3.0.0 1056 2023-01-11T13:19:01Z 2023-01-11T13:19:01Z Senate S S 2009-05-14 111 ssbu00 Budget Committee Senate Standing Referred to 2009-05-14T22:04:40Z SAFE Commission Act 111 1557 HR 2009-03-17 Referred to House Rules Related bill CRS 2009-05-14 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2009-05-14 Introduced in Senate IntroReferral 10000 9 Library of Congress V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. N L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2009-05-14 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2009-05-14 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2009-08-05 False C001071 Sen. Corker, Bob [R-TN] Bob Corker R TN 2009-09-16 False N000180 Sen. Nelson, Ben [D-NE] E. Nelson D NE Benjamin 2009-09-16 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2009-10-15 False R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2009-10-15 False S000709 Sen. Specter, Arlen [D-PA] ARLEN SPECTER D PA 2009-11-04 False G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2009-11-04 False Economics and Public Finance Accounting and auditing Advisory bodies Budget deficits and national debt Budget process Economic performance and conditions Financial services and investments Government information and archives Legislative rules and procedure Medicare Poverty and welfare assistance Public participation and lobbying Securities Social security and elderly assistance Tax administration and collection, taxpayers U.S. and foreign investments Economics and Public Finance 00 2009-05-14 Introduced in Senate 2009-06-25T15:22:42Z 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) hold at least one town-hall style public hearing within each federal reserve district; and (2) develop one or two methods for estimating the cost of legislation as a supplement to the estimates and assumptions provided by the Congressional Budget Office (CBO).

Requires the Commission to submit a legislative proposal to Congress and the President that relies on such estimates and assumptions.

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 Display Title 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 ensure a sound fiscal future for the United States, and for other purposes. Introduced in Senate IS Short Titles as Introduced SAFE Commission Act Short Titles as Introduced Securing America's Future Economy Commission Act Introduced in Senate 2009-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1056is/xml/BILLS-111s1056is.xml 2009-05-14 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.