Bill Sponsor
Senate Bill 4012
119th Congress(2025-2026)
Fiscal Commission Act
Introduced
Introduced
Introduced in Senate on Mar 5, 2026
Overview
Text
Bill Intelligence

This Act establishes a Fiscal Commission in Congress to address fiscal matters, improve the nation's fiscal condition, and propose policies to reduce debt and deficit. The Commission, appointed by Congressional leaders, aims to educate the public and achieve a sustainable debt-to-GDP ratio by 2039. It will conduct a public awareness campaign, hold hearings, and receive technical assistance. The bill outlines procedures for expedited consideration of implementing bills from the Commission, impacting how legislation proposed by the Commission is handled in Congress. The Commission's term ends upon report submission or on May 17, 2027, impacting the timeline of its operations.

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Introduced
Mar 5, 2026
Latest Action
Mar 5, 2026
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4012
Congress
119
Policy Area
Congress
Congress
Primary focus of measure is Members of Congress; general congressional oversight; congressional agencies, committees, operations; legislative procedures; U.S. Capitol. Measures concerning oversight and investigation of specific matters may fall under the issue-specific relevant policy area.
Sponsorship by Party
Republican
Utah
Democrat
Delaware
Republican
Indiana
Republican
Louisiana
Democrat
New Hampshire
Republican
North Carolina
Republican
North Dakota
Democrat
Virginia
Democrat
Virginia
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary
Unavailable
Text (1)
Actions (2)
03/05/2026
Read twice and referred to the Committee on Rules and Administration.
03/05/2026
Introduced in Senate
Graphics
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S.4012 119 Fiscal Commission Act
Public Record
Record Updated
Mar 24, 2026 4:50:45 PM