; purpose (a) Short title This Act may be cited as the Joint Commission on Budget Process Reform Act of 2018 . (b) Purpose The purpose of this Act is to establish a Joint Commission on Budget Process Reform. 2. The Joint Commission on Budget Process Reform (a) Establishment There is established is an independent commission to be known as the Joint Commission on Budget Process Reform (hereafter referred to as the joint commission ). (b) Duties The joint commission shall carry out the following duties: (1) Studying procedures on the budget and Federal expenditures. (2) Conducting at least four public hearings to examine potential budget process reforms before dissolution of the joint commission. (3) Seeking recommendations from economists, experts, Members of Congress, Federal agencies, educational institutions, State legislatures, and private organizations on ways to reform the congressional budget process. (4) Drafting a bill that amends the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 621 et seq.). (5) Submitting a report to each House of Congress containing the bill it recommends and such other matters it deems appropriate. (c) Contents of report The joint commission shall examine the following issues and include a summary of its findings respecting those issues in the report required under subsection (b)(5): (1) Potential changes and enforcement tools to ensure an on-time completion of the congressional budget process. (2) Procedures to address mandatory spending levels. (3) The impact of instituting long-term debt limits. (4) Procedures to increase inclusiveness and transparency in the congressional budget process. (5) The feasibility of a balanced budget amendment. (6) The impact of a binding congressional budget. (7) The need to reauthorize the Congressional Budget Office in an effort to provide greater assistance to the House and Senate Budget Committees. (8) The feasibility of changing the fiscal year from October 1st to January 1st so it aligns with the calendar year. (9) The