Bill > S1174

This bill establishes the National Commission on Fiscal Responsibility and Reform, a bipartisan commission tasked with identifying policies to improve the federal government's fiscal situation in the medium and long term. The commission is required to propose recommendations to balance the federal budget within 10 years and meaningfully improve the long-term fiscal outlook, including addressing entitlement spending growth. The bill provides for the commission to submit a final report with a proposed joint resolution implementing its recommendations, which would then receive expedited consideration in Congress.