US HB1557 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 17 2009 - 25% progression, died in committee
Action: 2009-03-17 - Referred to House Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 17 2009 - 25% progression, died in committee
Action: 2009-03-17 - Referred to House Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Securing America's Future Economy Commission Act or SAFE Commission Act - Establishes the Securing America's Future Economy (SAFE) Commission to develop legislation designed to address: (1) the unsustainable imbalance between long-term federal spending commitments and projected revenues; (2) increases in net national savings to provide for domestic investment and economic growth; (3) the implications of foreign ownership of federally issued debt instruments; and (4) revision of the budget process to place greater emphasis on long-term fiscal issues. Requires the Commission to: (1) develop one or two methods for estimating the cost of legislation as an alternative to the current Congressional Budget Office (CBO) method; and (2) hold at least one town-hall style public hearing within each federal reserve district. Requires the Commission to submit a legislative proposal to Congress and the President. Authorizes the President to submit to Congress an alternative proposal. Authorizes the Committee on the Budget of either chamber to publish its own alternative proposal in the Congressional Record. Sets forth procedures for consideration of such legislation. Requires CBO to prepare a long-term cost estimate and have it published in the Congressional Record as expeditiously as possible whenever requested to do so by the Commission, the President, or the chairman or ranking minority member of the Committee on the Budget of either chamber.
Title
SAFE Commission Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-03-17 | Referred to House Rules | |
2009-03-17 | Referred to House Budget | |
2009-03-17 | 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. |
Same As/Similar To
SB1056 (Related) 2009-05-14 - Read twice and referred to the Committee on the Budget.
Subjects
Accounting and auditing
Advisory bodies
Budget deficits and national debt
Budget process
Economic performance and conditions
Economics and public finance
Financial services and investments
Government information and archives
Legislative rules and procedure
Medicare
Poverty and welfare assistance
Public participation and lobbying
Securities
Social security and elderly assistance
Tax administration and collection, taxpayers
U.S. and foreign investments
Advisory bodies
Budget deficits and national debt
Budget process
Economic performance and conditions
Economics and public finance
Financial services and investments
Government information and archives
Legislative rules and procedure
Medicare
Poverty and welfare assistance
Public participation and lobbying
Securities
Social security and elderly assistance
Tax administration and collection, taxpayers
U.S. and foreign investments
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/1557/all-info |
Text | https://www.congress.gov/111/bills/hr1557/BILLS-111hr1557ih.pdf |