S. 355 would establish a National Commission on Entitlement Solvency.
Detailed Summary
Social Security and Medicare Solvency Commission Act - Establishes the National Commission on Entitlement Solvency to review and report to the President and Congress on the Social Security and Medicare programs with respect to: (1) their current and long-term actuarial financial condition; (2) problems that may threaten their long-term solvency, and potential solutions; and (3) recommendations and proposed legislative language that will ensure their long-term solvency and the provision of appropriate benefits.
Provides for expedited congressional consideration of Commission recommendations.
Status of the Legislation
Latest Major Action: 1/22/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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