Creates Commission to Balance Federal Budget
Official: Sustainable Budget Act of 2025
This bill creates a national commission to find ways to balance the federal budget and improve financial stability over time.
Sustainable Budget Act of 2025This 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.
1. The bill sets up a new commission to improve the country's financial situation. 2. This commission will have 18 members, including appointments from both political parties. 3. Members will focus on balancing the budget within ten years, excluding interest payments. 4. The commission will also address long-term spending and revenue gaps for the Federal Government. 5. It must submit a final report with recommendations within one year of its formation.
This bill affects taxpayers and government officials who rely on federal funding and services.