,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cidf  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bd1 #bjai ,mr4
 ,marchant 7for himself1 ,mr4           
,schweikert1 and ,mr4 ,arrington7       
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to provide further 
means of accountability with respect to 
the ,united ,states debt and promote    
fiscal responsibility4  #a4 ,short title
 ,this ,act may be cited as the ,debt   
,solution and ,accountability ,act4  #b4
 ,secretary of the ,treasury report to  
,congress after debt limit is increased 
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  
after debt limit is increased4  7a7 ,in 
general ,not more than #fj days after   
the limit specified under section #caja1
 as modified by section #caja;,a1 is    
increased1 the ,secretary of the        
,treasury shall submit a report to the  

,committee on ,ways and ,means of the   
,house of ,representatives1 the         
,committee on ,appropriations of the    
,house of ,representatives1 the         
,committee on the ,budget of the ,house 
of ,representatives1 the ,committee on  
,finance of the ,senate1 the ,committee 
on ,appropriations of the ,senate1 and  
the ,committee on the ,budget of the    
,senate consisting of 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 how 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 three fiscal years71 medium   
term 7approximately five to nine fiscal 

years71 and long term 7approximately ten
 to twenty-five fiscal years71 and      
proposals of the ,president to adjust   
the debt-to-gross domestic product      
ratio2  7,b7 the impact the 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  7b7         
,progress report ,not more than #ahj    
days after the report described in      
subsection 7a7 is submitted1 the        
,secretary of the ,treasury shall submit
 a detailed report on the progress of   
implementing all proposals of the       
,president described under paragraph    
7#b77;,a74  7c7 ,public access to       
information ,the ,secretary of the      
,treasury shall furnish publicly        
accessible links on the web page of the 

,department of the ,treasury to each    
report submitted under this section4    
,such links shall be available for not  
less than the #f-month period following 
the date of such submission4  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 after debt limit is increased4  
4  #c4 ,access to certain ,treasury     
,department data ,not later than thirty 
days after receipt of a written request 
from the ,chairman of the ,committee on 
,ways and ,means of the ,house of       
,representatives or the ,committee on   
,finance of the ,senate but no more than
 four times per fiscal year for each1   
the ,secretary of the ,treasury shall   
provide to the requesting ,chairman     
financial and economic data relevant to 
determining the amount of the public    
debt of the ,united ,states1 including--
  7#a7 cash flow and debt transaction   

information used in preparing the ,daily
 ,treasury ,statement1 including current
 balances1 receipts1 and payments2  7#b7
 operating cash balance projections2 and
  7#c7 relevant information regarding   
any extraordinary measures 7as defined  
under section #caca7;d7 of title #ca1   
,united ,states ,code7 taken to prevent 
the public debt from exceeding the      
limitation imposed by section #caja of  
title #ca1 ,united ,states ,code1 as    
modified by section #caja;,a of such    
title4