Securing America's Future Economy Commission Act

To establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and ensure a sound fiscal future for the United States, and for other purposes.

1/16/2007--Introduced.
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.


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Sponsor

• Rep. Frank Wolf [R, VA-10]
• and 35 Co-Sponsors
  • Rep. James Barrett [R, SC-3]
  • Rep. John Boehner [R, OH-8]
  • Rep. Michael Castle [R, DE-0]
  • Rep. Howard Coble [R, NC-6]
  • Rep. Tom Cole [R, OK-4]
  • Rep. John Culberson [R, TX-7]
  • Rep. Jo Ann Davis [R, VA-1]
  • Rep. John Duncan [R, TN-2]
  • Rep. Vernon Ehlers [R, MI-3]
  • Rep. Jo Ann Emerson [R, MO-8]
  • Rep. James Forbes [R, VA-4]
  • Rep. Jeffrey Fortenberry [R, NE-1]
  • Rep. E. Scott Garrett [R, NJ-5]
  • Rep. Jim Gerlach [R, PA-6]
  • Rep. Robert Goodlatte [R, VA-6]
  • Rep. Dean Heller [R, NV-2]
  • Rep. Jeb Hensarling [R, TX-5]
  • Rep. Henry Johnson [D, GA-4]
  • Rep. Samuel Johnson [R, TX-3]
  • Rep. Jack Kingston [R, GA-1]
  • Rep. John Kuhl [R, NY-29]
  • Rep. Ray LaHood [R, IL-18]
  • Rep. Donald Manzullo [R, IL-16]
  • Rep. Howard McKeon [R, CA-25]
  • Rep. Cathy McMorris Rodgers [R, WA-5]
  • Rep. John Mica [R, FL-7]
  • Rep. Jeff Miller [R, FL-1]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Mike Pence [R, IN-6]
  • Rep. Todd Platts [R, PA-19]
  • Rep. Bill Sali [R, ID-1]
  • Rep. Christopher Shays [R, CT-4]
  • Rep. Clifford Stearns [R, FL-6]
  • Rep. Patrick Tiberi [R, OH-12]
  • Rep. Zach Wamp [R, TN-3]
  close

Committees

• House Rules
• 1 more
  • House Budget
  close

Amendments

This bill has no amendments.

Amendments to H.R.473

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
January 16, 2007

Show All Actions (14 actions)Hide Actions

All Bill Actions

• Mar 20, 2007: Sponsor introductory remarks on measure. (CR H2674, E587-588)
• Mar 20, 2007: Introductory remarks on measure. (CR H2674, E587-588)
• Mar 05, 2007: Sponsor introductory remarks on measure. (CR E461)
• Mar 05, 2007: Introductory remarks on measure. (CR E461)
• Jan 19, 2007: Sponsor introductory remarks on measure. (CR E161-162)
• Jan 19, 2007: Introductory remarks on measure. (CR E161-162)
• Jan 16, 2007: Referred to House Rules
• Jan 16, 2007: Referred to House Budget
• Jan 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.
• Jan 16, 2007: Sponsor introductory remarks on measure. (CR E116-118)
• Introduced on Jan 16, 2007.
• Jan 16, 2007: Introductory remarks on measure. (CR E116-118)
• Jan 12, 2007: Sponsor introductory remarks on measure. (CR H495-496, E88-90, E94-95)
• Jan 12, 2007: Introductory remarks on measure. (CR H495-496, E88-90, E94-95)

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Related Bills:

• S.304
• H.R.3654

Related Issue Areas:

• Budgets
• Balance of payments
• Budget deficits
• Budget resolutions
• 37 more
• Congress
• Congressional Record
• Congressional committees (House)
• Congressional committees (Senate)
• Congressional reporting requirements
• Congressional voting
• Cost accounting
• Economic growth
• Economic impact statements
• Economic policy
• Entitlements
• Executive departments
• Expedited congressional procedure
• Federal advisory bodies
• Federal budget process
• Federal budgets
• Finance
• Fiscal policy
• Foreign investments
• Government information
• Government securities
• Government spending reductions
• Gross national product
• House Budget
• House rules and procedure
• International finance
• Legislation
• Legislative amendments
• Legislative resolutions
• Public debt
• Public meetings
• Saving and investment
• Senate Budget
• Senate rules and procedure
• Taxation
• Trade
• Welfare

Data from the Congressional Research Service

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Blog Coverage

June 28, 2008 Comment on Maybe “SAFE” Is Considered Code for “Destroy”? by M ...

Mrs. Rogers (economistmom), thanks for raising my awareness about HR 473/3654. I noticed that my congressman is not one of the co-sponsors and have already dropped him a note to encourage that to change.

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June 27, 2008 Safe

... opportunities to begin healing animosities between certain Western countries and the developing world This week the House Budget Committee held a hearing on the “Securing America’s Future Economy” (SAFE) Commission Act (HR 473), ...

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January 22, 2008 prom clutches

north carolina beach weekendrentals www jumpforfun benjamin franklin tech proposition hr 473 kids chatroom com harley davidson laced wheel worldleathermen todd rothe www trilogy pools dig specs www cabellashomefurnishings is it a weed ...

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