Install
Debt Solution and Accountability Act
To provide further means of accountability with respect to the United States debt and promote fiscal responsibility.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
Debt Solution and Accountability Act
This bill requires the Department of the Treasury to submit to Congress a debt report and a statement of intent on (1) any date on which the debt subject to limit reaches 99.5% of the federal debt limit, and (2) the date that is one month before the expiration of a suspension of the debt limit.
The debt report must include
- the historical levels of the debt, current amount and composition of the debt, and future projections of the debt;
- the drivers and composition of future debt; and
- how the United States will meet debt obligations.
The statement of intent must include a detailed explanation of
- proposals of the President to reduce or slow the growth of the debt,
- the impact of increasing the debt limit and of leaving the debt limit unchanged, and
- projections of the fiscal health and sustainability of major direct-spending entitlement programs (including Social Security, Medicare, and Medicaid).
Within 180 days after the effective date of an increase in or suspension of the debt limit, Treasury must submit to Congress a detailed report on the progress of implementing the President's proposals to reduce or slow the growth of the debt.
Treasury must make the information required by this bill available to the public on its website.
Upon request, Treasury must submit to Congress specified financial and economic data relevant to determining the amount of the public debt.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Dec 18, 2025 Referred to the House Committee on Ways and Means.
- Dec 18, 2025 Introduced in House
Congressional and federal records come from official public sources: the House Clerk, the U.S. Senate, GovInfo and the Library of Congress (bill status), the Federal Register, and the congress-legislators project. They are copied on a schedule and may lag the official record by a few hours; the official sources govern. News and coverage counts are drawn from the 4Conservative index and reflect what the press published, not 4Conservative's views. Nothing here is an endorsement of any candidate, party or position. Terms of use.