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Fiscal Responsibility Committee: US Public Debt Reduction Plan

This act establishes a special committee in Congress aimed at finding ways to reduce the United States' public debt by at least $3.25 trillion by 2031. The committee's actions could impact future taxes, government spending, and overall financial stability, indirectly affecting every citizen through changes in public services or financial burdens.
Key points
Establishment of a twelve-member committee from the Senate and House of Representatives to develop a plan for deficit reduction.
The committee's primary function is to propose legislation to balance the budget (excluding interest payments on debt) by 2031.
The committee's report with legislative recommendations will undergo an expedited voting process in Congress, leading to swift decisions on future national finances.
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Status:
Expired
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Additional Information
Print number: 117_HJRES_41
Sponsor: Rep. Kinzinger, Adam [R-IL-16]
Process start date: 2021-04-16
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

National Committee on Fiscal Responsibility and Reform Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HJRES_41.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-16.

What are the main provisions?

Key points include:

  • Establishment of a twelve-member committee from the Senate and House of Representatives to develop a plan for deficit reduction.
  • The committee's primary function is to propose legislation to balance the budget (excluding interest payments on debt) by 2031.
  • The committee's report with legislative recommendations will undergo an expedited voting process in Congress, leading to swift decisions on future national finances.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kinzinger, Adam [R-IL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Rules.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Taxes Public Investments