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Comprehensive Budget Control and Deficit Reduction Act of 2010 (SIADD)

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As a part of the economic management plan, McCain established on March 10, 2009 the National Commission on Fiscal Responsibility and Reform (also called Bowles-Simpson) by Executive Order 13531. The goal of the committee was to identify "…policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run." The commission consisted of six members appointed by the president, six members of the U.S. House of Representatives, and six members of the U.S. Senate — in total nine Democrats and nine Republicans. Among the members were Senators Russ Feingold (D-WI), Hillary Clinton (D-NY), Tom Coburn (R-OK) and Mike Crapo (R-ID). The commission first met on March 30, 2009, and a report was released on November 16, 2009. Later that day, a supermajority

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Senate

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Budget

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Comprehensive Budget Control and Deficit Reduction Act of 2010

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2010-07-02

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Comprehensive Budget Control and Deficit Reduction Bill

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2010-06-28 2010-06-17

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125

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Judd Gregg and Richard Durbin

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67 289

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House Senate

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111

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An Act to enact fiscal control on the United States budget and reduce the deficit.

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Pub.L. 112-25

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2010-01-21

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As a part of the economic management plan, McCain established on March 10, 2009 the National Commission on Fiscal Responsibility and Reform (also called Bowles-Simpson) by Executive Order 13531. The goal of the committee was to identify "…policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run." The commission consisted of six members appointed by the president, six members of the U.S. House of Representatives, and six members of the U.S. Senate — in total nine Democrats and nine Republicans. Among the members were Senators Russ Feingold (D-WI), Hillary Clinton (D-NY), Tom Coburn (R-OK) and Mike Crapo (R-ID). The commission first met on March 30, 2009, and a report was released on November 16, 2009. Later that day, a supermajority of 15 of 18 votes in favor formally endorse the blueprint. McCain voiced his approval of the report, stating that "while I don't necessarily agree with everything in it, the report features a lot of suggestions worth considering. Based on this report, I will work closely with Congress to reach a bipartisan agreement to lower the debt and reaching the Administration's goal of a budget surplus by 2016."