Debt Solution and Accountability Act
Key claim: The Debt Solution and Accountability Act would require the Treasury to report to Congress on debt levels, drivers, and presidential proposals to slow debt growth whenever the debt nears the statutory limit or a suspension expires, including fiscal-sustainability projections for Social Security, Medicare, and Medicaid.
Abstract
(HR6895 · 119th Congress) 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 on (1) any date on which the debt subject to limit reaches 99.5% of the federal debt limit, and (2) the date that is one month before the expiration of a suspension of the debt limit. The debt report must include the historical levels of the debt, current amount and composition of the debt, and future projections of the 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 or slow the growth of the debt, the impact of increasing the debt limit and of leaving the debt limit unchanged, and projections of the fiscal health and sustainability of major direct-spending entitlement programs (including Social Security, Medicare, and Medicaid). Within 180 days after the effective date of an increase in or suspension of the debt limit, Treasury must submit to Congress a detailed report on the progress of implementing the President’s proposals to reduce or slow the growth of the debt. 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. Latest action (2025-12-18): Referred to the House Committee on Ways and Means.
Why this matters
Debt-limit episodes recur as flashpoints for fiscal policy, but Congress often lacks a standardized Treasury briefing on what is driving debt growth or how entitlement programs project forward. This proposal would institutionalize transparency around those inflection points without altering tax rates or spending authority, making it a neutral procedural addition to the taxation/fiscal-policy landscape. Its impact falls primarily on Treasury reporting burdens and on the information available to lawmakers weighing future revenue or entitlement changes.