A bill to establish a Commission on National Debt Reduction and to examine the importance of savings to economic growth and stability, and for other purposes.
Latest action. Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days of continuous session to report or be discharged.
Establishes the Commission on National Debt Reduction, Savings, and Economic Reform. Specifies the composition of the Commission and the term of office and compensation of members. Declares that the duties of the Commission are to conduct a study and review of, and to make recommendations regarding, the causes and elimination of the national debt and budget deficit. Requires such study to include: (1) an analysis of the causes of the national debt and budget deficit; (2) an evaluation of alternative solutions to reducing the debt and deficit, including the encouragement of savings and capital formation; (3) fiscal, economic, and tax policy recommendations; and (4) specific methods for implementing such recommendations. Directs the Commission to solicit public, private, and academic comment. Requires that the Commission submit to the President and the Congress a final report within 12 months of the appointment of all Commission members, and that the Commission cease to exist at such time. Authorizes appropriations.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on November 10, 1987. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on November 10, 1987: Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days of continuous session to report or be discharged.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 100th Congress (1987-88), 713 of the 9,582 bills and joint resolutions introduced became law, about 7.4 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
FRANK MURKOWSKI (R-AK) introduced it on November 10, 1987. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on November 10, 1987, 14184 days ago. The most recent recorded action was 14184 days ago, on November 10, 1987.
Measures do not carry over. Anything the 100th Congress has not finished by January 3, 1989 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers