{"bill":{"id":"119-hr-6895","congress":119,"type":"HR","number":6895,"title":"Debt Solution and Accountability Act","originChamber":"House","introducedDate":"2025-12-18","sponsors":[{"bioguideId":"S001199","fullName":"Rep. Smucker, Lloyd [R-PA-11]","party":"R","state":"PA","district":11}],"cosponsorsCount":8,"latestAction":{"actionDate":"2025-12-18","text":"Referred to the House Committee on Ways and Means."},"policyArea":"Economics and Public Finance","subjects":[],"actions":[{"date":"2025-12-18","text":"Referred to the House Committee on Ways and Means.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-12-18","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-12-18","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Debt Solution and Accountability Act</strong></p><p>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.&nbsp;</p><p>The debt report must include</p><ul><li>the historical levels of the debt, current amount and composition of the debt, and future projections of the debt;</li><li>the drivers and composition of future debt; and</li><li>how the United States will meet debt obligations.</li></ul><p>The statement of intent must include a detailed explanation of</p><ul><li>proposals of the President to reduce or slow the growth of the debt,</li><li>the impact of increasing the debt limit and of leaving the debt limit unchanged, and</li><li>projections of the fiscal health and sustainability of major direct-spending entitlement programs (including Social Security, Medicare, and Medicaid).</li></ul><p>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.&nbsp;</p><p>Treasury must make the information required by this bill available to the public on its website.</p><p>Upon request, Treasury must submit to Congress specified financial and economic data relevant to determining the amount of the public debt.</p>","updateDate":"2026-09-19T23:37:35Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":8020,"ts":"2026-10-13T15:00:08.013Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Debt%20Solution%20and%20Accountability%20Act"}]}}