Bill > HR6895

This bill, titled the "Debt Solution and Accountability Act," requires the Secretary of the Treasury to provide comprehensive reports to Congress before the national debt limit is increased or when a suspension of the debt limit is nearing its end. These reports must detail the current and projected state of the public debt, including its composition and how obligations will be met, as well as the President's proposals for reducing or slowing debt growth in the short, medium, and long term. The reports will also analyze the impact of increasing or not increasing the debt limit and project the fiscal health of major entitlement programs like Social Security, Medicare, and Medicaid. Furthermore, the Secretary must report on the progress of implementing debt reduction proposals within 180 days of any debt limit increase or suspension, and all submitted reports must be made publicly accessible online. The bill also mandates that the Secretary of the Treasury provide specific financial and economic data related to the public debt, such as cash flow information and projections of operating cash balances, to the Chairs of the House Ways and Means Committee and the Senate Finance Committee upon written request.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6895/all-info