Debt Solution and Accountability Act
Summary
What This Bill Does
The Debt Solution and Accountability Act adds a new title 31 reporting requirement before debt-limit action. On each specified reporting date, when debt reaches 99.5 percent of the statutory limit or one month before a suspension expires, the Treasury Secretary must report to six House and Senate committees on historical, current, and projected public debt; drivers of future debt; how the United States will meet principal and interest obligations; presidential proposals to reduce or slow debt growth over short, medium, and long horizons; impacts of increasing or not increasing the debt limit on spending, debt service, and the dollar reserve-currency position; and fiscal sustainability of Social Security, Medicare, and Medicaid. Treasury must submit a progress report within 180 days after any debt-limit increase or suspension takes effect and must post public links to the reports for at least six months.
Who Benefits and How
Congressional fiscal committees, public-debt analysts, taxpayers, and the general public benefit from standardized debt-limit information, public reports, and follow-up on debt-reduction proposals.
Who Bears the Burden and How
Treasury debt-management staff, the Treasury Secretary, the President, Office of Management and Budget staff, and entitlement-program analysts must comply with specified reporting dates, projections, progress updates, public posting, and committee disclosure duties.
Key Provisions
- Requires Treasury reports when debt reaches 99.5 percent of the limit or one month before a suspension expires.
- Requires debt data, debt-service plans, presidential debt-reduction proposals, debt-limit impact analysis, and entitlement sustainability projections.
- Requires a progress report within 180 days after any debt-limit increase or suspension takes effect.
- Requires Treasury to post public links to each report for at least six months.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires Treasury reports to Congress before debt-limit increases or suspension expirations, including public-debt data, presidential debt-reduction proposals, debt-limit impacts, entitlement sustainability projections, progress updates, and public links.
Key Policy Areas
Government, Financial Services, Taxpayers
Primary Purpose
Requires Treasury reports to Congress before debt-limit increases or suspension expirations, including public-debt data, presidential debt-reduction proposals, debt-limit impacts, entitlement sustainability projections, progress updates, and public links.
Policy Domains
Substantive provisions
Identified Gains
- Congressional fiscal committees
- Public-debt analysts
- Taxpayers
- General public
Identified Costs
- Treasury debt-management staff
- Treasury Secretary
- President
- OMB staff
- Entitlement-program analysts
Sponsors
Legislative Progress
In CommitteeMr. Smucker (for himself and Mr. Suozzi) introduced the following …
Referred to the House Committee on Ways and Means.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Congressional fiscal committees, Entitlement-program analysts, OMB staff
Positive-direction: Congressional fiscal committees
Negative-direction: Entitlement-program analysts, OMB staff, President, Treasury Secretary, Treasury debt-management staff
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology