Lloyd Smucker (R-PA)

Debt Solution and Accountability Act

H.R. 6895 · House bill Economics and Public Finance

A Republican bill with 2 Democratic cosponsors · See all 8 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Debt Solution and Accountability Act aims to provide more accountability regarding the United States debt and promote fiscal responsibility. It requires the Secretary of the Treasury to submit detailed reports to several House and Senate committees on specified reporting dates. These reports must include the state of the public debt, future projections, and the President's proposals to reduce debt growth. Additionally, the Secretary must provide a progress report after any increase or suspension of the debt limit takes effect. The bill also mandates that these reports be made publicly accessible on the Department of the Treasury's website. Finally, it provides for specific financial and economic data to be shared with certain Congressional Chairmen upon request.

Yes· 3 of 4

  • Scored +9

    Does this make what the government does easier for the public to see?

    The bill mandates public access to debt reports via the Treasury's website and detailed reporting to Congress.

  • Scored +8

    Does this make the government pay for what it commits to?

    The primary goal of the act is to provide accountability and promote fiscal responsibility regarding the US debt.

  • Scored +2

    Does this reduce what the federal government owes?

    The bill promotes fiscal responsibility by requiring reports on debt growth and the President's proposals to reduce it.

The opposite

No question was scored the opposite.