,,ii  #aaith ,,congress  #ast ,session  
,s4 #bcge  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bb1     
#bjbe,mr4 ,cassidy 7for himself and ,mr4
 ,peters7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,finance  ,a ,,bill   
,to require a report on the threats to  
the national security of the ,united    
,states posed by the national debt and  
net interest payments on that debt4  #a4
 ,short title ,this ,act may be cited as
 the ,national ,net ,interest is        
,national ,security ,act of #bjbe4  #b4 
,report on national security threats    
from the national debt and net interest 
payments  7a7 ,in general ,the          
,secretary of the ,treasury1 in         
consultation with the ,secretary of     
,defense and the ,secretary of ,state1  
shall submit to the appropriate         
congressional committees a report on the
 threats posed to the national security 
of the ,united ,states by the increases 
in the national debt and net interest   

payments on that debt predicted as of   
the date of the report-- 7#a7 not later 
than one year after the date of the     
enactment of this ,act2 and  7#b7       
thereafter concurrent with the          
submission to ,congress of the national 
defense strategy under section #aac7;g7 
of title #aj1 ,united ,states ,code4    
7b7 ,elements ,the report required by   
subsection 7a7 shall include-- 7#a7 an  
assessment of the effect of the         
increases in the national debt and net  
interest payments described in          
subsection 7a7 on-- 7,a7 defense        
discretionary spending2  7,b7 the       
revenue received by the ,federal        
,government2  7,c7 the capacity of the  
,united ,states-- 7i7 to operate an     
efficient and effective response for    
national defense2  7ii7 to respond to   
emerging and future geopolitical threats
 and crises2  7iii7 to respond to       
economic depressions1 recessions1 and   
other economic crises2 and  7iv7 to meet
 mandatory spending obligations1        

including for-- 7,i7 the ,social        
,security program under title ,,ii of   
the ,social ,security ,act 7#db         
,u4,s4,c4 #dja et seq472  7,,ii7 the    
,medicare program under title ,,xviii of
 the ,social ,security ,act 7#db        
,u4,s4,c4 #acie et seq472  7,,iii7 the  
,medicaid program under title ,,xix of  
the ,social ,security ,act 7#db         
,u4,s4,c4 #acif et seq472 and  7,,iv7   
other mandatory spending programs the   
,secretary of the ,treasury determines  
appropriate to include2  7,d7 the value 
and use of the ,united ,states dollar in
 global financial markets1 the status of
 the dollar as a global reserves        
currency1 and international exchange    
rates2  7,e7 the credit rating of the   
,united ,states2  7,f7 inflation in the 
,united ,states2 and  7,g7 interest     
rates in the ,united ,states2  7#b7 an  
assessment of the likelihood of net     
interest payments crowding out other    
discretionary spending priorities1      
including-- 7,a7 priorities relating to 

national security and diplomacy2 and    
7,b7 public investment to address       
economic challenges2 and  7#c7          
recommendations for legislative action  
to reduce the threats to national       
security posed by the national debt and 
net interest payments4  7c7 ,inclusion  
in ,high ,risk ,list of ,government     
,accountability ,office ,the            
,comptroller ,general of the ,united    
,states shall include matters relating  
to the threats posed to the national    
security of the ,united ,states by the  
increases in the national debt and net  
interest payments on that debt to the   
matters on the ,high ,risk ,list of the 
,government ,accountability ,office4    
7d7 ,appropriate congressional          
committees defined ,in this section1 the
 term appropriate congressional         
committees means-- 7#a7 the ,committee  
on ,finance1 the ,committee on ,foreign 
,relations1 and the ,committee on ,armed
 ,services of the ,senate2 and  7#b7 the
 ,committee on ,ways and ,means1 the    

,committee on ,foreign ,affairs1 and the
 ,committee on ,armed ,services of the  
,house of ,representatives4