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Bipartisan Social Security Commission Act of 2023

Source: Congress.gov  ·  2,938 words in original text
This bill creates a new group called the Commission on Long-Term Social Security Solvency. The Commission must recommend ways to keep Social Security's trust funds (funds set aside for retirement and disability benefits) stable for at least 75 years. Congress will vote on the Commission's recommendations using a fast-track process. ##
- Congress members who appoint Commission members - The President - Federal agencies that provide information to the Commission - The general public who attends public hearings ##
- The Commission has 13 members appointed by the President, House Speaker, House minority leader, Senate majority leader, and Senate minority leader (Sec. 4) - The Commission must send Congress recommendations and proposed legislation within one year of its first meeting, approved by at least 9 members (Sec. 3) - Congress must vote on the Commission's recommendations using expedited procedures that limit debate and amendments (Sec. 9) - The Commission terminates within 60 days after submitting its report (Sec. 7) - Federal agencies must provide the Commission with any information or technical assistance it requests (Sec. 5) ##
A new Commission will be established in the legislative branch to study Social Security's long-term financial health. Congress will receive formal recommendations within one year. When Congress votes on the Commission's proposals, special rules apply: committees must report bills quickly, debate is limited to four hours in the House and 30 hours in the Senate, and no amendments are allowed. ##
None defined in the 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.