National Commission on Fiscal Responsibility and Reform
Signed February 18, 2010·Barack Obama·75 FR 7927
Source
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Plain-language summary
Establishes the National Commission on Fiscal Responsibility and Reform within the Executive Office of the President, made up of 18 members: six appointed by the President, and twelve current members of Congress selected by the Senate and House majority and minority leaders. Two of the President's appointees, from different political parties, are designated as Co-Chairs. The Commission is tasked with proposing recommendations to balance the federal budget, excluding interest payments, by 2015, and to improve the long-term fiscal outlook, including addressing entitlement spending growth and gaps between projected revenues and expenditures. It must vote on a final report by December 1, 2010, requiring approval from at least 14 of its 18 members. Members serve without additional pay but may receive travel expenses, and the Commission has a staff led by an Executive Director. It terminates 30 days after submitting its final report.
Not written or reviewed by a person. Read the full order below for anything you intend to rely on.
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Claimed authority
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered
Quoted from the order as written. Many orders cite nothing more specific than “the Constitution and the laws”; this reproduces what the order claims, not an assessment of whether it holds.
The order, in full
Executive Order 13531 of February 18, 2010
National Commission on Fiscal Responsibility and
Reform
By the authority vested in me as President by the
Constitution and the laws of the United States of
America, it is hereby ordered as follows:
Section 1. Establishment. There is established within
the Executive Office of the President the National
Commission on Fiscal Responsibility and Reform
(Commission).
Sec. 2. Membership. The Commission shall be composed of
18 members who shall be selected as follows:
(a) six members appointed by the President, not
more than four of whom shall be from the same political
party;
(b) three members selected by the Majority Leader
of the Senate, all of whom shall be current Members of
the Senate;
(c) three members selected by the Speaker of the
House of Representatives, all of whom shall be current
Members of the House of Representatives;
(d) three members selected by the Minority Leader
of the Senate, all of whom shall be current Members of
the Senate; and
(e) three members selected by the Minority Leader
of the House of Representatives, all of whom shall be
current Members of the House of Representatives.
Sec. 3. Co-Chairs. From among his appointees, the
President shall designate two members, who shall not be
of the same political party, to serve as Co-Chairs of
the Commission.
Sec. 4. Mission. The Commission is charged with
identifying policies to improve the fiscal situation in
the medium term and to achieve fiscal sustainability
over the long run. Specifically, the Commission shall
propose recommendations designed to balance the budget,
excluding interest payments on the debt, by 2015. This
result is projected to stabilize the debt-to-GDP ratio
at an acceptable level once the economy recovers. The
magnitude and timing of the policy measures necessary
to achieve this goal are subject to considerable
uncertainty and will depend on the evolution of the
economy. In addition, the Commission shall propose
recommendations that meaningfully improve the long-run
fiscal outlook, including changes to address the growth
of entitlement spending and the gap between the
projected revenues and expenditures of the Federal
Government.
Sec. 5. Reports. (a) No later than December 1, 2010,
the Commission shall vote on the approval of a final
report containing a set of recommendations to achieve
the mission set forth in section 4 of this order.
(b) The issuance of a final report of the
Commission shall require the approval of not less than
14 of the 18 members of the Commission.
Sec. 6. Administration. (a) Members of the Commission
shall serve without any additional compensation, but
shall be allowed travel expenses, including per diem in
lieu of subsistence, as authorized by law for persons
serving intermittently in Government service (5 U.S.C.
5701-5707), consistent with the availability of funds.
(b) The Commission shall have a staff headed by an
Executive Director.
Sec. 7. General. (a) The Commission shall terminate 30
days after submitting its final report.
(b) Nothing in this order shall be construed to
impair or otherwise affect:
(i) authority granted by law to an executive department, agency, or the
head thereof; or
(ii) functions of the Director of the Office of Management and Budget
relating to budgetary, administrative, or legislative proposals.
(c) This order is not intended to, and does not,
create any right or benefit, substantive or procedural,
enforceable at law or in equity by any party against
the United States, its departments, agencies, or
entities, its officers, employees, or agents, or any
other person.
(Presidential Sig.)
THE WHITE HOUSE,
February 18, 2010.Reproduced from the Federal Register plain-text record, signed February 18, 2010. Typesetting artifacts are removed; no wording is changed.