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Fiscal Responsibility Commission: A Plan for Stable Government Finances

This act establishes a special commission to find ways to improve government finances and ensure their long-term stability. Citizens can expect proposals for changes that will affect the national budget, including spending and potential revenue sources, which may have long-term consequences for their personal finances and public services.
Key points
Establishment of a National Commission on Fiscal Responsibility and Reform, composed of 18 members from different political parties, to analyze and improve the government's financial situation.
The Commission is tasked with proposing solutions to balance the federal budget (excluding public debt interest) within 10 years and improve the long-term fiscal outlook, including changes to entitlement spending.
The Commission's reports and recommendations, including a proposed joint resolution implementing changes, will be publicly available, and the President will submit a special message to Congress outlining support or opposition.
Proposed changes will undergo expedited consideration in Congress, without the possibility of amendments, leading to a swift vote on the package of recommendations.
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Expired
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Additional Information
Print number: 117_S_1174
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2021-04-15
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Sustainable Budget Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1174.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • Establishment of a National Commission on Fiscal Responsibility and Reform, composed of 18 members from different political parties, to analyze and improve the government's financial situation.
  • The Commission is tasked with proposing solutions to balance the federal budget (excluding public debt interest) within 10 years and improve the long-term fiscal outlook, including changes to entitlement spending.
  • The Commission's reports and recommendations, including a proposed joint resolution implementing changes, will be publicly available, and the President will submit a special message to Congress outlining support or opposition.
  • Proposed changes will undergo expedited consideration in Congress, without the possibility of amendments, leading to a swift vote on the package of recommendations.
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 Sen. Lummis, Cynthia M. [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments Taxes