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Sustainable Budget Act of 2023

Introduced: March 9, 2023 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
Mar 9, 2023
Read twice and referred to the Committee on the Budget.
Mar 9, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Sustainable Budget Act of 2023

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; 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 March 9, 2023

Read twice and referred to the Committee on the Budget.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2