H.R.1557 - SAFE 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. view all titles (4)
All Bill Titles
- Short: SAFE Commission Act as introduced.
- Short: Securing America's Future Economy Commission Act as introduced.
- Official: 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. as introduced.
- Official: SAFE Commission Act as introduced.
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Official Summary
3/17/2009--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 commiOfficial Summary
3/17/2009--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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Recent Blog Coverage
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H.R.1557: To provide the spouses and children of aliens who ...
Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub
Dru's Vues, too: Rep. Cooper Comments on Fiscal Commission Report
Cooper was an early advocate for a fiscal commission and introduced the SAFE Commission Act (H.R. 1557) with Representative Frank Wolf (R-VA) more than three years ago. The National Commission was modeled after the SAFE Commission Act. ...
Should America Get In Volde In The Afghanistan War
31 Jul 2010 Bilbray also lists HR 1557, the “Securing America's Future Economy Commission The impossible bill for World War I forced a desperate and fearful WikiLeaks has just published 92000 pages about the Afghanistan War, ...

U.S. Congress - H.R.1557 SAFE Commission Act



