,,ib  ,union ,calendar ,no4 #bbj  #aadth
 ,,congress  #ast ,session  ,h4 ,r4     
#cddb  ,report ,no4 #aad-bia  ,,in ,,the
 ,,house ,,of ,,representatives         
,september #h1 #bjae ,mr4 ,marchant     
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,october #g1 #bjae ,additional 
sponsors3 ,mr4 ,tiberi1 ,mr4 ,reed1 ,mr4
 ,flores1 ,mr4 ,sam ,johnson of ,texas1 
,mrs4 ,black1 ,mr4 ,kelly of            
,pennsylvania1 ,mr4 ,nunes1 ,mr4        
,buchanan1 ,mrs4 ,noem1 ,mr4 ,renacci1  
,mr4 ,tom ,price of ,georgia1 ,mr4      
,roskam1 ,ms4 ,jenkins of ,kansas1 ,mr4 
,paulsen1 ,mr4 ,woodall1 ,mr4           
,hensarling1 ,mr4 ,westmoreland1 ,mr4   
,williams1 ,mr4 ,carter of ,texas1 ,mr4 
,holding1 ,mr4 ,farenthold1 ,ms4 ,foxx1 
,mr4 ,thornberry1 ,mr4 ,reichert1 ,mr4  
,mc,caul1 ,mr4 ,meehan1 ,mr4 ,smith of  
,texas1 ,mr4 ,sessions1 ,mr4 ,conaway1  
,mr4 ,young of ,indiana1 ,mr4 ,smith of 
,nebraska1 ,mr4 ,boustany1 ,mr4 ,brady  
of ,texas1 ,mr4 ,olson1 and ,mr4 ,forbes

  ,october #g1 #bjae ,committed to the  
,committee of the ,whole ,house on the  
,state of the ,union and ordered to be  
printed  ,a ,,bill  ,to provide further 
means of accountability of the ,united  
,states debt and promote fiscal         
responsibility4  #a4 ,short title ,this 
,act may be cited as the ,debt          
,management and ,fiscal ,responsibility 
,act of #bjae4  #b4 ,secretary of the   
,treasury report to ,congress before    
reaching debt limit  7a7 ,in general    
,subchapter ,,ii of chapter #ca of title
 #ca1 ,united ,states ,code1 is amended 
by adding at the end the following3     
#caca4 ,report before reaching debt     
limit  7a7 ,in general ,not more than   
sixty days and not less than twenty-one 
days prior to any date on which the     
,secretary of the ,treasury anticipates 
the public debt will reach the limit    
specified under section #caja1 as       
modified by section #caja;,a1 the       
,secretary shall appear before the      
,committee on ,ways and ,means of the   

,house of ,representatives and the      
,committee on ,finance of the ,senate1  
to submit the information described     
under subsection 7b74  7b7 ,information 
required ,to be presented ,in an        
appearance described under subsection   
7a71 the ,secretary shall submit the    
following3  7#a7 ,debt ,report ,a report
 on the state of the public debt1       
including-- 7,a7 the historical levels  
of the debt1 current amount and         
composition of the debt1 and future     
projections of the debt2  7,b7 the      
drivers and composition of future debt2 
and  7,c7 how1 if the debt limit is     
raised1 the ,united ,states will meet   
debt obligations1 including principal   
and interest4  7#b7 ,statement of intent
 ,a detailed explanation of-- 7,a7      
proposals of the ,president to reduce   
the public debt in the short term 7the  
current and following fiscal year71     
medium term 7approximately three to five
 fiscal years71 and long term           
7approximately ten fiscal years71 and   

proposals of the ,president to adjust   
the debt-to-gross domestic product      
ratio2  7,b7 the impact an increased    
debt limit will have on future          
,government spending1 debt service1 and 
the position of the ,united ,states     
dollar as the international reserve     
currency2 and  7,c7 projections of      
fiscal health and sustainability of     
major direct-spending entitlement       
programs 7including ,social ,security1  
,medicare1 and ,medicaid74  7#c7        
,progress report  7,a7 ,in general ,a   
detailed report on the progress of      
implementing all proposals of the       
,president described under subparagraph 
7,a7 of paragraph 7#b74  7,b7 ,exception
 ,the report described under this       
paragraph shall only be submitted if a  
,secretary has already appeared at least
 once pursuant to this section during   
any term of office for a particular     
,president4  7c7 ,public access to      
information ,the ,secretary of the      
,treasury shall place on the homepage of

 the ,department of the ,treasury a link
 to a webpage that shall serve as a     
repository of information made available
 to the public for at least #f months   
following the date of release of the    
relevant information1 including3 7#a7   
,the debt report submitted under        
subsection 7b77#a74  7#b7 ,the detailed 
explanation submitted under subsection  
7b77#b74  7#c7 ,the progress report     
submitted under subsection 7b77#c74     
7#d7 ,such other information as the     
,secretary reasonably believes is       
necessary or helpful to the public in   
understanding the statutory debt limit1 
,government debt1 and the reports and   
explanations described under paragraphs 
7#a71 7#b71 and 7#c74  4  7b7 ,clerical 
amendment ,the table of analysis for    
chapter #ca of title #ca1 ,united       
,states ,code1 is amended by inserting  
after the item relating to section #cacj
 the following3  #caca4 ,report before  
reaching debt limit4  4  ,october #g1   
#bjae ,committed to the ,committee of   

the ,whole ,house on the ,state of the  
,union and ordered to be printed