Short title

This Act may be cited as the Commission On Reforming Entitlement Spending Act or the CORE Spending Act.

Establishment

There is established a commission to be known as the Commission On Reforming Entitlement Spending (hereinafter in this Act referred to as the Commission).

Duties of commission

(a)

Mandatory legislation development

(1)

Issues to address

The Commission shall examine the long-term fiscal challenges facing the United States and develop legislation designed to address the following issues: (A)The unsustainable imbalance between long-term Federal spending commitments and projected revenues. (B)Increasing net national savings to provide for domestic investment and economic growth. (C)The implications of foreign ownership of debt instruments issued by the United States Government. (D)Improving the budget process to place greater emphasis on long-term fiscal issues. (2)

Policy solutions

Legislation developed to address the issues described in paragraph (1) may include the following: (A)Reforms that limit the growth of entitlement spending to ensure that the programs are fiscally sustainable. (B)Reforms that strengthen the safety net functions of entitlement programs to provide assistance to the neediest people. (C)Incentives to increase private savings. (D)Automatic stabilizers or triggers to enforce spending and revenue targets. (E)Any other reforms designed to address the issues described in paragraph (1). (3)

Limitation

The legislation developed under this subsection may not include any new, or any increase in an existing, Federal tax. (b)

Optional development of cost estimate alternatives

The Commission shall by an affirmative vote of 5 members develop not more than 2 methods for estimating the cost of legislation as an alternative to the method currently used by the Congressional Budget Office. Any such alternative method must be designed to address any flaws in the method currently used with regard to estimating the positive economic effects of legislation.

Initial town hall style public hearings

(a)

In general

The Commission shall hold at least 1 town hall style public hearing within each Federal reserve district, and shall, to the extent feasible, ensure that there is broad public participation in the hearings. (b)

Hearing format

During each hearing, the Commission shall present to the public, and generate comments and suggestions regarding, the issues described in section 3, policies designed to address the issues, and tradeoffs between the policies.

Report

The Commission shall, not later than 180 days after the date of enactment of this Act, submit a report to Congress and the President containing the following: (1)A detailed description of the activities of the Commission. (2)A summary of comments and suggestions generated from the town hall style public hearings. (3)A detailed statement of any findings of the Commission as to public preferences regarding the issues, policies, and tradeoffs presented in the town hall style public hearings. (4)A detailed description of the long-term fiscal problems faced by the United States. (5)A list of policy options for addressing those problems. (6)Criteria for the legislative proposal to be developed by the Commission.

Legislative proposal

(a)

In general

Not later than 60 days after the date the report is submitted under section 5 and by a vote of two-thirds of the members, the Commission shall submit a legislative proposal to Congress and the President designed to address the issues described section 3. (b)

Proposal requirements

The proposal must, to the extent feasible, be designed— (1)to achieve generational equity and long-term economic stability; (2)to address the comments and suggestions of the public; and (3)to meet the criteria set forth in the Commission report. (c)

Inclusion of cost estimate

The Commission shall submit with the proposal— (1)a long-term CBO cost estimate prepared under section 14 for the proposal; and (2)if an alternative cost estimate method is developed by the Commission, a 50-year cost estimate using such method.

Membership and meetings

(a)

In general

The Commission shall be composed of 15 voting members appointed pursuant to paragraph (1) and 2 nonvoting members described in paragraph (2). (1)

Voting Members

(A)The President shall appoint 3 members, one of which the President shall appoint as chairperson of the Commission. (B)The Speaker of the House of Representatives shall appoint 3 members. (C)The minority leader of the House of Representatives shall appoint 3 members. (D)The majority leader of the Senate shall appoint 3 members. (E)The minority leader of the Senate shall appoint 3 members. (2)

Nonvoting members

The Comptroller General of the United States and the Director of the Congressional Budget Office shall each be nonvoting members of the Commission and shall advise and assist at the request of the Commission. (b)

Limitation as to Members of Congress

Each appointing authority described in subsection (a)(1) who is a Member of Congress may only appoint 1 Member of Congress to the Commission. (c)

Date for original appointment

The appointing authorities described in subsection (a)(1) shall appoint the initial members of the Commission not later than 30 days after the date of enactment of this Act. (d)

Terms

(1)

In general

The term of each member is for the life of the Commission. (2)

Vacancies

A vacancy in the Commission shall be filled not later than 30 days after such vacancy occurs and in the manner in which the original appointment was made. (e)

Pay and Reimbursement

(1)

No compensation for members of commission

Except as provided in paragraph (2), a member of the Commission may not receive pay, allowances, or benefits by reason of their service on the Commission. (2)

Travel Expenses

Each member shall receive travel expenses, including per diem in lieu of subsistence under subchapter I of chapter 57 of title 5, United States Code. (f)

Meetings

The Commission shall meet upon the call of the chairperson or a majority of its voting members. (g)

Quorum

Six voting members of the Commission shall constitute a quorum, but a lesser number may hold hearings.

Director and staff of commission

(a)

Director

(1)

In general

Subject to subsection (c) and to the extent provided in advance in appropriation Acts, the Commission shall appoint and fix the pay of a director. (2)

Duties

The director of the Commission shall be responsible for the administration and coordination of the duties of the Commission and shall perform other such duties as the Commission may direct. (b)

Staff

In accordance with rules agreed upon by the Commission, subject to subsection (c), and to the extent provided in advance in appropriation Acts, the director may appoint and fix the pay of additional personnel. (c)

Applicability of certain civil service laws

The director and staff of the Commission may be appointed without regard to the provisions of title 5, United States Code, governing appointments in the competitive service, and may be paid without regard to the provisions of chapter 51 and subchapter III of chapter 53 of that title relating to classification and General Schedule pay rates, except that pay fixed under subsection (a) may not exceed $150,000 per year and pay fixed under subsection (b) may not exceed a rate equal to the daily equivalent of the annual rate of basic pay for level V of the Executive Schedule under section 5316 of title 5, United States Code. (d)

Detailees

Any Federal Government employee may be detailed to the Commission without reimbursement from the Commission, and such detailee shall retain the rights, status, and privileges of their regular employment without interruption. (e)

Experts and consultants

In accordance with rules agreed upon by the Commission and to the extent provided in advance in appropriation Acts, the director may procure the services of experts and consultants under section 3109(b) of title 5, United States Code, but at rates not to exceed the daily equivalent of the annual rate of basic pay for level V of the Executive Schedule under section 5316 of title 5, United States Code.

Powers of commission

(a)

Hearings and evidence

The Commission may, for the purpose of carrying out this Act, hold such hearings in addition to the town hall style public hearings, sit and act at such times and places, take such testimony, and receive such evidence as the Commission considers appropriate. The Commission may administer oaths or affirmations to witnesses appearing before it. (b)

Powers of members and agents

Any member or agent of the Commission may, if authorized by the Commission, take any action which the Commission is authorized to take under this section. (c)

Mails

The Commission may use the United States mails in the same manner and under the same conditions as other departments and agencies of the United States. (d)

Administrative support services

Upon the request of the Commission, the Administrator of General Services shall provide to the Commission, on a reimbursable basis, the administrative support services necessary for the Commission to carry out its responsibilities under this Act. (e)

Contract authority

To the extent provided in advance in appropriation Acts, the Commission may enter into contracts to enable the Commission to discharge its duties under this Act. (f)

Gifts

The Commission may accept, use, and dispose of gifts or donations of services or property.

10.

Termination

The Commission shall terminate 60 days after submitting its legislative proposal.

11.

Alternative legislative proposal of President

The President may, not later than 60 days after the Commission submits its legislative proposal, submit to Congress an alternative to the legislative proposal submitted by the Commission.

12.

Alternative legislative proposal of the Committee on the Budget

The Committee on the Budget of either House may, in consultation with the relevant committees of their respective House and not later than 60 days after the Commission submits its legislative proposal, have published in the Congressional Record an alternative to the legislative proposal submitted by the Commission.

13.

Consideration of legislation

(a)

Introduction

On the first legislative day after the Commission submits its legislative proposal, the Speaker of the House of Representatives and the Majority Leader of the Senate shall introduce (by request) the legislation submitted by the Commission. (b)

In the House of Representatives

(1)

Privileged consideration

In the House of Representatives, if a committee to which the legislation has been referred has not reported the legislation before the expiration of the 60-day period described in section 12, then— (A)that committee shall be discharged from consideration of the legislation; (B)the legislation shall be placed on the appropriate calendar; and (C)a motion to proceed to the consideration of the legislation is highly privileged and is not debatable. (2)

Amendments limited

(A)

In general

Except as provided in subparagraph (B), an amendment to the legislation may not be offered in the House of Representatives. (B)

Permitted amendments

(i)Any Member may offer, as an amendment in the nature of a substitute, the alternative legislative proposal submitted by the President. (ii)Any Member may offer, as an amendment in the nature of a substitute, the alternative legislative proposal submitted by the Commission. (iii)The chairman of the House Committee on the Budget may offer, as an amendment in the nature of a substitute, the alternative legislative proposal published in the Congressional Record by the House Committee on the Budget. (C)

Points of order

An amendment offered under subparagraph (B) is subject to a point of order if— (i)the amendment is not accompanied by a long-term CBO cost estimate of the amendment; or (ii)the long-term CBO cost estimate of the amendment exceeds the long-term CBO cost estimate of the legislative proposal submitted by the Commission. (D)

Multiple amendments

If more than one amendment is offered under this paragraph, then each amendment shall be considered separately, and the amendment receiving both a majority and the highest number of votes shall be the amendment adopted.

14.

Long-term CBO cost estimate

(a)

Preparation and submission

When the Commission, the President, or the chairman of the Committee on the Budget of either House submits a written request to the Director of the Congressional Budget Office for a long-term CBO cost estimate of legislation proposed under this Act or an amendment referred to in section 13(b)(2)(B), the Director shall prepare the estimate and have it published in the Congressional Record as expeditiously as possible. (b)

Content

A long-term CBO cost estimate shall include— (1)an estimate of the cost of each provision of the legislation or amendment for first fiscal year it would take effect and for each of the 50 fiscal years thereafter; and (2)a statement of any estimated future costs not reflected by the estimate described in paragraph (1).