SAFE Commission Act
Latest action · Mar 20, 2007 Sponsor introductory remarks on measure. (CR H2674, E587-588)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 16, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 35
Members who signed on, in the order they did. Signatures ran from Jan 16, 2007 to Jul 25, 2007, with 4 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Howard Coble | Original | Jan 16, 2007 |
| R-TX | John Abney Culberson | Original | Jan 16, 2007 |
| R-OH | Patrick J. Tiberi | Original | Jan 16, 2007 |
| R-NC | Sue Wilkins Myrick | Original | Jan 16, 2007 |
| R-CT | Christopher Shays | Jan 17, 2007 | |
| R-VA | Bob Goodlatte | Jan 23, 2007 | |
| R-VA | Jo Ann Davis | Jan 24, 2007 | |
| R-CA | Howard P. "Buck" McKeon | Jan 30, 2007 | |
| R-OK | Tom Cole | Feb 5, 2007 | |
| R-MI | Vernon J. Ehlers | Feb 5, 2007 | |
| R-NE | Jeff Fortenberry | Feb 6, 2007 | |
| R-PA | Jim Gerlach | Feb 6, 2007 | |
| R-NJ | Scott Garrett | Feb 8, 2007 | |
| D-GA | Henry C. "Hank" Johnson, Jr. | Feb 13, 2007 | |
| R-TX | Jeb Hensarling | Feb 28, 2007 |
Actions 7
Everything that happened, newest first.
- Mar 20, 2007Sponsor introductory remarks on measure. (CR H2674, E587-588)
- Mar 5, 2007Sponsor introductory remarks on measure. (CR E461)
- Jan 19, 2007Sponsor introductory remarks on measure. (CR E161-162)
- Jan 16, 2007Introduced in House
- Jan 16, 2007Referred 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.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 304 | SAFE Commission Act | Related bill | Jan 16, 2007 |
| HR 3654 | SAFE Commission Act | Identical bill | Jun 24, 2008 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Balance of payments
- Budget deficits
- Budget resolutions
- Congress
- Congressional committees (House)
- Congressional committees (Senate)
- Congressional Record
- Congressional reporting requirements
- Congressional voting
- Cost accounting
- Economic growth
- Economic impact statements
- Economics and Public Finance
- Entitlements
- Expedited congressional procedure
- Federal advisory bodies
- Federal budget process
- Federal budgets
- Finance and Financial Sector
- Fiscal policy
- Foreign investments
- Foreign Trade and International Finance
- 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
Text 1
Each version as it was printed, newest first.
- Jan 16, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.