114-hr-3442114th Congress

Debt Management and Fiscal Responsibility Act of 2015

Sponsored By: Representative Marchant, Kenny [R-TX-24]

Unknown

Summary

Debt Management and Fiscal Responsibility Act of 2015 This bill requires the Secretary of the Treasury to provide a report to Congress prior to any date on which the Secretary anticipates the public debt will reach the statutory limit. The Secretary must appear before the House Ways and Means Committee and the Senate Finance Committee to submit a report including: the historic, current, and projected levels of the debt; the drivers and composition of future debt; and how the U.S. will meet debt obligations if the debt limit is raised. The Secretary must also provide a detailed explanation of: proposals of the President to reduce the debt and a progress report on implementing them; the impact an increased debt limit will have on future government spending, debt service, and the position of the U.S. dollar as the international reserve currency; and projections of the fiscal health and sustainability of major entitlement programs (including Social Security, Medicare, and Medicaid). The Department of the Treasury must make the information required by this bill available to the public on the Treasury website.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Marchant, Kenny [R-TX-24]

TX • R

Cosponsors

  • PATRICK TIBERI

    OH • R

    Sponsored 9/9/2015

  • Rep. Reed, Tom [R-NY-23]

    NY • R

    Sponsored 9/9/2015

  • Rep. Flores, Bill [R-TX-17]

    TX • R

    Sponsored 9/9/2015

  • SAM JOHNSON

    TX • R

    Sponsored 9/9/2015

  • Rep. Black, Diane [R-TN-6]

    TN • R

    Sponsored 9/9/2015

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 9/9/2015

  • Rep. Nunes, Devin [R-CA-22]

    CA • R

    Sponsored 9/9/2015

  • Rep. Buchanan, Vern [R-FL-16]

    FL • R

    Sponsored 9/9/2015

  • Rep. Noem, Kristi L. [R-SD-At Large]

    SD • R

    Sponsored 9/9/2015

  • Rep. Renacci, James B. [R-OH-16]

    OH • R

    Sponsored 9/9/2015

  • Rep. Price, Tom [R-GA-6]

    GA • R

    Sponsored 9/10/2015

  • Rep. Roskam, Peter J. [R-IL-6]

    IL • R

    Sponsored 9/10/2015

  • Rep. Jenkins, Lynn [R-KS-2]

    KS • R

    Sponsored 9/10/2015

  • Rep. Paulsen, Erik [R-MN-3]

    MN • R

    Sponsored 9/10/2015

  • Rep. Woodall, Rob [R-GA-7]

    GA • R

    Sponsored 9/10/2015

  • Rep. Hensarling, Jeb [R-TX-5]

    TX • R

    Sponsored 9/10/2015

  • Rep. Westmoreland, Lynn A. [R-GA-3]

    GA • R

    Sponsored 9/10/2015

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 9/10/2015

  • Rep. Carter, John R. [R-TX-31]

    TX • R

    Sponsored 9/10/2015

  • Rep. Holding, George [R-NC-2]

    NC • R

    Sponsored 9/10/2015

  • Rep. Farenthold, Blake [R-TX-27]

    TX • R

    Sponsored 9/10/2015

  • Rep. Foxx, Virginia [R-NC-5]

    NC • R

    Sponsored 9/10/2015

  • WILLIAM THORNBERRY

    TX • R

    Sponsored 9/10/2015

  • Rep. Reichert, David G. [R-WA-8]

    WA • R

    Sponsored 9/15/2015

  • Rep. McCaul, Michael T. [R-TX-10]

    TX • R

    Sponsored 9/15/2015

  • Rep. Meehan, Patrick [R-PA-7]

    PA • R

    Sponsored 9/16/2015

  • LAMAR SMITH

    TX • R

    Sponsored 9/16/2015

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 9/17/2015

  • Rep. Conaway, K. Michael [R-TX-11]

    TX • R

    Sponsored 9/17/2015

  • Sen. Young, Todd [R-IN]

    IN • R

    Sponsored 9/17/2015

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 9/17/2015

  • Rep. Boustany, Charles W., Jr. [R-LA-3]

    LA • R

    Sponsored 9/18/2015

  • Rep. Brady, Kevin [R-TX-8]

    TX • R

    Sponsored 9/22/2015

  • Rep. Olson, Pete [R-TX-22]

    TX • R

    Sponsored 9/28/2015

  • Rep. Forbes, J. Randy [R-VA-4]

    VA • R

    Sponsored 9/28/2015

Roll Call Votes

No roll call votes available for this bill.

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