H.R.489 - Commission On Reforming Entitlement Spending Act110th Congress (2007-2008)
|Sponsor:||Rep. McHenry, Patrick T. [R-NC-10] (Introduced 01/16/2007)|
|Committees:||House - Budget; Rules|
|Latest Action:||01/16/2007 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.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.489 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (01/16/2007)
Commission On Reforming Entitlement Spending Act, or CORE Spending Act - Establishes the Commission On Reforming Entitlement Spending to examine the long-term fiscal challenges facing the United States and develop legislation designed to address them.
Authorizes the President and the House or Senate Budget Committee to submit alternatives to the legislative proposal submitted by the Commission.
Requires the Director of the Congressional Budget Office (CBO) to prepare a long-term cost estimate of legislation proposed under this Act or a related amendment, and have it published in the Congressional Record as expeditiously as possible.