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Fiscal Commission Act: Plan for US Financial Stability

This act establishes a special commission to analyze the nation's financial health and propose solutions to reduce public debt. The goal is to ensure long-term financial stability, which could impact taxes, benefits, and the overall economy, thus affecting every citizen's daily life.
Key points
Creation of a Fiscal Commission to educate the public about the nation's financial state and debt risks.
The Commission will identify policies to reduce public debt to no more than 100% of GDP by fiscal year 2039 and improve the solvency of federal programs.
Legislative changes proposed by the commission will undergo an expedited voting process in Congress, without amendments.
The commission will consist of members of Congress and outside experts, with its work being public, including nationwide hearings.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3289
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2025-05-08
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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

Fiscal Commission Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3289.

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 2025-05-08.

What are the main provisions?

Key points include:

  • Creation of a Fiscal Commission to educate the public about the nation's financial state and debt risks.
  • The Commission will identify policies to reduce public debt to no more than 100% of GDP by fiscal year 2039 and improve the solvency of federal programs.
  • Legislative changes proposed by the commission will undergo an expedited voting process in Congress, without amendments.
  • The commission will consist of members of Congress and outside experts, with its work being public, including nationwide hearings.
What is the specific legal status?

The current status is Introduced.

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. Huizenga, Bill [R-MI-4].

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 2025-12-22.

CATEGORIES

Economy Public Investments Taxes