Debt Solution and Accountability Act
Sponsored By: Representative Smucker
Introduced
Summary
Requires regular, detailed debt and policy reporting from Treasury to Congress that explains how the U.S. would meet its obligations and what presidential options exist to reduce debt. The reports would pair historical and projected debt figures with proposed short-, medium-, and long-term measures to lower the debt-to-GDP ratio and assess effects on Social Security, Medicare, Medicaid, debt service, and the dollar's reserve status.
Show full summary
- Congressional oversight: Key House and Senate budget, tax, and appropriations committees would receive a combined debt and policy report on specified reporting dates. The Secretary would also have to provide requested Treasury cash-flow and debt transaction data within 30 days and a progress report within 180 days after any debt limit increase or suspension.
- Public access and markets: Each report must be posted on the Treasury website with links kept public for at least six months so citizens and markets can review projections and policy options tied to debt-limit events.
- Entitlement and fiscal planning: Reports must include projections on the sustainability of Social Security, Medicare, and Medicaid and show how proposed measures affect future spending and debt service.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Smucker
PA • R
Cosponsors
Suozzi
NY • D
Sponsored 12/18/2025
Edwards
NC • R
Sponsored 2/9/2026
Roll Call Votes
No roll call votes available for this bill.
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