HR 3289
Fiscal Commission Act
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- Passed House
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- Became Law
Bill overview
This bill establishes the Fiscal Commission Act, creating a bipartisan commission within Congress to address long-term fiscal responsibility and reform. The commission’s goals include educating the public about the nation’s fiscal path, identifying policies to reduce the debt and deficit, and achieving a sustainable ratio of the public debt to GDP. It also aims to improve the solvency of trust fund programs and requires the commission to develop and submit implementing legislation. Finally, the bill outlines expedited procedures for considering legislation approved by the commission.
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