Debt Commission Act of 2024
HR 6927 establishes a 16-member bipartisan Debt Commission within Congress to address federal debt sustainability. The commission, appointed equally by party leaders in both chambers, must identify policies to reduce the debt-to-GDP ratio, improve trust fund solvency, and reform budget processes by November 15, 2024. It will produce a final report with legislative recommendations, requiring bipartisan approval (at least 4 members from each party) before submission to Congress. Any bill based on the commission’s approved recommendations would receive expedited consideration in both chambers with no amendments allowed, aiming to fast-track debt-related legislation.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
President
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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Total actions
2
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0
Committee
1
Jan 9, 2024
Committee
Referred 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.
lower
Jan 9, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Victoria Spartz
RRepublican
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