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ASA Supports the Fiscal Commission Act / the Fiscal Stability Act

ASA, along with the Transportation Construction Coalition (TCC), sent a letter to Congressional Leadership in support of H.R. 5779 the Fiscal Commission Act and its Senate companion bill S. 3262, The Fiscal Stability Act.  These bipartisan measures, led by Reps. Huizenga (R-MI) and Peters (D-CA) and Sens. Manchin (D-WV) and Romney (R-UT) would create a bipartisan, bicameral commission to propose solutions to the nation’s $34 trillion-and-growing debt crisis.  The letter calls for these measures be attached to any final Fiscal Year 2024 appropriations bill or other viable legislation that would ensure it is quickly signed into law.

Per the letter, “any proposal should address all contributors to the structural imbalances that factor into the federal debt. Such a result would generate momentum to forego patchwork, short-term solutions and enact real measures to fix some of the nation’s most pressing fiscal challenges, especially in the medium and long term. There will not be a silver bullet, but if enacted, H.R. 5779/S. 3262 would inject new energy into this discourse, engage the American public in debating and determining a path forward, and require Congress to vote on the commission’s bipartisan package. We stand ready to support Congress and ensure the debt commission is successful for the long-term health of the nation.”