H.R. 10078119th CongressReferred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Dollar-for-Dollar Deficit Reduction Act

Introduced: Aug 10, 2026

Latest action: Aug 10, 2026

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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Plain-English AI Summary

What this bill means

Generated from the official bill text to make the legislation easier to understand.

Summary Ready

What this bill does

This bill requires the federal government to match any increase or suspension of the national debt limit with an equal or greater amount of federal spending cuts over an 11-year period (the current fiscal year plus the next 10 fiscal years). It creates advance warning requirements for Treasury officials, rules for presidential debt requests, and procedural rules in Congress to block votes on debt limit legislation that lacks matching spending cuts.

Who it affects

* **The Secretary of the Treasury:** Required to monitor the debt limit and send advance warnings to designated congressional committees. * **The President:** Required to submit proposed legislation cutting spending whenever formally asking Congress to raise the debt limit. * **Congress (House of Representatives and Senate):** Restricted from considering legislation that increases or suspends the debt limit without mandatory matching spending reductions. * **Congressional Budget Office (CBO):** Required to calculate spending reductions, project debt accumulation during debt limit suspensions, and publish cost estimates online before congressional votes.

What would change

* **Early Debt Limit Warnings:** The Treasury Secretary must issue a "near breach warning" to the House Committee on Ways and Means and the Senate Committee on Finance if the government is expected to hit the debt limit within 60 calendar days, even if the Treasury uses extraordinary measures to keep paying bills. The notification must estimate when those measures will be necessary. * **Presidential Debt Requests:** If the President formally requests a debt limit increase, the request must state the exact dollar amount requested and include proposed legislation detailing spending cuts over an 11-year window equal to or greater than that dollar amount. * **Restrictions on Raising the Debt Limit:** Congress is prohibited from considering legislation that increases the debt limit unless it includes net spending reductions equal to or greater than the increase over 11 years. * **Restrictions on Suspending the Debt Limit:** Congress is prohibited from considering legislation that suspends the debt limit unless it includes net spending cuts over 11 years equal to or greater than the new debt CBO projects will build up during the suspension period. * **24-Hour Public Review Rule:** Neither the House nor the Senate may vote on debt limit legislation until the CBO cost estimate has been publicly available on the CBO website for at least 24 hours.

Money or funding

The bill does not directly appropriate new funds, create taxes, or levy fees. Instead, it mandates that any statutory debt limit increase or suspension be paired with binding net spending cuts equal to or greater than the requested increase or the debt accumulated during a suspension over an 11-year baseline.

Important exceptions or limits

* **Interest Savings Excluded:** Reductions in government interest payments on the national debt cannot be counted toward the required spending reductions. * **Emergency Spending Baseline Rule:** Spending reductions must be calculated against CBO's standard budget baseline and cannot count savings derived from ending spending originally designated as emergency spending. * **Timing Shifts Prohibited:** Provisions that merely delay spending or shift revenue past the 10-year budget window cannot be counted as spending reductions. * **Senate Waiver Threshold:** The restrictions in the Senate can be bypassed or overridden, but only through a supermajority vote of three-fifths (60 votes) of sworn Senators.

Plain-English bottom line

This bill requires the U.S. government to cut at least one dollar of federal spending over 11 years for every dollar it increases or adds to the national debt limit, enforcing this policy through strict procedural voting rules in Congress.

This summary was generated by AI from the official bill text. It is intended to make legislation easier to understand and does not replace the original legal language.

AI model: gemini-3.6-flashUpdated: Sep 19, 2026Review official bill text ↗

Official Summary

Official legislative summary associated with this bill.

Dollar-for-Dollar Deficit Reduction Act The bill establishes a framework to require legislation that increases or suspends the public debt limit to include spending reductions that are equal to or greater than the projected increase in debt that will occur under the legislation. The bill allows the spending reductions to be phased in over the period that includes the current and next 10 fiscal years. Specifically, the bill requires the Department of the Treasury to notify the House Ways and Means Committee and the Senate Finance Committee when it determines that the federal government will reach the debt limit within 60 days without the implementation of extraordinary measures. The notification must also indicate when extraordinary measures may be necessary to prolong the funding of the federal government in the absence of a debt limit increase. In addition, the bill requires any formal presidential request to increase the debt limit to include (1) the amount of the proposed increase, and (2) proposed legislation to reduce spending by an amount that is equal to or greater than the amount of the requested increase. Finally, the bill establishes budget points of order that may be raised in the House of Representatives and the Senate against legislation that increases or suspends the debt limit and does not contain net spending reductions that are equal to or greater than the increase in the debt that will occur under the legislation.

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