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Fiscal Responsibility Commission: Plan to Balance Federal Budget within 10 Years

This Act establishes a bipartisan National Commission on Fiscal Responsibility tasked with creating a plan to balance the federal budget within 10 years. Citizens should note that the Commission must propose changes to spending, including major entitlement programs, and potentially revenue, to stabilize the national debt. Crucially, the Commission's final recommendations will be submitted to Congress for an expedited, unamendable vote.
Key points
A bipartisan 18-member Commission is established to identify policies to achieve fiscal sustainability and balance the federal budget (excluding interest payments) within 10 years.
The Commission is required to propose recommendations addressing the growth of entitlement spending and the gap between projected revenues and expenditures.
The Commission's final reform package is subject to an expedited, non-amendable vote in Congress, forcing a quick up-or-down decision on the entire plan.
The President must publicly state support or opposition to the proposed reform package within 60 days of receiving the final report.
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Additional Information
Print number: 118_S_743
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2023-03-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Sustainable Budget Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_743.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-09.

What are the main provisions?

Key points include:

  • A bipartisan 18-member Commission is established to identify policies to achieve fiscal sustainability and balance the federal budget (excluding interest payments) within 10 years.
  • The Commission is required to propose recommendations addressing the growth of entitlement spending and the gap between projected revenues and expenditures.
  • The Commission's final reform package is subject to an expedited, non-amendable vote in Congress, forcing a quick up-or-down decision on the entire plan.
  • The President must publicly state support or opposition to the proposed reform package within 60 days of receiving the final report.
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 2025-12-27.

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