Sustainable Budget Act of 2025

2/4/2025, 5:23 AM
Congress
119
Number
HR - 222
Introduced on
2025-01-07
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

1/7/2025
Text
PDF
XML

Related

Member:  
Scott H. Peters
Member:  
Steve Womack
Committee:  
Rules
Committee:  
Budget

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Sustainable Budget Act of 2025

This bill establishes the National Commission on Fiscal Responsibility and Reform within the legislative branch to identify policies to improve the fiscal situation in the medium term and achieve fiscal sustainability over the long term.

The commission must propose recommendations that (1) are designed to balance the budget, excluding interest payments on the debt, within 10 years; and (2) meaningfully improve the long-term fiscal outlook, including changes to address the growth of entitlement spending and the gap between projected federal revenues and expenditures.

Congress must consider the commission's recommendations using specified expedited legislative procedures.

Bill 119 HR 222, also known as the National Commission on Fiscal Responsibility and Reform Act, aims to create a bipartisan commission tasked with addressing the United States' fiscal challenges. The commission will be composed of 18 members, with half appointed by the President and half appointed by congressional leaders from both parties.

The commission's primary goal is to develop recommendations to improve the country's fiscal situation, including reducing the national debt, balancing the budget, and ensuring the long-term sustainability of federal programs such as Social Security and Medicare. The commission will also be tasked with identifying areas of waste and inefficiency in government spending.

The commission will have a deadline of one year to submit its recommendations to Congress and the President. The recommendations will require a supermajority vote from the commission members in order to be approved and submitted. Overall, Bill 119 HR 222 seeks to address the pressing fiscal challenges facing the United States by creating a bipartisan commission to develop solutions and recommendations for improving the country's financial stability.
Alternative Names
Official Title as IntroducedTo establish a national commission on fiscal responsibility and reform, and for other purposes.

Comments

Recent Activity

Latest Summary2/27/2025

Sustainable Budget Act of 2025

This bill establishes the National Commission on Fiscal Responsibility and Reform within the legislative branch to identify policies to improve the fiscal situation in the medium term and achie...

Latest Action1/7/2025
Referred to the Committee on the Budget, and in addition to the Committee on Rules, 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 concerne...