# 119-s-4012: Fiscal Commission Act

119-s-4012, Fiscal Commission Act, is a 119th Congress bill sponsored by Sen. Curtis, John R. [R-UT] (R-UT); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4012
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4012
- Congress: 119
- Title: Fiscal Commission Act
- Status: introduced
- Introduced: 2026-03-05
- Sponsor: Sen. Curtis, John R. [R-UT] (R-UT)
- Cosponsors: 9
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**bipartisan Fiscal Commission** would be created to identify laws that reduce the long-term national debt and to push those recommendations through Congress more quickly. It pairs public education about fiscal risks with a requirement to draft legislative language and CBO estimates for any proposals. - For Congress and lawmakers: It would create a 16-member commission with co-chairs from opposite parties and tight rules for implementing bills. Those bills would face no amendments, a 2-hour House debate limit, and constrained Senate procedures including a 10-hour cap on veto consideration. - For taxpayers and future generations: The commission would seek policies to lower deficits and reach a sustainable debt path, targeting a debt-to-GDP ratio at or below 100 percent by fiscal year 2039 and trust fund solvency for at least 75 years. - For experts, staff, and the public: The commission must hold at least 6 hearings, may use outside experts who can participate but not vote, require CBO estimates at least 48 hours before votes, and run a public awareness campaign within 30 days after the report.

## Cosponsors (9)

- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-03-05T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2026-03-05T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-03-05T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2026-03-05T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2026-03-05T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2026-03-05T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-03-05T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-03-05T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-03-05T00:00:00.000Z

## Provisions PRIA read

- Fast-track Commission bills to Congress: mixed, medium. If enacted, this would create expedited rules for implementing bills the Commission approves. An implementing bill would consist only of the Commission's approved text and could not be amended in either chamber. In the House, the majority leader would introduce the bill on the third legislative day…
- New Fiscal Commission to review debt: mixed, low. If enacted, this bill would create a 16-member Fiscal Commission 60 days after enactment. The Commission would review discretionary appropriations, direct (mandatory) spending, and federal revenues and recommend changes. It would aim to keep public debt at or below 100% of GDP by fiscal year 2039.…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-522: Credit Union Board Modernization Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.

## Sources
- [119-s-4012 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4012)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-522: Credit Union Board Modernization Act](https://policyrisk.com/legislation/119-s-522)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4012 (as of 2026-04-21).