Bill > HR222

This bill establishes the National Commission on Fiscal Responsibility and Reform, a temporary legislative body designed to address the United States' fiscal challenges. The 18-member commission will be composed of appointees from the President, Senate, and House of Representatives, with members selected based on their expertise in government, fiscal policy, economics, and management. The commission's primary duties include identifying policies to improve the fiscal situation in the medium and long term, with a specific goal of balancing the budget (excluding interest payments) within 10 years and stabilizing the debt-to-GDP ratio. The commission must produce a report with recommendations, which requires approval from at least 12 members, including at least 4 members from each major political party. After submitting the report, the President must transmit a special message to Congress with a proposed joint resolution implementing the recommendations, detailing which recommendations are included or excluded. The bill provides an expedited legislative process for considering the commission's recommendations, including specific rules for introduction, debate, and voting in both the House of Representatives and the Senate, with limited opportunities for amendments or delays. The commission will terminate 30 days after submitting its final report, and the bill authorizes necessary appropriations to support its work.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/222/all-info