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Sustainable Budget Act of 2023

Source: Congress.gov  ·  5,037 words in original text
This bill creates a National Commission on Fiscal Responsibility and Reform. The commission will study the federal government's budget problems and recommend ways to balance the budget within 10 years and improve the government's long-term financial health. ##
Members of Congress (who appoint commission members), the President (who appoints members and responds to the commission's report), federal agencies (who must provide information to the commission), and the general public (who can review the commission's recommendations). ##
• The commission has 18 members: 6 appointed by the President (no more than 3 from the same political party), 3 each by the Senate majority and minority leaders, and 3 each by the House Speaker and minority leader. All members must have experience in government service, fiscal policy, economics, management, public administration, or law. (Sec. 2(c) and 2(e)) • The commission must propose recommendations to balance the federal budget (not counting interest on debt) within 10 years of the commission's establishment and identify changes to address spending growth and revenue gaps. (Sec. 2(f)) • The commission must approve a final report with at least 12 members voting in favor, including at least 4 members from each major political party represented in Congress, and submit this report to Congress and the public. (Sec. 2(g)) • The commission establishes a website showing its recommendations and attendance records, updated within 72 hours after each meeting. (Sec. 2(h)(4)) • The President must submit to Congress within 60 days of receiving the commission's report a special message explaining whether the President supports or opposes the recommendations. (Sec. 3(b)) • The proposed recommendations from the commission receive special fast-track consideration in both the Senate and House, with limited debate time and no amendments allowed. (Sec. 4) ##
A new commission begins work within 30 days of this law taking effect. This commission will study federal spending and debt problems and produce recommendations within one year. Congress will then have expedited procedures to consider the commission's proposed solutions, meaning fewer procedural delays and limited debate compared to normal bills. ##
• **Commission**: The National Commission on Fiscal Responsibility and Reform established by this bill • **Federal agency**: An establishment in the executive, legislative, or judicial branch of the federal government • **Commission joint resolution**: A proposed law containing only the text of the commission's recommendations, eligible for fast-track consideration ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.