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Sustainable Budget Act of 2021

Introduced: April 15, 2021 Introduced by: Lummis, Cynthia M. Republican · Wyoming See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Read twice and referred to the Committee on the Budget.
Apr 15, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Sustainable Budget Act of 2021

This bill establishes the National Commission on Fiscal Responsibility and Reform within the legislative branch to identify policies to improve the fiscal situation in the medium term and achieve fiscal sustainability over the long term.

The commission must propose recommendations that (1) are designed to balance the budget, excluding interest payments on the debt, within 10 years in order to stabilize the ratio of the public debt to gross domestic product at an acceptable level; and (2) meaningfully improve the long-term fiscal outlook, including changes to address the growth of entitlement spending and the gap between projected federal revenues and expenditures.

Congress must consider the commission's recommendations using specified expedited legislative procedures.

What's happening now April 15, 2021

Read twice and referred to the Committee on the Budget.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4