Sponsors (43)
Introduced May 8, 2025 by Bill Huizenga · Last progress May 8, 2025
The bill centralizes a faster, better‑resourced process to deliver CBO‑scored, actionable fiscal proposals and clarity on commission operations, but it does so by limiting floor amendments, shortening deliberations, and concentrating decision power — increasing the risk of politically shaped messaging and economically painful changes enacted with reduced oversight.
Taxpayers and the public will receive a CBO‑scored, evidence‑based report with implementing options released quickly (within 24 hours), providing clearer, actionable information to inform debate.
Taxpayers and beneficiaries could get concrete proposals aimed at reducing the deficit and improving trust‑fund solvency for at least 75 years, which could stabilize retirement and program predictability.
Stakeholders (including taxpayers and state governments) will face a faster, more predictable legislative timetable for enacting Fiscal Commission‑approved text, reducing delay and uncertainty about implementation.
Taxpayers, state governments, and the public will see major proposals processed with limited opportunity for floor amendment or extended debate, concentrating decision authority and reducing congressional and public input.
Households and beneficiaries could face tax increases or benefit cuts because deficit‑reduction pressure and enacted Commission text could include revenue rises or eligibility/benefit changes with limited amendment opportunity.
Taxpayers and state governments may get lower‑quality analysis because the Commission faces a short, fixed reporting window that can rush deliberation and reduce thoroughness of recommendations.
Based on analysis of 6 sections of legislative text.
Creates a temporary 16-member Congressional Fiscal Commission to produce implementable fiscal legislation and requires expedited, amendment-free floor consideration of that text.
Creates a 16-member Congressional Fiscal Commission to identify and recommend legislative changes to improve the federal government's long-term fiscal condition, including a target to reduce public debt to no more than 100% of GDP by FY2039 and to secure trust-fund solvency for at least 75 years. The Commission must hold hearings, get CBO estimates, produce a final report with legislative text in a narrow window in November 2026 (with a possible extension), run a public awareness campaign, and then terminate soon after submitting its report. Requires expedited, amendment-free floor procedures in both chambers for any implementing bill that contains only the Commission’s approved legislative text, sets funding to come equally from House and Senate internal accounts, and makes the Act’s procedural rules part of each House’s rules of proceeding.