3.0.0 304 2023-01-11T20:05:34Z 2023-01-11T20:05:34Z Senate S S 2007-01-16 110 ssbu00 Budget Committee Senate Standing Referred to 2007-01-16T21:58:05Z Securing America's Future Economy Commission Act 110 473 HR 2007-03-20 Sponsor introductory remarks on measure. (CR H2674, E587-588) Related bill CRS 2007-01-16 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2007-01-16 Sponsor introductory remarks on measure. (CR S599-600) IntroReferral B00100 9 Library of Congress 2007-01-16 Introduced in Senate IntroReferral 10000 9 Library of Congress V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. N I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2007-02-12 False Economics and Public Finance Balance of payments Budget deficits Budget resolutions Congress Congressional Record Congressional committees (House) Congressional committees (Senate) Congressional reporting requirements Congressional voting Cost accounting Economic growth Economic impact statements Entitlements Expedited congressional procedure Federal advisory bodies Federal budget process Federal budgets Finance and Financial Sector Fiscal policy Foreign Trade and International Finance Foreign investments Government Operations and Politics Government securities Government spending reductions Gross national product House Budget House rules and procedure Legislation Legislative amendments Legislative resolutions Public debt Public meetings Saving and investment Senate Budget Senate rules and procedure Social Welfare Taxation Economics and Public Finance 00 2007-01-16 Introduced in Senate 2007-02-01T17:15:54Z 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.

]]> SAFE Commission Act Official Title as Introduced A bill to establish a commission to develop legislation designed to reform tax policy and entitlement benefit programs and to ensure a sound fiscal future for the United States, and for other purposes. Introduced in Senate IS Display Title SAFE Commission Act Short Titles as Introduced SAFE Commission Act Short Titles as Introduced Securing America's Future Economy Commission Act Introduced in Senate 2007-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s304is/xml/BILLS-110s304is.xml 2007-01-16 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.