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119-hr-6895119th Congress

Debt Solution and Accountability Act

Sponsored By: Representative Smucker, Lloyd [R-PA-11]

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.

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  • 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, Lloyd [R-PA-11]

PA • R

Cosponsors

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 12/18/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 2/9/2026

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 5/7/2026

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 5/12/2026

  • Rep. Case, Ed [D-HI-1]

    HI • D

    Sponsored 5/13/2026

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 5/14/2026

  • Rep. Schweikert, David [R-AZ-1]

    AZ • R

    Sponsored 5/20/2026

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 6/23/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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