H.R. 6927 Congress 118 session
Debt Commission Act of 2024
Debt Commission Act of 2024 This bill establishes a debt commission within Congress, comprised of Members of Congress. The debt commission shall identify policies to (1) achieve a sustainable ratio of federal debt to gross domestic product, (2) improve the long-term solvency of federal programs funded through trust funds, and (3) enhance the fiscal oversight function of Congress. The debt commission must submit a report and legislative language to carry out its recommendations. The Congressional Budget Office must provide specified economic and budgetary estimates of the commission's legislative language. Congress shall consider bills submitted by the debt commission in an expedited manner.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
In committee — last recorded action January 9, 2024
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.
Passage likelihood
3% Much lower than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Referred to committee.
- Days without action No recorded action in 974 days.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- 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.
- 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.
- Introduced in House
- Introduced in House