Legis Daily

National Net Interest is National Security Act of 2025

USA119th CongressS-2375| Senate 
| Updated: 7/22/2025
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Gary C. Peters (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill requires the Secretary of the Treasury, in collaboration with the Secretaries of Defense and State, to produce a comprehensive report for Congress. This report will detail the threats posed to the national security of the United States by the increasing national debt and its associated net interest payments. The report must be submitted within one year of the Act's enactment and then periodically alongside the national defense strategy. It will assess the impact of debt and interest payments on critical areas, including defense discretionary spending , federal revenue, and the nation's ability to respond to geopolitical threats, economic crises, and meet mandatory spending obligations like Social Security and Medicare. Furthermore, the assessment will cover the debt's effects on the US dollar's global standing , the nation's credit rating, inflation, and domestic interest rates. It will also analyze the likelihood of net interest payments crowding out other vital discretionary spending priorities, such as national security, diplomacy, and public investment. The bill also mandates that the report include legislative recommendations to mitigate these national security threats. Finally, it directs the Comptroller General of the United States to add the threats posed by national debt and net interest payments to the Government Accountability Office's High Risk List .
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Timeline
Jul 22, 2025
Introduced in Senate
Jul 22, 2025
Read twice and referred to the Committee on Finance.
  • July 22, 2025
    Introduced in Senate


  • July 22, 2025
    Read twice and referred to the Committee on Finance.

Economics and Public Finance

National Net Interest is National Security Act of 2025

USA119th CongressS-2375| Senate 
| Updated: 7/22/2025
This bill requires the Secretary of the Treasury, in collaboration with the Secretaries of Defense and State, to produce a comprehensive report for Congress. This report will detail the threats posed to the national security of the United States by the increasing national debt and its associated net interest payments. The report must be submitted within one year of the Act's enactment and then periodically alongside the national defense strategy. It will assess the impact of debt and interest payments on critical areas, including defense discretionary spending , federal revenue, and the nation's ability to respond to geopolitical threats, economic crises, and meet mandatory spending obligations like Social Security and Medicare. Furthermore, the assessment will cover the debt's effects on the US dollar's global standing , the nation's credit rating, inflation, and domestic interest rates. It will also analyze the likelihood of net interest payments crowding out other vital discretionary spending priorities, such as national security, diplomacy, and public investment. The bill also mandates that the report include legislative recommendations to mitigate these national security threats. Finally, it directs the Comptroller General of the United States to add the threats posed by national debt and net interest payments to the Government Accountability Office's High Risk List .
View Full Text

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Timeline
Jul 22, 2025
Introduced in Senate
Jul 22, 2025
Read twice and referred to the Committee on Finance.
  • July 22, 2025
    Introduced in Senate


  • July 22, 2025
    Read twice and referred to the Committee on Finance.
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Cosponsors (1)
Gary C. Peters (Democratic)

Finance Committee

Economics and Public Finance

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