(B) consider the use of automatic stabi-
lizers or triggers to enforce spending and rev-
enue targets, in the event that policies based on 
the alternative method fail to achieve targets 
for outlays and revenues. 
(3) LIMITATION.—Any alternative developed 
pursuant to this subsection shall generally comply 
with subsections (b), (c), and (d) of section 14. 
SEC. 4. INITIAL TOWN HALL STYLE PUBLIC HEARINGS. 
(a) IN GENERAL.—The Commission shall hold at 
least 1 town hall style public hearing within each Federal 
reserve district, and shall, to the extent feasible, ensure 
that there is broad public participation in the hearings. 
(b) HEARING FORMAT.—During each hearing, the 
Commission shall present to the public, and generate com-
ments and suggestions regarding, the issues described in 
section 3, policies designed to address the issues, and 
tradeoffs between the policies. 
SEC. 5. REPORT. 
The Commission shall, not later than 1 year after the 
date of the enactment of this Act, submit a report to Con-
gress and the President containing the following: 
(1) A detailed description of the activities of the 
Commission. 
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(2) A summary of comments and suggestions 
generated from the town hall style public hearings. 
(3) A detailed statement of any findings of the 
Commission as to public preferences regarding the 
issues, policies, and tradeoffs presented in the town 
hall style public hearings. 
(4) A detailed description of the long-term fis-
cal problems faced by the United States. 
(5) A list of policy options for addressing those 
problems. 
(6) Criteria for the legislative proposal to be de-
veloped by the Commission. 
SEC. 6. LEGISLATIVE PROPOSAL. 
(a) IN GENERAL.—Not later than 60 days after the 
date the report is submitted under section 5 and by a vote 
of three-fourths of the members, the Commission shall 
submit a legislative proposal to Congress and the Presi-
dent designed to address the issues described section 3. 
(b) PROPOSAL REQUIREMENTS.—The proposal must, 
to the extent feasible, be designed— 
(1) to achieve generational equity and long-term 
economic stability; 
(2) to address the comments and suggestions of 
the public; and 
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(3) to meet the criteria set forth in the Com-
mission report. 
(c) INCLUSION OF COST ESTIMATE.—The Commis-
sion shall submit with the proposal— 
(1) a long-term CBO cost estimate prepared 
under section 14 for the proposal; and 
(2) if an alternative cost estimate method is de-
veloped by the Commission, a 50-year cost estimate 
using such method. 
SEC. 7. MEMBERSHIP AND MEETINGS. 
(a) IN GENERAL.—The Commission shall be com-
posed of 16 voting members appointed pursuant to para-
graph (1) and 2 nonvoting members described in para-
graph (2). 
(1) VOTING MEMBERS.—The Commission shall 
be composed of 16 voting members of whom— 
(A) one shall be the Director of the Office 
of Management and Budget; 
(B) one shall be the Secretary of the 
Treasury; 
(C) four shall be appointed by the Speaker 
of the House of Representatives; 
(D) three shall be appointed by the Minor-
ity Leader of the House of Representatives; 
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(E) four shall be appointed by the Majority 
Leader of the Senate; and 
(F) three shall be appointed by the Minor-
ity Leader of the Senate. 
(2) NONVOTING
MEMBERS.—The Comptroller 
General of the United States and the Director of the 
Congressional Budget Office shall each be nonvoting 
members of the Commission and shall advise and as-
sist at the request of the Commission. 
(3) CHAIR AND CO-CHAIR.—The President shall 
designate 2 co-chairpersons of the Commission from 
the members appointed under paragraph (1), one of 
whom must be a Republican and one of whom must 
be a Democrat. 
(b) LIMITATIONS AS TO MEMBERS OF CONGRESS.— 
(1) FOUR MEMBERS OF CONGRESS ON COMMIS-
SION.—Each appointing authority described in sub-
section (a)(1) who is a Member of Congress shall ap-
point 1 Member of Congress to the Commission but 
may not appoint more than 1 Member of Congress 
to the Commission. 
(2) CONTINUATION OF VOTING MEMBERSHIP.— 
In the case of an individual appointed pursuant to 
subsection (a)(1) who was appointed as a Member of 
Congress under paragraph (1), if such individual 
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ceases to be a Member of Congress, that individual 
shall cease to be a member of the Commission. 
(c) DATE FOR ORIGINAL APPOINTMENT.—The ap-
pointing authorities described in subsection (a)(1) shall 
appoint the initial members of the Commission not later 
than 30 days after the date of enactment of this Act. 
(d) TERMS.— 
(1) IN GENERAL.—The term of each member is 
for the life of the Commission. 
(2) VACANCIES.—A vacancy in the Commission 
shall be filled not later than 30 days after such va-
cancy occurs and in the manner in which the origi-
nal appointment was made. 
(e) PAY AND REIMBURSEMENT.— 
(1) NO COMPENSATION FOR MEMBERS OF COM-
MISSION.—Except as provided in paragraph (2), a 
member of the Commission may not receive pay, al-
lowances, or benefits by reason of their service on 
the Commission. 
(2) TRAVEL
EXPENSES.—Each member shall 
receive travel expenses, including per diem in lieu of 
subsistence under subchapter I of chapter 57 of title 
5, United States Code. 
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(f) MEETINGS.—The Commission shall meet upon 
the call of the chairperson or a majority of its voting mem-
bers. 
(g) QUORUM.—Six voting members of the Commis-
sion shall constitute a quorum, but a lesser number may 
hold hearings. 
SEC. 8. DIRECTOR AND STAFF OF COMMISSION. 
(a) DIRECTOR.— 
(1) IN
GENERAL.—Subject to subsection (c) 
and to the extent provided in advance in appropria-
tion Acts, the Commission shall appoint and fix the 
pay of a director. 
(2) DUTIES.—The director of the Commission 
shall be responsible for the administration and co-
ordination of the duties of the Commission and shall 
perform other such duties as the Commission may 
direct. 
(b) STAFF.—In accordance with rules agreed upon 
by the Commission, subject to subsection (c), and to the 
extent provided in advance in appropriation Acts, the di-
rector may appoint and fix the pay of additional personnel. 
(c) APPLICABILITY
OF CERTAIN CIVIL SERVICE 
LAWS.—The director and staff of the Commission may be 
appointed without regard to the provisions of title 5, 
United States Code, governing appointments in the com-
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petitive service, and may be paid without regard to the 
provisions of chapter 51 and subchapter III of chapter 53 
of that title relating to classification and General Schedule 
pay rates, except that pay fixed under subsection (a) may 
not exceed $150,000 per year and pay fixed under sub-
section (b) may not exceed a rate equal to the daily equiva-
lent of the annual rate of basic pay for level V of the Exec-
utive Schedule under section 5316 of title 5, United States 
Code. 
(d) DETAILEES.—Any Federal Government employee 
may be detailed to the Commission without reimbursement 
from the Commission, and such detailee shall retain the 
rights, status, and privileges of their regular employment 
without interruption. 
(e) EXPERTS
AND CONSULTANTS.—In accordance 
with rules agreed upon by the Commission and to the ex-
tent provided in advance in appropriation Acts, the direc-
tor may procure the services of experts and consultants 
under section 3109(b) of title 5, United States Code, but 
at rates not to exceed the daily equivalent of the annual 
rate of basic pay for level V of the Executive Schedule 
under section 5316 of title 5, United States Code. 
SEC. 9. POWERS OF COMMISSION. 
(a) HEARINGS
AND EVIDENCE.—The Commission 
may, for the purpose of carrying out this Act, hold such 
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hearings in addition to the town hall style public hearings, 
sit and act at such times and places, take such testimony, 
and receive such evidence as the Commission considers ap-
propriate. The Commission may administer oaths or affir-
mations to witnesses appearing before it. 
(b) POWERS OF MEMBERS AND AGENTS.—Any mem-
ber or agent of the Commission may, if authorized by the 
Commission, take any action which the Commission is au-
thorized to take under this section. 
(c) MAILS.—The Commission may use the United 
States mails in the same manner and under the same con-
ditions as other departments and agencies of the United 
States. 
(d) ADMINISTRATIVE SUPPORT SERVICES.—Upon 
the request of the Commission, the Administrator of Gen-
eral Services shall provide to the Commission, on a reim-
bursable basis, the administrative support services nec-
essary for the Commission to carry out its responsibilities 
under this Act. 
(e) CONTRACT AUTHORITY.—To the extent provided 
in advance in appropriation Acts, the Commission may 
enter into contracts to enable the Commission to discharge 
its duties under this Act. 
(f) GIFTS.—The Commission may accept, use, and 
dispose of gifts or donations of services or property. 
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SEC. 10. TERMINATION. 
The Commission shall terminate the earlier of— 
(1) 60 days after submitting its legislative pro-
posal; or 
(2) the date on which the Comptroller General 
of the United States determines and publishes in the 
Federal Register a statement that new legislation 
has been enacted that is estimated to reduce the fis-
cal gap by— 
(A) 1 percent of gross domestic product, 
measured over the 20-year period beginning 
with the first fiscal year after the date of enact-
ment of such legislation; and 
(B) 2 percent of gross domestic product, 
measured over the 50-year period beginning 
with the first fiscal year after the date of enact-
ment of such legislation. 
SEC. 11. ALTERNATIVE LEGISLATIVE PROPOSAL OF PRESI-
DENT. 
The President may, not later than 90 calendar days 
after the Commission submits its legislative proposal, sub-
mit to Congress an alternative to the legislative proposal 
submitted by the Commission. 
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SEC. 12. ALTERNATIVE LEGISLATIVE PROPOSAL FROM THE 
COMMITTEE ON THE BUDGET. 
(a) FROM COMMITTEE.—The Committee on the 
Budget of either House may, in consultation with the rel-
evant committees of their respective House and not later 
than 90 calendar days after the Commission submits its 
legislative proposal, have published in the Congressional 
Record an alternative to the legislative proposal submitted 
by the Commission. 
(b) FROM RANKING MEMBER OF THE COMMITTEE.— 
The ranking minority member of the Committee on the 
Budget of either House may, not later than 90 calendar 
days after the Commission submits its legislative proposal, 
have published in the Congressional Record an alternative 
to the legislative proposal submitted by the Commission. 
SEC. 13. CONSIDERATION OF LEGISLATION. 
(a) INTRODUCTION.—Not later than the fifth legisla-
tive day after the Commission submits its legislative pro-
posal, the majority leader of each House, or his designee, 
shall introduce (by request) the legislation submitted by 
the Commission. 
(b) IN THE HOUSE OF REPRESENTATIVES.— 
(1) 
PRIVILEGED
CONSIDERATION.—In 
the 
House of Representatives, the legislation shall be re-
ported to the Committee on the Budget, which shall 
report the bill without substantive revision. If the 
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Committee on the Budget has not reported the legis-
lation before the expiration of the 90-day period de-
scribed in section 12, then— 
(A) that committee shall be discharged 
from consideration of the legislation; 
(B) the legislation shall be placed on the 
appropriate calendar; and 
(C) a motion to proceed to the consider-
ation of the legislation shall be highly privileged 
and shall not be debatable, and a motion to re-
consider the vote by which the motion is dis-
posed of shall not be in order. 
(2) CONSIDERATION
CONSISTENT
WITH
CON-
GRESSIONAL BUDGET ACT.—Consideration of such 
legislation shall be pursuant to the procedures set 
forth in paragraphs (2), (5), and (6) of section 
305(a) of the Congressional Budget Act of 1974 to 
the extent not inconsistent with this Act. 
(3) AMENDMENTS LIMITED.— 
(A) IN GENERAL.—Except as provided in 
subparagraph (B), an amendment to the legis-
lation may not be offered in the House of Rep-
resentatives. 
(B) PERMITTED
AMENDMENTS.—(i) Any 
Member may offer, as an amendment in the na-
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ture of a substitute, the alternative legislative 
proposal submitted by the President. 
(ii) The chairman of the House Committee 
on the Budget may offer, as an amendment in 
the nature of a substitute, the alternative legis-
lative proposal published in the Congressional 
Record by the House Committee on the Budget. 
(iii) The ranking minority member of the 
House Committee on the Budget may offer, as 
an amendment in the nature of a substitute, 
the alternative legislative proposal published in 
the Congressional Record by such ranking mi-
nority member. 
(C) POINT OF ORDER.— 
(i) IN GENERAL.—An amendment of-
fered under subparagraph (B) is subject to 
a point of order if— 
(I) the amendment is not accom-
panied by a long-term CBO cost esti-
mate of the amendment or a long- 
term revenue estimate of the amend-
ment, which includes the information 
described in section 14, by the Joint 
Committee on Taxation; or 
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(II) it would increase the deficit 
or cause a deficit either for the period 
of the first 20 fiscal years beginning 
with the first fiscal year after the cur-
rent fiscal year or for the period of 
the first 50 fiscal years beginning 
with the first fiscal year after the cur-
rent fiscal year, as judged against the 
baseline. 
(ii) 
BASELINE.—For 
purposes 
of 
clause (i)(II), the baseline shall be cal-
culated using the assumption that the leg-
islation submitted by the Commission has 
been enacted into law, subject to the limi-
tation imposed by section 14(d). 
(iii) WAIVER.—A point of order raised 
under clause (i) may only be waived or sus-
pended in the House of Representatives by 
a resolution devoted solely to the subject of 
waiving that point of order. 
(D) MULTIPLE
AMENDMENTS.—If more 
than one amendment is offered under this para-
graph, then each amendment shall be consid-
ered separately, and the amendment receiving 
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both a majority and the highest number of 
votes shall be the amendment adopted. 
(4) TRANSMITTAL TO THE SENATE.—If the leg-
islation passed in the House of Representatives pur-
suant to this section, the Clerk of the House of Rep-
resentatives shall cause the legislation to be en-
grossed, certified, and transmitted to the Senate not 
later than 1 calendar day after the day on which the 
legislation is passed. Such legislation shall be re-
ferred to the Senate Committee on the Budget. 
(c) IN THE SENATE.— 
(1) AUTOMATIC DISCHARGE OF SENATE BUDG-
ET COMMITTEE.—If the Senate Committee on the 
Budget has not reported the legislation before the 
expiration of the 90-day period described in section 
12, then— 
(A) the committee shall be discharged from 
consideration of the legislation; and 
(B) a motion to proceed to the consider-
ation of the legislation is highly privileged and 
is not debatable. 
(2) CONSIDERATION.—Consideration of such 
legislation shall be pursuant to the procedures set 
forth in paragraphs (1), (2), (5), and (6) of section 
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305(b) of the Congressional Budget Act of 1974 to 
the extent not inconsistent with this Act. 
(3) AMENDMENTS LIMITED.— 
(A) IN GENERAL.—Except as provided in 
subparagraph (B), an amendment to the legis-
lation may not be offered in the Senate. 
(B) PERMITTED
AMENDMENTS.—(i) Any 
Member may offer, as an amendment in the na-
ture of a substitute, the alternative legislative 
proposal submitted by the President. 
(ii) The chairman of the Senate Committee 
on the Budget may offer, as an amendment in 
the nature of a substitute, the alternative legis-
lative proposal published in the Congressional 
Record by the Senate Committee on the Budg-
et. 
(iii) The ranking minority member of the 
Senate Committee on the Budget may offer, as 
an amendment in the nature of a substitute, 
the alternative legislative proposal published in 
the Congressional Record by such ranking mi-
nority member. 
(C) POINT OF ORDER.— 
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(i) IN GENERAL.—An amendment of-
fered under subparagraph (B) is subject to 
a point of order if— 
(I) the amendment is not accom-
panied by a long-term CBO cost esti-
mate of the amendment or a long- 
term revenue estimate of the amend-
ment, which includes the information 
described in section 14, by the Joint 
Committee on Taxation; or 
(II) it would increase the deficit 
or cause a deficit either for the period 
of the first 20 fiscal years beginning 
with the first fiscal year after the cur-
rent fiscal year or for the period of 
the first 50 fiscal years beginning 
with the first fiscal year after the cur-
rent fiscal year, as judged against the 
baseline. 
(ii) 
BASELINE.—For 
purposes 
of 
clause (i)(II), the baseline shall be cal-
culated using the assumption that the leg-
islation submitted by the Commission has 
been enacted into law, subject to the limi-
tation imposed by section 14(d). 
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(iii) WAIVER OF POINT OF ORDER.— 
A point of order raised under clause (i) 
may only be waived or suspended in the 
Senate by an affirmative vote of 3/5 of the 
Members duly chosen and sworn. 
(D) MULTIPLE
AMENDMENTS.—If more 
than one amendment is offered under this para-
graph, then each amendment shall be consid-
ered separately, and the amendment receiving 
both a majority and the highest number of 
votes shall be the amendment adopted. 
(d) PROHIBITION ON CONCURRENT CONSIDERATION 
OF OTHER BUDGET-RELATED LEGISLATION.— 
(1) IN GENERAL.—Until a bill or joint resolu-
tion considered pursuant to the procedures of this 
section or a conference report thereon has been en-
rolled and presented to the President of the United 
States, it shall not be in order in either the House 
of Representatives or the Senate to consider any bill 
or joint resolution, amendment or motion thereto, or 
conference report thereon that— 
(A) provides new budget authority for any 
fiscal year; 
(B) provides for an increase in outlays for 
any fiscal year; 
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(C) provides a decrease in revenues during 
any fiscal year; or 
(D) provides an increase in the public debt 
limit to become effective during any fiscal year. 
Subparagraphs (A) through (D) shall be applied on 
a provision-by-provision basis. 
(2) EXCEPTIONS.—Paragraph (1) does not 
apply— 
(A) to any measure under consideration 
prior to the introduction, in either House, of a 
bill or joint resolution considered pursuant to 
the procedures of this section; 
(B) to any measure considered after a bill 
or joint resolution considered pursuant to the 
procedures of this section has been defeated in 
either House; or 
(C) to any general appropriation bill or 
amendment thereto, but only to the extent of 
discretionary new budget authority provided for 
the budget year or for the first or second fiscal 
year after the budget year. 
(3) WAIVER.— 
(A) HOUSE OF REPRESENTATIVES.—In the 
House of Representatives, if a special rule is 
considered that would waive points of order 
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pursuant to paragraph (1), a motion to strike 
the provision waiving such points of order shall 
be in order. 
(B) SENATE.—In the Senate, a point of 
order properly raised pursuant to paragraph (1) 
shall be waived only by an affirmative vote of 
2/3 of the Members senators duly chosen and 
sworn. 
(e) APPLICATION
OF
CONGRESSIONAL
BUDGET 
ACT.—To the extent that they are relevant and not incon-
sistent with this Act, the provisions of title III of the Con-
gressional Budget Act of 1974 shall apply in the House 
of Representatives and the Senate to any bill or joint reso-
lution, any amendment thereto, and any conference report 
thereon that is considered pursuant to this section. 
(f) RULES OF SENATE AND HOUSE OF REPRESENTA-
TIVES.—This section is enacted by Congress— 
(1) as an exercise of the rulemaking power of 
the Senate and the House of Representatives, re-
spectively, and is deemed to be part of the rules of 
each House, respectively, but applicable only with re-
spect to the procedure to be followed in that House 
in the case of a bill introduced pursuant to this sec-
tion, and it supersedes other rules only to the extent 
that it is inconsistent with such rules; and 
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(2) with full recognition of the constitutional 
right of either House to change the rules (so far as 
they relate to the procedure of that House) at any 
time, in the same manner, and to the same extent 
as in the case of any other rule of that House. 
SEC. 14. LONG-TERM CBO COST ESTIMATE. 
(a) PREPARATION
AND
SUBMISSION.—When the 
Commission, the President, or the chairman or ranking 
minority member of the Committee on the Budget of ei-
ther House submits a written request to the Director of 
the Congressional Budget Office for a long-term CBO cost 
estimate of legislation proposed under this Act or an 
amendment referred to in section 13(b)(3)(B) or section 
13(c)(3)(B), the Director shall prepare the estimate and 
have it published in the Congressional Record as expedi-
tiously as possible. 
(b) CONTENT.—A long-term CBO cost estimate shall 
include— 
(1) an estimate of the cost of each provision (if 
practicable) or group of provisions of the legislation 
or amendment for first fiscal year it would take ef-
fect and for each of the 49 fiscal years thereafter; 
and 
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(2) a statement of any estimated future costs 
not reflected by the estimate described in paragraph 
(1). 
(c) FORM.—To the extent that a long-term CBO cost 
estimate presented in dollars is impracticable, the Director 
of the Congressional Budget Office may instead present 
the estimate in terms of percentages of gross domestic 
product, with rounding to the nearest 1/10 of 1 percent 
of gross domestic product. 
(d) LIMITATIONS ON DISCRETIONARY SPENDING.— 
A long-term CBO cost estimate shall only consider the ef-
fects of provisions affecting revenues and direct spending 
(as defined by the Balanced Budget and Emergency Def-
icit Control Act of 1985), and shall not assume that any 
changes in outlays will result from limitations on, or re-
ductions in, annual appropriations. 
Æ 
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