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HR 6927 118th Congress House Congress

Debt Commission Act of 2024

Introduced: January 9, 2024 Introduced by: Spartz, Victoria Republican · Indiana 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
Jan 9, 2024
Introduced in House
Jan 9, 2024
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
 Plain-English summary Congressional Research Service

Debt Commission Act of 2024

This bill establishes a debt commission within Congress, comprised of Members of Congress. The debt commission shall identify policies to (1) achieve a sustainable ratio of federal debt to gross domestic product, (2) improve the long-term solvency of federal programs funded through trust funds, and (3) enhance the fiscal oversight function of Congress.

The debt commission must submit a report and legislative language to carry out its recommendations. The Congressional Budget Office must provide specified economic and budgetary estimates of the commission's legislative language. Congress shall consider bills submitted by the debt commission in an expedited manner.

What's happening now January 9, 2024

Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Committees of jurisdiction 2