Detailed Summary

Bipartisan Task Force for Responsible Fiscal Action Act of 2007 - Amends the Congressional Budget Act of 1974 to establish the Bipartisan Task Force for Responsible Fiscal Action to address, and report to the President and Congress on, the Nation's long-term fiscal imbalances, including those attributable to the Medicare and Social Security programs and the gap between their projected revenues and expenditures.

Provides for expedited legislative consideration of Task Force recommendations.

Status of the Legislation

Latest Major Action: 9/25/2007: Referred to House committee. Status: Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Points in Favor

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Points Against

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