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.
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.