Presidential Documents

7927 

Federal Register 

Vol. 75, No. 35 

Tuesday, February 23, 2010 

Title 3— 

The President 

Executive Order 13531 of February 18, 2010 

National Commission on Fiscal Responsibility and Reform 

By the authority vested in me as President by the Constitution and the 

laws of the United States of America, it is hereby ordered as follows: 

Section 1. Establishment. There is established within the Executive Office 

of the President the National Commission on Fiscal Responsibility and Reform (Commission). 

Sec. 2. Membership. The Commission shall be composed of 18 members 

who shall be selected as follows: 

(a) six members appointed by the President, not more than four of whom 

shall be from the same political party; 

(b) three members selected by the Majority Leader of the Senate, all 

of whom shall be current Members of the Senate; 

(c) three members selected by the Speaker of the House of Representatives, 

all of whom shall be current Members of the House of Representatives; 

(d) three members selected by the Minority Leader of the Senate, all 

of whom shall be current Members of the Senate; and 

(e) three members selected by the Minority Leader of the House of Representatives, all of whom shall be current Members of the House of Representatives. 

Sec. 3. Co-Chairs. From among his appointees, the President shall designate 

two members, who shall not be of the same political party, to serve as 

Co-Chairs of the Commission. 

Sec. 4. Mission. The Commission is charged with identifying policies to 

improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments 

on the debt, by 2015. This result is projected to stabilize the debt-to-GDP 

ratio at an acceptable level once the economy recovers. The magnitude 

and timing of the policy measures necessary to achieve this goal are subject 

to considerable uncertainty and will depend on the evolution of the economy. 

In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address 

the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government. 

Sec. 5. Reports. (a) No later than December 1, 2010, the Commission shall 

vote on the approval of a final report containing a set of recommendations 

to achieve the mission set forth in section 4 of this order. 

(b) The issuance of a final report of the Commission shall require the 

approval of not less than 14 of the 18 members of the Commission. 

Sec. 6. Administration. (a) Members of the Commission shall serve without 

any additional compensation, but shall be allowed travel expenses, including 

per diem in lieu of subsistence, as authorized by law for persons serving 

intermittently in Government service (5 U.S.C. 5701–5707), consistent with 

the availability of funds. 

(b) The Commission shall have a staff headed by an Executive Director. 

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7928 Federal Register / Vol. 75, No. 35 / Tuesday, February 23, 2010 / Presidential Documents 

Sec. 7. General. (a) The Commission shall terminate 30 days after submitting 

its final report. 

(b) Nothing in this order shall be construed to impair or otherwise affect: 

(i) authority granted by law to an executive department, agency, or the 

head thereof; or 

(ii) functions of the Director of the Office of Management and Budget 

relating to budgetary, administrative, or legislative proposals. 

(c) This order is not intended to, and does not, create any right or benefit, 

substantive or procedural, enforceable at law or in equity by any party 

against the United States, its departments, agencies, or entities, its officers, 

employees, or agents, or any other person. 

THE WHITE HOUSE, 

February 18, 2010. 

[FR Doc. 2010–3725 

Filed 2–22–10; 8:45 am] 

Billing code 3195–W0–P 


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