1. Short title This Act may be cited as the Debt Commission Act of 2024 . 2. Establishment of a Debt Commission (a) Establishment of a debt commission No later than 30 days after the date of enactment of this Act, there shall be established in Congress a Debt Commission. (b) Membership structure The Debt Commission shall be composed of 16 members, of whom— (1) four members shall be appointed by the majority leader of the Senate from among the current Members of the Senate; (2) four members shall be appointed by the minority leader of the Senate from among the current Members of the Senate; (3) four members shall be appointed by the Speaker of the House of Representatives from among the current Members of the House of Representatives