H.R. 4894 · 117th Congress · House

GPI Act of 2021

Active· Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and…
Introduced
Jul 30, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Genuine Progress Indicator Act of 2021 or the GPI Act of 2021

This bill requires the Department of Commerce to establish the genuine progress indicator as a metric to measure the economic well-being of households.

The indicator shall be calculated through adjustments to gross domestic product that account for positive and negative economic, environmental, and social factors that contribute to economic activity. It shall also include the total annual economic value and cost of such factors.

The head of each federal agency, the President, the Federal Reserve, and Congress must use both the indicator and gross domestic product for budgetary reporting and economic forecasting that measures the net benefits of economic activity.

Action Timeline

7
  1. JUL 30, 2021•IntroReferral

    Introduced in House

  2. JUL 30, 2021•IntroReferral

    Introduced in House

  3. JUL 30, 2021•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. JUL 30, 2021•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. JUL 30, 2021•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  6. JUL 30, 2021•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  7. JUL 30, 2021•IntroReferral

    Referred to the Committee on Oversight and Reform, and in addition to the Committees on the Budget, Education and Labor, Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Committees

5

Financial Services Committee

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Referred: Jul 30, 2021

Active

Ways and Means Committee

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Referred: Jul 30, 2021

Active

Education and Workforce Committee

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Referred: Jul 30, 2021

Active

Budget Committee

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Referred: Jul 30, 2021

Active

Oversight and Government Reform Committee

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Referred: Jul 30, 2021

Active