and is larger than the size of the United States economy. (2) The Federal budget has shown an annual deficit in 47 of the last 52 years. (3) Deficits and the Federal debt threaten to shatter confidence in the Nation’s economy, suppress job creation and economic growth, and leave future generations of Americans with a lower standard of living and fewer opportunities. (4) It is the duty of Members of Congress to develop and implement policies, including balancing the Federal budget, that encourage robust job creation and economic growth in the United States. (5) Members of Congress should be held accountable for failing to pass annual budgets that result in a balanced budget. 2. Effect of failure to adopt resolution providing for balanced budgets (a) Definitions In this section— (1) the term balanced budget means a concurrent resolution on the budget which provides that for fiscal year 2027, and each fiscal year thereafter to which the concurrent resolution on the budget applies— (A) total outlays do not exceed total receipts; and (B) total outlays are not more than 18 percent of the gross domestic product of the United States (as determined by the Bureau of Economic Analysis of the Department of Commerce) for such fiscal year; (2) the term Director means the Director of the Office of Management and Budget; and (3) the term Member includes a Delegate or Resident Commissioner to Congress. (b) Determination by the Office of Management and Budget Upon adoption by a House of Congress of a concurrent resolution on the budget for a fiscal year, the Director shall— (1) determine whether the concurrent resolution on the budget is a balanced budget