,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dijg  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bi1        
#bjai,mr4 ,gallagher 7for himself1 ,mr4 
,mc,adams1 ,mr4 ,timmons1 ,mr4 ,case1   
and ,mr4 ,peters7 introduced the        
following bill2 which was referred to   
the ,committee on ,oversight and        
,reform1 and in addition to the         
,committees on ,rules1 and the ,budget1 
for a period to be subsequently         
determined by the ,speaker1 in each case
 for consideration of such provisions as
 fall within the jurisdiction of the    
committee concerned  ,a ,,bill  ,to save
 and strengthen critical social contract
 programs of the ,federal ,government4  
#a4 ,short title ,this ,act may be cited
 as the ,time to ,rescue ,united ,states
 ,trusts ,act or the ,,trust ,act4  #b4 
,definitions ,in this ,act3  7#a7       
,co-chair ,the term co-chair means an   
individual appointed to serve as a      
co-chair of a ,rescue ,committee under  
section #d7;a77#d77;,c77i74  7#b7       

,critical social contract program ,the  
term critical social contract program   
means a ,federal program the ,secretary 
identifies in the report under section  
#c4  7#c7 ,rescue ,committee ,the term  
,rescue ,committee means a committee    
established under section #d7;a74  7#d7 
,rescue ,committee bill ,the term       
,rescue ,committee bill means a bill    
consisting solely of legislative        
language that a ,rescue ,committee      
approves and submits under clauses 7i7  
and 7vi71 respectively1 of section      
#d7;a77#c77;,b74  7#e7 ,secretary ,the  
term ,secretary means the ,secretary of 
the ,treasury4  #c4 ,identification of  
critical social contract programs ,not  
later than #de days after the date of   
enactment of this ,act1 the ,secretary  
shall submit to ,congress a report that 
identifies each ,federal program--  7#a7
 for which a ,federal trust fund is     
established2  7#b7 the amount of outlays
 of which1 for the fiscal year          
immediately preceding the fiscal year in

 which this ,act is enacted1 were not   
less than #bj1jjj1jjj1jjj2 and  7#c7 the
 amount of dedicated ,federal funds and 
,federal trust fund balances that the   
,secretary determines will be           
inadequate1 on any date during the      
period beginning on the date of         
enactment of this ,act and ending on the
 last day of fiscal year #bjce1 to meet 
the total amount of outlays of the      
,federal program that would otherwise be
 made4  #d4 ,establishment of ,rescue   
,committees  7a7 ,establishment of      
,rescue ,committees  7#a7 ,establishment
 ,on the date on which the ,secretary   
submits the report under section #c1    
there shall be established a ,rescue    
,committee for each critical social     
contract program4  7#b7 ,goals ,the     
goals of each ,rescue ,committee shall  
be to1 with respect to the critical     
social contract program for which the   
,rescue ,committee is established--     
7,a7 avoid depletion of the ,federal    
trust fund established for the critical 

social contract program2  7,b7 provide  
for the solvency of the ,federal trust  
fund established for the critical social
 contract program during the #ge-year   
period beginning on the date described  
in paragraph 7#a72  7,c7 simplify the   
critical social contract program to the 
extent practicable2 and  7,d7 otherwise 
improve the critical social contract    
program4  7#c7 ,duties  7,a7 ,in general
  7i7 ,improving critical social        
contract programs ,each ,rescue         
,committee may develop recommendations  
and legislative language that will      
significantly improve the critical      
social contract program for which the   
,rescue ,committee is established1      
including by--  7,i7 increasing the     
duration of positive balances of the    
,federal trust fund established for the 
critical social contract program2 and   
7,,ii7 to the extent practicable1       
providing for the solvency of the       
,federal trust fund established for the 
critical social contract program during 

the #ge-year period beginning on the    
date described in paragraph 7#a74  7ii7 
,recommendations of committees ,not     
later than #cj days after the date      
described in paragraph 7#a71 each       
committee of the ,senate and the ,house 
of ,representatives may transmit to the 
relevant ,rescue ,committee any         
recommendations of the committee        
relating to changes in law to improve   
the critical social contract program for
 which the ,rescue ,committee is        
established in accordance with the goals
 of the ,rescue ,committee described in 
paragraph 7#b74  7,b7 ,report1          
recommendations1 and legislative        
language  7i7 ,in general ,not later    
than ,november #ab1 #bjbj1 each ,rescue 
,committee shall meet to consider1 and  
may vote on-- 7,i7 a report that        
contains a detailed statement of the    
findings1 conclusions1 and              
recommendations of the ,rescue          
,committee described in subparagraph    
7,a77i7 and the estimate of the         

,congressional ,budget ,office required 
under paragraph 7#e77;,d77ii72 and      
7,,ii7 legislative language to carry out
 the recommendations of the ,rescue     
,committee in the report described in   
subclause 7,i71 which shall include a   
statement of the economic and budgetary 
effects of the recommendations during   
the #ge-year period beginning on the    
date described in paragraph 7#a74  7ii7 
,advisory nature ,any proposed change to
 the ,standing ,rules of the ,senate or 
the ,rules of the ,house of             
,representatives included in a report or
 legislative language under clause 7i7  
shall be considered to be merely        
advisory4  7iii7 ,approval of report and
 legislative language ,a report and     
legislative language of a ,rescue       
,committee under clause 7i7 shall       
require the approval of a majority of   
the members of the ,rescue ,committee1  
provided that such majority shall be    
required to include not less than #b    
members of each party4  7iv7 ,additional

 views  7,i7 ,in general ,a member of a 
,rescue ,committee who gives notice of  
an intention to file supplemental1      
minority1 or additional views at the    
time of the final ,rescue ,committee    
vote on the approval of the report and  
legislative language of the ,rescue     
,committee under clause 7i7 shall be    
entitled to #c days to file those views 
in writing with the staff director of   
the ,rescue ,committee4  7,,ii7         
,inclusion in report ,views filed under 
subclause 7,i7 shall be included in the 
report of the relevant ,rescue          
,committee under clause 7i7 and printed 
in the same volume1 or part thereof1 and
 such inclusion shall be noted on the   
cover of the report1 except that1 in the
 absence of timely notice1 the report   
may be printed and transmitted          
immediately without such views4  7v7    
,report and legislative language to be  
made public ,upon the approval or       
disapproval of a report and legislative 
language under clause 7i7 by a ,rescue  

,committee1 the ,rescue ,committee shall
 promptly make the report1 the          
legislative language1 and a record of   
the vote on the report and legislative  
language available to the public4  7vi7 
,submission of report and legislative   
language ,if a report and legislative   
language are approved by a ,rescue      
,committee under clause 7i71 not later  
than #c days after the date on which the
 report and legislative language are    
made available to the public under      
clause 7v71 the ,rescue ,committee shall
 submit the report and legislative      
language to the ,president1 the ,vice   
,president1 the ,speaker of the ,house  
of ,representatives1 and the majority   
and minority leaders of each ,house of  
,congress4  7vii7 ,rule of construction 
,nothing in this subparagraph shall be  
construed to prohibit a ,rescue         
,committee from voting on a report and  
legislative language under clause 7i7   
before ,november #ab1 #bjbj4  7#d7      
,membership  7,a7 ,in general ,each     

,rescue ,committee shall be composed of 
#ab members appointed in accordance with
 subparagraph 7,b74  7,b7 ,appointment  
,not later than #ad days after the date 
described in paragraph 7#a71 with       
respect to each ,rescue ,committee--    
7i7 the majority leader of the ,senate  
shall appoint #c individuals from among 
the ,members of the ,senate who shall   
serve as members of the ,rescue         
,committee2  7ii7 the minority leader of
 the ,senate shall appoint #c           
individuals from among the ,members of  
the ,senate who shall serve as members  
of the ,rescue ,committee2  7iii7 the   
,speaker of the ,house of               
,representatives shall appoint #c       
individuals from among the ,members of  
the ,house of ,representatives who shall
 serve as members of the ,rescue        
,committee2 and  7iv7 the minority      
leader of the ,house of ,representatives
 shall appoint #c individuals from among
 the ,members of the ,house of          
,representatives who shall serve as     

members of the ,rescue ,committee4  7,c7
 ,co-chairs  7i7 ,in general ,not later 
than #ad days after the date described  
in paragraph 7#a71 with respect to each 
,rescue ,committee--  7,i7 the majority 
leader of the ,senate shall appoint #a  
individual from among the members of the
 ,rescue ,committee who shall serve as a
 co-chair of the ,rescue ,committee2 and
  7,,ii7 the ,speaker of the ,house of  
,representatives shall appoint #a       
individual from among the members of the
 ,rescue ,committee who shall serve as a
 co-chair of the ,rescue ,committee4    
7ii7 ,staff director ,with respect to   
each ,rescue ,committee1 the co-chairs  
of the ,rescue ,committee1 acting       
jointly1 shall hire the staff director  
of the ,rescue ,committee4  7,d7 ,period
 of appointment  7i7 ,in general ,the   
members of a ,rescue ,committee shall be
 appointed for the life of the ,rescue  
,committee4  7ii7 ,vacancy  7,i7 ,in    
general ,any vacancy in a ,rescue       
,committee shall not affect the powers  

of the ,rescue ,committee1 but shall be 
filled not later than #ad days after the
 date on which the vacancy occurs1 in   
the same manner as the original         
appointment was made4  7,,ii7           
,ineligible members ,if a member of a   
,rescue ,committee ceases to be a       
,member of the ,senate or the ,house of 
,representatives1 as applicable--  7aa7 
the member shall no longer be a member  
of the ,rescue ,committee2 and  7bb7 a  
vacancy in the ,rescue ,committee       
exists4  7#e7 ,administration  7,a7 ,in 
general ,with respect to each ,rescue   
,committee1 to enable the ,rescue       
,committee to exercise the powers1      
functions1 and duties of the ,rescue    
,committee1 there are authorized to be  
disbursed by the ,senate the actual and 
necessary expenses of the ,rescue       
,committee approved by the co-chairs of 
the ,rescue ,committee1 subject to the  
rules and regulations of the ,senate4   
7,b7 ,expenses ,with respect to each    
,rescue ,committee1 in carrying out the 

functions of the ,rescue ,committee1 the
 ,rescue ,committee is authorized to    
incur expenses in the same manner and   
under the same conditions as the ,joint 
,economic ,committee is authorized under
 section #aa7;d7 of the ,employment ,act
 of #aidf 7#ae ,u4,s4,c4 #ajbd7;d774    
7,c7 ,quorum ,with respect to each      
,rescue ,committee1 #g members of the   
,rescue ,committee shall constitute a   
quorum for purposes of voting1 meeting1 
and holding hearings4  7,d7 ,voting  7i7
 ,proxy voting ,no proxy voting shall be
 allowed on behalf of any member of a   
,rescue ,committee4  7ii7 ,congressional
 budget office estimates  7,i7 ,in      
general ,the ,director of the           
,congressional ,budget ,office shall1   
with respect to the legislative language
 of a ,rescue ,committee under paragraph
 7#c77;,b77i77,,ii71 provide to the     
,rescue ,committee--  7aa7 estimates of 
the legislative language in accordance  
with sections #cjh7;a7 and #bja7;f7 of  
the ,congressional ,budget ,act of #aigd

 7#b ,u4,s4,c4 #fci7;a7 and #fja7;f772  
and  7bb7 information on the budgetary  
effect of the legislative language      
during the #ge-year period beginning on 
the date described in paragraph 7#a74   
7,,ii7 ,limitation ,a ,rescue ,committee
 may not vote on any version of the     
report1 recommendations1 or legislative 
language of the ,rescue ,committee under
 paragraph 7#c77;,b77i7 unless the      
estimates and information described in  
subclause 7,i7 of this clause are made  
available for consideration by all      
members of the ,rescue ,committee not   
later than #dh hours before that vote1  
as certified by the co-chairs of the    
,rescue ,committee4  7,e7 ,meetings  7i7
 ,initial meeting ,not later than #de   
days after the date described in        
paragraph 7#a71 each ,rescue ,committee 
shall hold the first meeting of the     
,rescue ,committee4  7ii7 ,agenda ,for  
each meeting of each ,rescue ,committee1
 the co-chairs of the ,rescue ,committee
 shall provide an agenda to the members 

of the ,rescue ,committee not later than
 #dh hours before the meeting4  7,f7    
,hearings  7i7 ,in general ,each ,rescue
 ,committee may1 for the purpose of     
carrying out this section1 hold such    
hearings1 sit and act at such times and 
places1 require attendance of witnesses 
and production of books1 papers1 and    
documents1 take such testimony1 receive 
such evidence1 and administer such oaths
 as the ,rescue ,committee considers    
advisable4  7ii7 ,hearing procedures and
 responsibilities of co-chairs  7,i7    
,announcement ,the co-chairs of each    
,rescue ,committee shall make a public  
announcement of the date1 place1 time1  
and subject matter of any hearing to be 
conducted under this subparagraph not   
later than #g days before the date of   
the hearing1 unless the co-chairs       
determine that there is good cause to   
begin such hearing on an earlier date4  
7,,ii7 ,written statement ,a witness    
appearing before a ,rescue ,committee   
shall file a written statement of the   

proposed testimony of the witness not   
later than #b days before the date of   
the appearance of the witness1 unless   
the co-chairs of the ,rescue            
,committee--  7aa7 determine that there 
is good cause for the witness to not    
file the written statement2 and  7bb7   
waive the requirement that the witness  
file the written statement4  7,g7       
,technical assistance ,upon written     
request of the co-chairs of a ,rescue   
,committee1 the head of a ,federal      
agency shall provide technical          
assistance to the ,rescue ,committee in 
order for the ,rescue ,committee to     
carry out the duties of the ,rescue     
,committee4  7b7 ,staff of ,rescue      
,committee  7#a7 ,in general ,the       
co-chairs of a ,rescue ,committee may   
jointly appoint and fix the compensation
 of staff of the ,rescue ,committee as  
the co-chairs determine necessary1 in   
accordance with the guidelines1 rules1  
and requirements relating to employees  
of the ,senate4  7#b7 ,ethical standards

  7,a7 ,senate ,members of the ,senate  
who serve on a ,rescue ,committee and   
staff of the ,rescue ,committee shall   
adhere to the ethics rules of the       
,senate4  7,b7 ,house of                
,representatives ,members of the ,house 
of ,representatives who serve on a      
,rescue ,committee shall be governed by 
the ethics rules and requirements of the
 ,house of ,representatives4  7c7       
,termination ,each ,rescue ,committee   
shall terminate on the day after the    
date of the sine die adjournment of the 
#aafth ,congress4  #e4 ,expedited       
consideration of ,rescue ,committee     
bills  7a7 ,qualifying legislation ,only
 a ,rescue ,committee bill shall be     
entitled to expedited consideration     
under this section4  7b7 ,consideration 
in the ,house of ,representatives  7#a7 
,introduction ,if a ,rescue ,committee  
approves and submits legislative        
language under clauses 7i7 and 7vi71    
respectively1 of section                
#d7;a77#c77;,b71 a ,rescue ,committee   

bill consisting solely of that          
legislative language may be introduced  
in the ,house of ,representatives 7by   
request7--  7,a7 by the majority leader 
of the ,house of ,representatives1 or by
 a ,member of the ,house of             
,representatives designated by the      
majority leader of the ,house of        
,representatives1 on the next           
legislative day2 or  7,b7 if the ,rescue
 ,committee bill is not introduced under
 subparagraph 7,a71 by any ,member of   
the ,house of ,representatives on any   
legislative day beginning on the        
legislative day after the legislative   
day described in subparagraph 7,a74     
7#b7 ,referral and reporting ,any       
committee of the ,house of              
,representatives to which a ,rescue     
,committee bill is referred shall report
 the ,rescue ,committee bill to the     
,house of ,representatives without      
amendment not later than #aj legislative
 days after the date on which the       
,rescue ,committee bill was so referred4

 ,if a committee of the ,house of       
,representatives fails to report a      
,rescue ,committee bill within that     
period1 it shall be in order to move    
that the ,house of ,representatives     
discharge the committee from further    
consideration of the ,rescue ,committee 
bill4 ,such a motion shall not be in    
order after the last committee          
authorized to consider the ,rescue      
,committee bill reports it to the ,house
 of ,representatives or after the ,house
 of ,representatives has disposed of a  
motion to discharge the ,rescue         
,committee bill4 ,the previous question 
shall be considered as ordered on the   
motion to its adoption without          
intervening motion except #bj minutes of
 debate equally divided and controlled  
by the proponent and an opponent4 ,if   
such a motion is adopted1 the ,house of 
,representatives shall proceed          
immediately to consider the ,rescue     
,committee bill in accordance with      
paragraphs 7#c7 and 7#d74 ,a motion to  

reconsider the vote by which the motion 
is disposed of shall not be in order4   
7#c7 ,proceeding to consideration ,after
 the last committee authorized to       
consider a ,rescue ,committee bill      
reports it to the ,house of             
,representatives or has been discharged 
7other than by motion7 from its         
consideration1 it shall be in order to  
move to proceed to consider the ,rescue 
,committee bill in the ,house of        
,representatives4 ,such a motion shall  
not be in order after the ,house of     
,representatives has disposed of a      
motion to proceed with respect to the   
,rescue ,committee bill4 ,the previous  
question shall be considered as ordered 
on the motion to its adoption without   
intervening motion4 ,a motion to        
reconsider the vote by which the motion 
is disposed of shall not be in order4   
7#d7 ,consideration ,the ,rescue        
,committee bill shall be considered as  
read4 ,all points of order against the  
,rescue ,committee bill and against its 

consideration are waived4 ,the previous 
question shall be considered as ordered 
on the ,rescue ,committee bill to its   
passage without intervening motion      
except #b hours of debate equally       
divided and controlled by the proponent 
and an opponent and #a motion to limit  
debate on the ,rescue ,committee bill4  
,a motion to reconsider the vote on     
passage of the ,rescue ,committee bill  
shall not be in order4  7#e7 ,vote on   
passage ,the vote on passage of the     
,rescue ,committee bill shall occur not 
later than #c legislative days after the
 date on which the last committee       
authorized to consider the ,rescue      
,committee bill reports it to the ,house
 of ,representatives or is discharged4  
7c7 ,expedited procedure in the ,senate 
7#a7 ,introduction in the ,senate ,if a 
,rescue ,committee approves and submits 
legislative language under clauses 7i7  
and 7vi71 respectively1 of section      
#d7;a77#c77;,b71 a ,rescue ,committee   
bill consisting solely of that          

legislative language may be introduced  
in the ,senate 7by request7--  7,a7 by  
the majority leader of the ,senate1 or  
by a ,member of the ,senate designated  
by the majority leader of the ,senate1  
on the next day on which the ,senate is 
in session2 or  7,b7 if the ,rescue     
,committee bill is not introduced under 
subparagraph 7,a71 by any ,member of the
 ,senate on any day on which the ,senate
 is in session beginning on the day     
after the day described in subparagraph 
7,a74  7#b7 ,committee consideration ,a 
,rescue ,committee bill introduced in   
the ,senate under paragraph 7#a7 shall  
be jointly referred to the committee or 
committees of jurisdiction1 which       
committees shall report the ,rescue     
,committee bill without any revision and
 with a favorable recommendation1 an    
unfavorable recommendation1 or without  
recommendation1 not later than #aj      
session days after the date on which the
 ,rescue ,committee bill was so         
referred4 ,if any committee to which a  

,rescue ,committee bill is referred     
fails to report the ,rescue ,committee  
bill within that period1 that committee 
shall be automatically discharged from  
consideration of the ,rescue ,committee 
bill1 and the ,rescue ,committee bill   
shall be placed on the appropriate      
calendar4  7#c7 ,proceeding             
,notwithstanding rule ,,xxii of the     
,standing ,rules of the ,senate1 it is  
in order1 not later than #b days of     
session after the date on which a       
,rescue ,committee bill is reported or  
discharged from all committees to which 
the ,rescue ,committee bill was         
referred1 for the majority leader of the
 ,senate or the designee of the majority
 leader to move to proceed to the       
consideration of the ,rescue ,committee 
bill4 ,it shall also be in order for any
 ,member of the ,senate to move to      
proceed to the consideration of the     
,rescue ,committee bill at any time     
after the conclusion of such #b-;day    
period4 ,a motion to proceed is in order

 even though a previous motion to the   
same effect has been disagreed to4 ,all 
points of order against the motion to   
proceed to the ,rescue ,committee bill  
are waived4 ,the motion to proceed is   
not debatable4 ,the motion is not       
subject to a motion to postpone4 ,a     
motion to reconsider the vote by which  
the motion is agreed to or disagreed to 
shall not be in order4 ,if a motion to  
proceed to the consideration of the     
,rescue ,committee bill is agreed to1   
the ,rescue ,committee bill shall remain
 the unfinished business until disposed 
of4 ,all points of order against a      
,rescue ,committee bill and against     
consideration of the ,rescue ,committee 
bill are waived4  7#d7 ,no amendments   
,an amendment to a ,rescue ,committee   
bill1 or a motion to postpone1 or a     
motion to proceed to the consideration  
of other business1 or a motion to       
recommit the ,rescue ,committee bill1 is
 not in order4  7#e7 ,rulings of the    
,chair on procedure ,appeals from the   

decisions of the ,chair relating to the 
application of the rules of the ,senate1
 as the case may be1 to the procedure   
relating to a ,rescue ,committee bill   
shall be decided without debate4  7d7   
,amendment ,a ,rescue ,committee bill   
shall not be subject to amendment in    
either the ,senate or the ,house of     
,representatives4  7e7 ,consideration by
 the other ,house  7#a7 ,in general ,if1
 before passing a ,rescue ,committee    
bill1 a ,house receives from the other  
,house a ,rescue ,committee bill        
consisting of legislative language      
approved by the same ,rescue ,committee 
as the ,rescue ,committee bill in the   
receiving ,house--  7,a7 the ,rescue    
,committee bill of the other ,house     
shall not be referred to a committee2   
and  7,b7 the procedure in the receiving
 ,house shall be the same as if no      
,rescue ,committee bill had been        
received from the other ,house until the
 vote on passage1 when the ,rescue      
,committee bill received from the other 

,house shall supplant the ,rescue       
,committee bill of the receiving ,house4
  7#b7 ,revenue measures ,this          
subsection shall not apply to the ,house
 of ,representatives if a ,rescue       
,committee bill received from the       
,senate is a revenue measure4  7f7      
,rules ,to coordinate action with other 
,house  7#a7 ,treatment of ,rescue      
,committee bill of other ,house ,if a   
,rescue ,committee bill is not          
introduced in the ,senate or the ,senate
 fails to consider a ,rescue ,committee 
bill under this section1 the ,rescue    
,committee bill of the ,house of        
,representatives consisting of          
legislative language approved by the    
same ,rescue ,committee as the ,rescue  
,committee bill in the ,senate shall be 
entitled to expedited floor procedures  
under this section4  7#b7 ,treatment of 
companion measures in the ,senate ,if1  
following passage of a ,rescue          
,committee bill in the ,senate1 the     
,senate then receives from the ,house of

 ,representatives a ,rescue ,committee  
bill approved by the same ,rescue       
,committee and consisting of the same   
legislative language as the             
,senate-passed ,rescue ,committee bill1 
the ,house-passed ,rescue ,committee    
bill shall not be debatable4 ,the vote  
on passage of the ,rescue ,committee    
bill in the ,senate shall be considered 
to be the vote on passage of the ,rescue
 ,committee bill received from the      
,house of ,representatives4  7#c7       
,vetoes ,if the ,president vetoes a     
,rescue ,committee bill1 consideration  
of a veto message in the ,senate under  
this paragraph shall be #aj hours       
equally divided between the majority and
 minority leaders of the ,senate or the 
designees of the majority and minority  
leaders of the ,senate4  #f4 ,funding   
,funding for each ,rescue ,committee    
shall be derived in equal portions      
from-- 7#a7 the contingent fund of the  
,senate from the appropriations account 
,miscellaneous ,items1 subject to the   

rules and regulations of the ,senate2   
and  7#b7 the applicable accounts of the
 ,house of ,representatives4  #g4       
,rulemaking ,the provisions of this ,act
 are enacted by ,congress--  7#a7 as an 
exercise of the rulemaking power of the 
,senate and the ,house of               
,representatives1 respectively1 and1 as 
such1 the provisions--  7,a7 shall be   
considered as part of the rules of each 
,house1 respectively1 or of that ,house 
to which they specifically apply2 and   
7,b7 shall supersede other rules only to
 the extent that they are inconsistent  
therewith2 and  7#b7 with full          
recognition of the constitutional right 
of either ,house to change such rules   
7so far as relating to such ,house7 at  
any time1 in the same manner1 and to the
 same extent as in the case of any other
 rule of such ,house4