SAFE Commission Act

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 January 2007

   Introduced

   Sponsor introductory remarks on measure. (CR H495-496, E88-90, E94-95)

   Source: IntroReferral

2. 16 January 2007

   Introduced

   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.

   Source: IntroReferral

3. 16 January 2007

   Introduced

   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.

   Source: IntroReferral

4. 16 January 2007

   Introduced

   Sponsor introductory remarks on measure. (CR E116-118)

   Source: IntroReferral

5. 16 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

6. 16 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

7. 19 January 2007

   Introduced

   Sponsor introductory remarks on measure. (CR E161-162)

   Source: IntroReferral

8. 5 March 2007

   Introduced

   Sponsor introductory remarks on measure. (CR E461)

   Source: IntroReferral

9. 20 March 2007

   Introduced

   Sponsor introductory remarks on measure. (CR H2674, E587-588)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 January 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 January 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 January 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 January 2007

  Open at official source

Sponsors

• Rep. Wolf, Frank R. [R-VA-10] · R · Sponsor
• PATRICK TIBERI · R · Sponsor
• Rep. Coble, Howard [R-NC-6] · R · Sponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Sponsor
• JOHN CULBERSON · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• ROBERT GOODLATTE · R · Cosponsor
• Rep. Davis, Jo Ann [R-VA-1] · R · Cosponsor
• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Cosponsor
• Tom Cole · R · Cosponsor
• Rep. Ehlers, Vernon J. [R-MI-3] · R · Cosponsor
• Jeff Fortenberry · R · Cosponsor
• Rep. Gerlach, Jim [R-PA-6] · R · Cosponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• Jeb Hensarling · R · Cosponsor
• Rep. Pence, Mike [R-IN-6] · R · Cosponsor
• JOHN DUNCAN · R · Cosponsor
• Rep. Sali, Bill [R-ID-1] · R · Cosponsor
• Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] · R · Cosponsor
• SAM JOHNSON · R · Cosponsor
• Rep. Boehner, John A. [R-OH-8] · R · Cosponsor
• Rep. LaHood, Ray [R-IL-18] · R · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Cathy Rodgers · R · Cosponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Cosponsor
• Rep. Stearns, Cliff [R-FL-6] · R · Cosponsor
• Rep. Castle, Michael N. [R-DE-At Large] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Cosponsor
• Sen. Heller, Dean [R-NV] · R · Cosponsor
• Rep. Kingston, Jack [R-GA-1] · R · Cosponsor
• Rep. Wamp, Zach [R-TN-3] · R · Cosponsor
• Rep. Mica, John L. [R-FL-7] · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Cosponsor
• · hsru00 · Standing
• · hsbu00 · Standing

Related records

• related to ← SAFE Commission Act
• related to ← SAFE Commission Act