1. Short title This Act may be cited as the Wasteful Defense Spending Reduction Act of 2018 . 2. Deficit reduction Notwithstanding any other provision of law, any amounts appropriated for a covered program terminated pursuant to this Act that remain after the date of such termination shall be deobligated and rescinded and returned to the general fund of the Treasury for the purpose of deficit reduction. 3. The Commission (a) Establishment There is established an independent commission to be known as the Wasteful Defense Spending Reduction Commission (referred to in this Act as the Commission ). (b) Duties The Commission shall review covered programs of the Department of Defense and make recommendations for the termination of such programs. (c) Appointment (1) The Commission shall be composed of 11 members appointed by the President. The President shall transmit to the congressional defense committees the names of the individuals appointed to the Commission by not later than January 2, 2019. (2) In selecting individuals for appointments to the Commission, the President should consult with— (A) the Speaker of the House of Representatives concerning the appointment of 2 members; (B) the majority leader of the Senate concerning the appointment of 2 members; (C) the minority leader of the House of Representatives concerning the appointment of 2 members