H.R. 5008 · 111th Congress · 2009–2010
Targeted Deficit Reduction Act of 2010
H.R. 5008 in the 111th Congress (2009–2010) was introduced on Apr 13, 2010, sponsored by Betsy Markey with 43 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Apr 13, 2010
- Co-sponsors
- 43
- Policy area
- Economics and Public Finance
What it does
Targeted Deficit Reduction Act of 2010 - Amends the Congressional Budget Act of 1974 to require each budget resolution for FY2011-FY2020 to include reconciliation directives to reduce the deficit to achieve the following goals: (1) primary budget balance by FY2015; (2) full budget balance by FY2020; and (3) a debt-to-gross domestic product (GDP) ratio of 60% by FY2020.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Betsy Markey (D-CO). Co-sponsors: 43 Democrats.
Where it stands
- IntroducedApr 13, 2010
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to House Budget (Apr 13, 2010)
More bills from Betsy Markey in the 111th Congress
- H.R. 4238: To designate the facility of the United States Postal Service located at 930 39th Avenue in…
- H.R. 2527: To provide authority for certain debt refinancing with respect to financings approved under title…
- H.R. 3178: Small Business Growth Act of 2009
- H.R. 3781: Target Practice and Marksmanship Training Support Act
- H.R. 4149: To amend the Internal Revenue Code of 1986 to provide a renewable electricity integration credit…
Other Economics and Public Finance bills in the 111th Congress
- H.R. 1: American Recovery and Reinvestment Act of 2009
- H.J.Res. 38: Making further continuing appropriations for fiscal year 2009, and for other purposes.
- H.R. 1105: Omnibus Appropriations Act, 2009
- H.R. 2346: Supplemental Appropriations Act, 2009
- H.R. 3357: To restore sums to the Highway Trust Fund, and for other purposes.
- H.R. 2892: Department of Homeland Security Appropriations Act, 2010
- H.R. 3183: Energy and Water Development and Related Agencies Appropriations Act, 2010
- H.R. 2996: Department of the Interior, Environment, and Related Agencies Appropriations Act, 2010
- H.R. 3288: Consolidated Appropriations Act, 2010
- H.R. 4314: To permit continued financing of Government operations.
Committees
- Budget Committee
- Rules Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5008 (111th Congress): Targeted Deficit Reduction Act of 2010,” https://www.capitolreceipts.com/bill/111-hr-5008/targeted-deficit-reduction-act-of-2010 (accessed 2026-10-17).