Representative Jared F. Golden introduces H.R. 10780: Congressional Budget Reform Act

We have received text from H.R. 10780: Congressional Budget Reform Act. This bill was received on 2026-10-09, and currently has 2 cosponsors.

Here is a short summary of the bill:

This bill would change how Congress handles budgeting, spending control, and budget-related oversight. It would make several procedural changes to the appropriations process, add new reporting requirements, and create fallback rules for government funding if regular appropriations are not enacted on time.

Budgeting and spending process changes

The bill would consolidate House appropriations activity into a single appropriations committee structure, rather than allowing multiple separate approaches. It would also require spending-reduction accounts to be included as part of the budget process, with the goal of identifying savings or offsets within federal spending.

In addition, the bill would limit the executive branch’s ability to withhold or delay spending that Congress has already approved, reducing discretion over whether appropriated funds can be held back after enactment.

Automatic funding during a shutdown

If Congress does not pass regular funding measures in time, the bill would create automatic continuing appropriations to keep government programs funded during a shutdown. These automatic appropriations would function as temporary funding to avoid a lapse in government operations while Congress works on full-year bills.

While automatic continuing appropriations are in effect, the bill would also place limits on congressional travel and on the use of campaign funds for certain travel-related purposes.

Debt, deficit, and fiscal targets

The bill would add new fiscal targets related to debt and deficits. Congress would be required to consider these targets in the budgeting process, and the bill would establish reporting and review mechanisms to track whether those targets are being met.

If fiscal targets are missed, the bill would trigger a special Senate reconciliation process designed to help Congress consider legislation aimed at correcting the fiscal shortfall. This would create a formal path for Congress to respond when debt or deficit goals are not achieved.

Public reporting and oversight

The bill would expand public fiscal reporting requirements. The Comptroller General would be required to present an annual fiscal report to Congress. Budget resolutions would also need to include findings about the nation’s fiscal condition.

The Treasury Department would be required to analyze fiscal risks related to major crises, and the Government Accountability Office (GAO) would review these matters as part of its oversight role. These provisions are intended to provide more regular information about the government’s financial condition and the risks facing federal finances.

Relevant Companies

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Representative Jared F. Golden Bill Proposals

Here are some bills which have recently been proposed by Representative Jared F. Golden:

• H.R.10780: Congressional Budget Reform Act
• H.R.10555: VETS Access Act
• H.R.8509: To amend the Consolidated Appropriations Act, 2023 to extend the time period for which certain regulations concerning the North Atlantic right whale are effective.
• H.R.7735: Improving Mental Health Support for Servicemembers and Veterans Act
• H.R.4978: Secure Trade Act
• H.R.4665: Loggers Economic Assistance and Relief Act

You can track bills proposed by Representative Jared F. Golden on Investivoq's politician page for Golden.

Representative Jared F. Golden Net Worth

Investivoq estimates that Representative Jared F. Golden is worth $204.0K, as of October 16th, 2026. This is the 449th highest net worth in Congress, per our live estimates.

Golden has approximately $0 invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Jared F. Golden's net worth on Investivoq's politician page for Golden.

2026 Maine's 2nd Congressional District Election

There has been approximately $38,585,883 of spending in Maine's 2nd congressional district elections over the last two years, per our estimates.

Approximately $25,466,674 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• HMP ($15,028,652)
• CONGRESSIONAL LEADERSHIP FUND ($2,318,655)
• NRCC ($1,520,222)
• RESTORATION PAC ($1,400,000)
• PROJECT 218 ($906,861)

The rating for this race is currently "Lean R".

You can track this election on our matchup page for the 2026 Maine's 2nd congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.