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Sustainable Budget Act of 2023

USA118th CongressS-743| Senate 
| Updated: 3/9/2023
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (4)
Mike Braun (Republican)Joe Manchin (Independent)Mike Rounds (Republican)Kevin Cramer (Republican)

Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 117-1174
Sustainable Budget Act of 2021
Mar 9, 2023
Introduced in Senate
Mar 9, 2023
Read twice and referred to the Committee on the Budget.
Nov 29, 2023

Latest Companion Bill Action

HR 118-710
Committee Hearings Held
  • Bill from Previous Congress

    S 117-1174
    Sustainable Budget Act of 2021


  • March 9, 2023
    Introduced in Senate


  • March 9, 2023
    Read twice and referred to the Committee on the Budget.


  • November 29, 2023

    Latest Companion Bill Action

    HR 118-710
    Committee Hearings Held

Economics and Public Finance

Related Bills

  • HR 118-710: Sustainable Budget Act of 2022
Advisory bodiesBudget deficits and national debtBudget processCongressional operations and organizationCongressional oversightGovernment information and archivesGovernment studies and investigationsHouse of RepresentativesLegislative rules and procedurePresidents and presidential powers, Vice PresidentsSenate

Sustainable Budget Act of 2023

USA118th CongressS-743| Senate 
| Updated: 3/9/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-1174
Sustainable Budget Act of 2021
Mar 9, 2023
Introduced in Senate
Mar 9, 2023
Read twice and referred to the Committee on the Budget.
Nov 29, 2023

Latest Companion Bill Action

HR 118-710
Committee Hearings Held
  • Bill from Previous Congress

    S 117-1174
    Sustainable Budget Act of 2021


  • March 9, 2023
    Introduced in Senate


  • March 9, 2023
    Read twice and referred to the Committee on the Budget.


  • November 29, 2023

    Latest Companion Bill Action

    HR 118-710
    Committee Hearings Held
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (4)
Mike Braun (Republican)Joe Manchin (Independent)Mike Rounds (Republican)Kevin Cramer (Republican)

Budget Committee

Economics and Public Finance

Related Bills

  • HR 118-710: Sustainable Budget Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Advisory bodiesBudget deficits and national debtBudget processCongressional operations and organizationCongressional oversightGovernment information and archivesGovernment studies and investigationsHouse of RepresentativesLegislative rules and procedurePresidents and presidential powers, Vice PresidentsSenate