HOUSE 6927118th CongressReferred 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.

Debt Commission Act of 2024

Last Action: 1/9/2024

Actions

2024-01-09Referred 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.
2024-01-09Referred 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.
2024-01-09Introduced in House
2024-01-09Introduced in House

CRS Summary

As of 2024-01-09 (00)

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.

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