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Debt Solution and Accountability Act

USA119th CongressHR-6895| House 
| Updated: 12/18/2025
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (2)
Thomas R. Suozzi (Democratic)Chuck Edwards (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the "Debt Solution and Accountability Act," introduces new requirements for the Secretary of the Treasury to enhance transparency and accountability regarding the United States debt. Before any increase or suspension of the debt limit, the Secretary must submit comprehensive reports to key congressional committees. These reports are to detail the historical, current, and projected levels of public debt , identify its drivers, and explain how the nation will meet its debt obligations. The required reports must also include the President's proposals for reducing or slowing the growth of public debt across short, medium, and long terms, alongside plans to lower the debt-to-gross domestic product ratio. Additionally, the Secretary must analyze the impact of both increasing and maintaining the debt limit, and provide projections for the fiscal health of major entitlement programs. To further promote oversight, the bill mandates that the Treasury Department provide specific financial and economic data, such as cash flow and debt transaction information, to the Chairs of the House Ways and Means or Senate Finance Committees upon written request.
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Timeline

Bill from Previous Congress

HR 116-3946
Debt Solution and Accountability Act

Bill from Previous Congress

HR 117-2110
Debt Solution and Accountability Act

Bill from Previous Congress

HR 118-1265
Debt Solution and Accountability Act
Dec 18, 2025
Introduced in House
Dec 18, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-3946
    Debt Solution and Accountability Act


  • Bill from Previous Congress

    HR 117-2110
    Debt Solution and Accountability Act


  • Bill from Previous Congress

    HR 118-1265
    Debt Solution and Accountability Act


  • December 18, 2025
    Introduced in House


  • December 18, 2025
    Referred to the House Committee on Ways and Means.

Economics and Public Finance

Debt Solution and Accountability Act

USA119th CongressHR-6895| House 
| Updated: 12/18/2025
This bill, known as the "Debt Solution and Accountability Act," introduces new requirements for the Secretary of the Treasury to enhance transparency and accountability regarding the United States debt. Before any increase or suspension of the debt limit, the Secretary must submit comprehensive reports to key congressional committees. These reports are to detail the historical, current, and projected levels of public debt , identify its drivers, and explain how the nation will meet its debt obligations. The required reports must also include the President's proposals for reducing or slowing the growth of public debt across short, medium, and long terms, alongside plans to lower the debt-to-gross domestic product ratio. Additionally, the Secretary must analyze the impact of both increasing and maintaining the debt limit, and provide projections for the fiscal health of major entitlement programs. To further promote oversight, the bill mandates that the Treasury Department provide specific financial and economic data, such as cash flow and debt transaction information, to the Chairs of the House Ways and Means or Senate Finance Committees upon written request.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-3946
Debt Solution and Accountability Act

Bill from Previous Congress

HR 117-2110
Debt Solution and Accountability Act

Bill from Previous Congress

HR 118-1265
Debt Solution and Accountability Act
Dec 18, 2025
Introduced in House
Dec 18, 2025
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-3946
    Debt Solution and Accountability Act


  • Bill from Previous Congress

    HR 117-2110
    Debt Solution and Accountability Act


  • Bill from Previous Congress

    HR 118-1265
    Debt Solution and Accountability Act


  • December 18, 2025
    Introduced in House


  • December 18, 2025
    Referred to the House Committee on Ways and Means.
Lloyd Smucker

Lloyd Smucker

Republican Representative

Pennsylvania

Cosponsors (2)
Thomas R. Suozzi (Democratic)Chuck Edwards (Republican)

Ways and Means Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted