Budgeting for a Better America Act

This bill, the Budgeting for a Better America Act, fundamentally changes how the federal government plans its spending by shifting the congressional budget process from an annual cycle to a biennial one, covering two consecutive fiscal years. It establishes a new National Commission on Fiscal Responsibility and Reform composed of 18 members from both political parties to propose specific policies that would reduce the federal deficit to 3% of the gross domestic product within a decade. The legislation also mandates that any joint resolution implementing the commission's recommendations be given expedited floor consideration in both the House and Senate without the possibility of amendment. Additionally, the bill requires the President to submit supplemental budget estimates annually, mandates a hearing on the nation's fiscal state, and ensures new members of Congress receive budgetary training before taking their seats.