Referred to the Committee on Ways and Means, 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.
This bill establishes a bipartisan commission of 13 members tasked with developing recommendations to ensure Social Security's financial solvency for at least 75 years. The commission will be composed of appointees from congressional leaders, the President, and key congressional committees, with at least one member from each party being an outside expert rather than a government official. Within one year of its first meeting, the commission must submit proposed legislation to Congress that is approved by at least nine members. The bill authorizes up to $2 million in funding and creates an expedited legislative process that allows Congress to consider the commission's recommendations with limited debate and no amendments, though approval still requires normal passage votes in both chambers. The commission will disband within 60 days after submitting its report.
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