SAFE Commission Act
Latest action · Jan 16, 2007 Read twice and referred to the Committee on the Budget.
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 SenateNot reached
- Passed HouseNot 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 1
Members who signed on, in the order they did. All signed on Feb 12, 2007.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Johnny Isakson | Feb 12, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Budget Committee | Referred Jan 16, 2007 |
Actions 3
Everything that happened, newest first.
- Jan 16, 2007Introduced in Senate
- Jan 16, 2007Sponsor introductory remarks on measure. (CR S599-600)
- Jan 16, 2007Read twice and referred to the Committee on the Budget.
In the Congressional Record 5
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S5579 | George V. Voinovich R-OH | Jun 12, 2008 |
| Senate | Debate and remarks S3073 | George V. Voinovich R-OH | Apr 16, 2008 |
| Senate | Debate and remarks S1592 | George V. Voinovich R-OH | Mar 5, 2008 |
| Senate | Debate and remarks S13310 | George V. Voinovich R-OH | Oct 24, 2007 |
| Senate | Debate and remarks S600 | George V. Voinovich R-OH | Jan 16, 2007 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R40986 | Proposals for a Commission to Address the Federal Government’s Long-Term Fiscal Situation Archived | Report | Dec 14, 2009 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 473 | SAFE Commission Act | Related bill | Mar 20, 2007 |
Titles 3
Every title it has carried, official and short, at each stage.
- 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.
- Short Titles as Introduced
- SAFE Commission Act
- Securing America's Future Economy Commission Act
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 Senate
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
