,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #fhie  ,,in ,,the ,,house ,,of  
,,representatives  ,december #ah1       
#bjbe,mr4 ,smucker 7for himself and ,mr4
 ,suozzi7 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 before 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 before debt limit is increased
  7a7  ,in general  ,on each specified  
reporting date1 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 or
 slow the growth of 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 lower the
 debt-to-gross domestic product ratio2  
7,b7 the impact 7including the impact on
 future ,government spending1 debt      
service1 and the position of the ,united
 ,states dollar as the international    
reserve currency7 of increasing the debt
 limit and of leaving the debt limit    
unchanged2 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 any date on which any        
increase1 or suspension1 of the         
limitation imposed under section #caja  
takes effect1 the ,secretary of the     
,treasury shall submit a detailed report
 on the progress of implementing all    
proposals of the ,president described   
under subsection 7a77#b77;,a74  7c7     
,specified reporting date  ,for purposes
 of this section1 the term specified    
reporting date means--  7#a7 any date on

 which the debt subject to limit under  
section #caja reaches #ii4e percent of  
the limitation imposed under such       
section2 and  7#b7 with respect to any  
period for which the limitation imposed 
under section #caja is suspended1 the   
date which is #a month before the       
expiration of such suspension4  7d7     
,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 ,senate1  
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 taken to     
prevent the public debt from exceeding  
the limitation imposed by section #caja 
of title #ca1 ,united ,states ,code4