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Debt Commission Act: Plan for Stable Government Finances

This act establishes a special commission to find ways to reduce national debt and improve the stability of government finances. Its goal is to develop concrete proposals for changes in spending and revenue, which could impact future taxes, benefits, and the overall economic health of the country.
Key points
Establishes a 16-member Debt Commission, composed of members of Congress, to address the national debt.
The Commission is tasked with developing plans to reduce public debt relative to the economy's size and improve the long-term stability of key federal programs.
The Commission's proposals, including specific legislative language, will undergo an expedited voting process in Congress, leading to quicker decisions on national finances.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6927
Sponsor: Rep. Spartz, Victoria [R-IN-5]
Process start date: 2024-01-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Debt Commission Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6927.

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 2024-01-09.

What are the main provisions?

Key points include:

  • Establishes a 16-member Debt Commission, composed of members of Congress, to address the national debt.
  • The Commission is tasked with developing plans to reduce public debt relative to the economy's size and improve the long-term stability of key federal programs.
  • The Commission's proposals, including specific legislative language, will undergo an expedited voting process in Congress, leading to quicker decisions on 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. Spartz, Victoria [R-IN-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Public Investments Taxes