Fiscal Commission Act

This bill would create a 16-member Fiscal Commission in Congress, made up of 12 members of Congress and 4 nonvoting outside experts appointed by the leaders of both parties in the House and Senate. The commission would identify policies to reduce federal debt and deficits, including bringing the ratio of public debt to the size of the economy to no more than 100 percent by fiscal year 2039. Between November 4 and November 13, 2026 (or by April 13, 2027, if extended), it would vote on a report and legislative language, which would need a majority vote that includes at least 2 members appointed by each major party. If approved, the legislation would get a fast-track vote in both chambers of Congress with no amendments allowed. The commission would also hold at least 6 hearings, run a national public awareness campaign on the nation's finances, and end no later than May 17, 2027.

Full text and official record on Congress.gov

Sponsors

• John R. Curtis Republican sponsor
• 9 cosponsors