Establishes a Fiscal Commission to identify policies for improving the federal government's fiscal condition.
The Fiscal Commission Act establishes a Fiscal Commission to identify policies for improving the federal government's fiscal condition. The Commission's goals include educating the public about the fiscal state of the nation and the cost of not addressing it. The Commission will propose recommendations to reduce the debt and deficit, limit discretionary appropriations, and address the gap between revenues and expenditures. The Commission will hold hearings and submit a report with legislative language to Congress. The Commission will terminate after submitting its report.
The filed bill text is too short for analysis.