Sustainable Budget Act of 2023

The Sustainable Budget Act of 2023 establishes a 18-member National Commission on Fiscal Responsibility and Reform to address federal budget challenges. The commission, with members appointed by the President and congressional leadership, must develop recommendations to balance the federal budget (excluding interest payments) within 10 years and improve long-term fiscal sustainability, particularly regarding entitlement spending. The bill requires the commission to submit a final report with specific recommendations and a proposed joint resolution to Congress, which would then be considered under expedited procedures without amendments. This commission directly affects federal budget policy and congressional procedures for handling fiscal recommendations. The commission would terminate 30 days after submitting its final report.