S.2965 - Commission for Fiscal Sustainability Act of 2010111th Congress (2009-2010)
|Sponsor:||Sen. Ensign, John [R-NV] (Introduced 01/28/2010)|
|Committees:||Senate - Budget|
|Latest Action:||Senate - 01/28/2010 Read twice and referred to the Committee on the Budget. (All Actions)|
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Summary: S.2965 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in Senate (01/28/2010)
Commission for Fiscal Sustainability Act of 2010 - Amends the Congressional Budget Act of 1974 to establish in the legislative branch the Commission for Fiscal Sustainability to address, and report to the President, the Vice President, the Speaker of the House of Representatives, and the Majority and Minority Leaders of both chambers on, the nation's long-term fiscal imbalances, including federal expenditures and revenues and the current and long-term actuarial financial condition of the federal government.
Provides for expedited legislative consideration of the Commission's recommendations.
Requires the Commission to make recommendations that: (1) shall significantly improve the long-term fiscal imbalance of the federal governent solely through reductions in federal expenditures; and (2) shall not increase federal revenues through increased taxes.