Congress sets up a commission to propose ways to cut the deficit.

What it does

The bill changes how Congress makes budgets. Instead of a new budget every year, Congress would make one every two years. A new commission would suggest ways to reduce the deficit. Congress would have a fast process to vote on the commission's ideas. The bill adds new budget report rules and updates budget committee work.

Who it affects

Congress members would vote on budgets less often. The commission would have 12 members, with 4 from each major party. Citizens would see the commission's recommendations on a website within 72 hours.

One thing to notice

The bill gives 12 people power to suggest big changes to spending and taxes. Congress would have only 10 days in committee and 3 days before a floor vote. Members would have 2 hours to debate and could not make any changes.

From the analysis of the bill text, linked under Primary records below.

Where it stands

17 cosponsors: 12 Republicans, 5 Democrats.

• Jun 24, 2026 — Introduced · Congress.gov: “Introduced in House”
• Jun 24, 2026 — Referred to House Committee on Rules and House Committee on the Budget · Congress.gov: “Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be…”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Words to know

• deficit — The amount of money the government spends more than it takes in.
• commission — A group of people chosen to do a specific job or task.
• floor vote — A vote by all members of Congress on a bill or proposal.