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.
H.R. 3289 creates a 16-member bipartisan Fiscal Commission charged with developing policies to reduce federal debt to 100% of gross domestic product by 2039 and improving the government's long-term financial health. The commission must deliver a final report with legislative recommendations by November 2026 (potentially extended to April 2027) and conduct a national public awareness campaign, with approval required from a majority that includes members from both parties. The bill mandates at least six public hearings across the country with advance notice requirements, and establishes an expedited legislative process allowing commission-approved bills to move quickly through both chambers with limited debate and no amendments permitted. The Senate provisions streamline consideration when House bills match previously passed Senate versions and limit debate on presidential vetoes, while commission operations are funded equally from House and Senate appropriations. These congressional procedures can be modified by either chamber at any time.
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