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United States · Bill · S

S. 1860 (100th)

A bill to establish a Commission on National Debt Reduction and to examine the importance of savings to economic growth and stability, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

10 November 1987

Last action

10 November 1987 · Introduced

Status

Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days of continuous session to report or be discharged.

Sponsors

Sen. Murkowski, Frank H. [R-AK]

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceView documentsShare

Summary

Establishes the Commission on National Debt Reduction, Savings, and Economic Reform. Specifies the composition of the Commission and the term of office and compensation of members. Declares that the duties of the Commission are to conduct a study and review of, and to make recommendations regarding, the causes and elimination of the national debt and budget deficit. Requires such study to include: (1) an analysis of the causes of the national debt and budget deficit; (2) an evaluation of alternative solutions to reducing the debt and deficit, including the encouragement of savings and capital formation; (3) fiscal, economic, and tax policy recommendations; and (4) specific methods for implementing such recommendations. Directs the Commission to solicit public, private, and academic comment. Requires that the Commission submit to the President and the Congress a final report within 12 months of the appointment of all Commission members, and that the Commission cease to exist at such time. Authorizes appropriations.

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

Timeline

  1. 10 November 1987

    Introduced

    Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days of continuous session to report or be discharged.

    Source: IntroReferral

  2. 10 November 1987

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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