3.0.0 1265 2024-07-24T15:23:33Z 2024-07-24T15:23:33Z House H HR 2023-02-28 118 [Congressional Record Volume 169, Number 38 (Tuesday, February 28, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SMUCKER:H.R. 1265.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution of the UnitedStates.The single subject of this legislation is:This legislation makes requirements of the Secretary of theTreasury regarding increases in the debt limit.[Page H972]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-02-28T15:06:05Z 2023-02-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-02-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-28 Introduced in House IntroReferral 1000 9 Library of Congress S001199 Rep. Smucker, Lloyd [R-PA-11] Lloyd Smucker R PA 11 N Economics and Public Finance Budget deficits and national debt 2023-03-22T20:01:29Z Congressional oversight 2023-03-22T20:01:29Z Government information and archives 2023-03-22T20:01:29Z International monetary system and foreign exchange 2023-03-22T20:01:29Z Medicaid 2023-03-22T20:01:29Z Medicare 2023-03-22T20:01:29Z Social security and elderly assistance 2023-03-22T20:01:29Z Economics and Public Finance 2023-03-17T13:30:32Z 00 2023-02-28 Introduced in House 2023-03-17T13:33:48Z Debt Solution and Accountability Act

This bill requires the Department of the Treasury to submit to Congress a debt report and a statement of intent within 60 days of an increase in the public debt limit.

The debt report must include

  • the historic, current, and projected levels of debt;
  • the drivers and composition of future debt; and
  • how the United States will meet debt obligations.

The statement of intent must include a detailed explanation of

  • proposals of the President to reduce the debt;
  • the impact the 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).

Treasury must make the information required by this bill available to the public on its website.

Upon request, Treasury must submit to Congress specified financial and economic data relevant to determining the amount of the public debt.

]]> Debt Solution and Accountability Act Display Title 45 Debt Solution and Accountability Act 2024-07-24T15:23:33Z Short Title(s) as Introduced 101 Debt Solution and Accountability Act 2024-05-24T13:42:01Z Introduced in House IH Official Title as Introduced 6 To provide further means of accountability with respect to the United States debt and promote fiscal responsibility. 2024-03-18T20:23:41Z Introduced in House IH Introduced in House 2023-02-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1265ih/xml/BILLS-118hr1265ih.xml 2023-02-28 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.