Bill > HR3289

This bill establishes a Fiscal Commission tasked with addressing the United States' long-term fiscal challenges by creating a 16-member bipartisan panel composed of senators, representatives, and outside experts. The Commission's primary goals are to educate the American public about the nation's fiscal state and identify policies to improve the federal government's long-term fiscal condition, with specific objectives including reducing national debt, achieving a public debt-to-GDP ratio of no more than 100% by 2039, and ensuring the solvency of federal trust fund programs for at least 75 years. The Commission will conduct hearings, develop recommendations, and ultimately produce a detailed report with legislative language, which must be approved by a majority that includes at least two members from each political party. If approved, the report will be submitted to congressional leadership and the President, followed by a national public awareness campaign. The bill provides a unique expedited legislative process for considering the Commission's recommendations, allowing for quick introduction and consideration of an "implementing bill" in both the House and Senate with limited debate and no amendments. The Commission will be funded equally by the Senate and House of Representatives and will terminate 30 days after submitting its final report.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3289/all-info