HR 5779
Fiscal Commission Act of 2023
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- Passed House
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Bill overview
This bill establishes a Fiscal Commission to address the nation’s long-term fiscal challenges. The commission’s primary goal is to identify policies aimed at improving the fiscal situation, stabilizing the debt-to-GDP ratio, and ensuring the solvency of federal trust funds. It would require the commission to produce a detailed report and legislative language, subject to approval by a majority of its members, with the aim of presenting concrete proposals for fiscal reform. The bill also outlines expedited procedures for considering any legislation stemming from the commission’s work.
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