United States · Bill · HR
H.R. 3442 (114th)
Debt Management and Fiscal Responsibility Act of 2015
Introduced
8 September 2015
Last action
22 February 2016 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Finance.
Sponsors
Rep. Marchant, Kenny [R-TX-24], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Reed, Tom [R-NY-23], Rep. Flores, Bill [R-TX-17], Rep. Johnson, Sam [R-TX-3], Rep. Black, Diane [R-TN-6], Rep. Kelly, Mike [R-PA-16], Rep. Nunes, Devin [R-CA-22], Rep. Buchanan, Vern [R-FL-16], Rep. Noem, Kristi L. [R-SD-At Large], James Renacci, Rep. Price, Tom [R-GA-6], Rep. Roskam, Peter J. [R-IL-6], Rep. Jenkins, Lynn [R-KS-2], Rep. Paulsen, Erik [R-MN-3], Rep. Woodall, Rob [R-GA-7], Rep. Hensarling, Jeb [R-TX-5], Rep. Westmoreland, Lynn A. [R-GA-3], Rep. Williams, Roger [R-TX-25], Rep. Carter, John R. [R-TX-31], Rep. Holding, George [R-NC-2], Rep. Farenthold, Blake [R-TX-27], Rep. Foxx, Virginia [R-NC-5], Rep. Thornberry, Mac [R-TX-13], Rep. Reichert, David G. [R-WA-8], Rep. McCaul, Michael T. [R-TX-10], Rep. Meehan, Patrick [R-PA-7], Rep. Smith, Lamar [R-TX-21], Rep. Sessions, Pete [R-TX-17], Rep. Conaway, K. Michael [R-TX-11], Sen. Young, Todd [R-IN], Rep. Smith, Adrian [R-NE-3], Rep. Boustany, Charles W., Jr. [R-LA-3], Rep. Brady, Kevin [R-TX-8], Rep. Olson, Pete [R-TX-22], Rep. Forbes, J. Randy [R-VA-4]
Subjects
Taxation
Source updated
7 April 2025
Summary
Debt Management and Fiscal Responsibility Act of 2015 This bill requires the Secretary of the Treasury to provide a report to Congress prior to any date on which the Secretary anticipates the public debt will reach the statutory limit. The Secretary must appear before the House Ways and Means Committee and the Senate Finance Committee to submit a report including: the historic, current, and projected levels of the debt; the drivers and composition of future debt; and how the U.S. will meet debt obligations if the debt limit is raised. The Secretary must also provide a detailed explanation of: proposals of the President to reduce the debt and a progress report on implementing them; the impact an increased debt limit will have on future government spending, debt service, and the position of the U.S. dollar as the international reserve currency; and projections of the fiscal health and sustainability of major entitlement programs (including Social Security, Medicare, and Medicaid). The Department of the Treasury must make the information required by this bill available to the public on the Treasury website.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
8 September 2015
Introduced
Introduced in House
Source: IntroReferral
8 September 2015
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
8 September 2015
Introduced
Introduced in House
Source: IntroReferral
10 September 2015
Vote
Ordered to be Reported by the Yeas and Nays: 22 - 14.
Source: Committee
10 September 2015
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
7 October 2015
Calendars
Placed on the Union Calendar, Calendar No. 220.
Source: Calendars
7 October 2015
Reported
Reported by the Committee on Ways and Means. H. Rept. 114-291.
Source: Committee
7 October 2015
Reported
Reported by the Committee on Ways and Means. H. Rept. 114-291.
Source: Committee
9 February 2016
Reported
Rules Committee Resolution H. Res. 609 Reported to House. Resolution provides for consideration of H.R. 3442 and H.R. 3293.
Source: Floor
11 February 2016
Floor
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3442.
Source: Floor
11 February 2016
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
11 February 2016
Vote
On passage Passed by recorded vote: 267 - 151 (Roll no. 76).
Source: Floor
11 February 2016
Vote
Passed/agreed to in House: On passage Passed by recorded vote: 267 - 151 (Roll no. 76).
Source: Floor
11 February 2016
Vote
On motion to recommit with instructions Failed by recorded vote: 179 - 238 (Roll no. 75). (consideration: CR H748)
Source: Floor
11 February 2016
Floor
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H748)
Source: Floor
11 February 2016
Floor
Mr. Doggett moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H747-748; text: CR H747)
Source: Floor
11 February 2016
Passed
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Source: Floor
11 February 2016
Floor
The previous question was ordered pursuant to the rule. (consideration: CR H746)
Source: Floor
11 February 2016
Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3442.
Source: Floor
11 February 2016
Floor
Resolution provides for consideration of H.R. 3442 and H.R. 3293.
Source: Floor
11 February 2016
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 609 and Rule XVIII.
Source: Floor
11 February 2016
Floor
The Speaker designated the Honorable Bradley Byrne to act as Chairman of the Committee.
Source: Floor
11 February 2016
Reported
Considered under the provisions of rule H. Res. 609. (consideration: CR H728-749; text of measure as reported in House: CR H735-736)
Source: Floor
22 February 2016
Introduced
Received in the Senate and Read twice and referred to the Committee on Finance.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 22 February 2016 · Download file
- Engrossed in House · 11 February 2016 · Download file
- Reported in House · 7 October 2015 · Download file
- Introduced in House · 8 September 2015 · Download file
Documents
11 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 22 February 2016
Referred in Senate (PDF)
Referred in Senate · EN · 22 February 2016
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Engrossed in House (text)
Engrossed in House · EN · 11 February 2016
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Engrossed in House (PDF)
Engrossed in House · EN · 11 February 2016
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Passed House amended
summary · EN · 11 February 2016
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Reported in House (text)
Reported in House · EN · 7 October 2015
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Reported in House (PDF)
Reported in House · EN · 7 October 2015
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Reported to House without amendment
summary · EN · 7 October 2015
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Introduced in House (text)
Introduced in House · EN · 8 September 2015
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Introduced in House (PDF)
Introduced in House · EN · 8 September 2015
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 8 September 2015
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Marchant, Kenny [R-TX-24] · R · Sponsor
- Rep. Tiberi, Patrick J. [R-OH-12] · R · Cosponsor
- Rep. Reed, Tom [R-NY-23] · R · Cosponsor
- Rep. Flores, Bill [R-TX-17] · R · Cosponsor
- Rep. Johnson, Sam [R-TX-3] · R · Cosponsor
- Rep. Black, Diane [R-TN-6] · R · Cosponsor
- Rep. Kelly, Mike [R-PA-16] · R · Cosponsor
- Rep. Nunes, Devin [R-CA-22] · R · Cosponsor
- Rep. Buchanan, Vern [R-FL-16] · R · Cosponsor
- Rep. Noem, Kristi L. [R-SD-At Large] · R · Cosponsor
- James Renacci · R · Cosponsor
- Rep. Price, Tom [R-GA-6] · R · Cosponsor
- Rep. Roskam, Peter J. [R-IL-6] · R · Cosponsor
- Rep. Jenkins, Lynn [R-KS-2] · R · Cosponsor
- Rep. Paulsen, Erik [R-MN-3] · R · Cosponsor
- Rep. Woodall, Rob [R-GA-7] · R · Cosponsor
- Rep. Hensarling, Jeb [R-TX-5] · R · Cosponsor
- Rep. Westmoreland, Lynn A. [R-GA-3] · R · Cosponsor
- Rep. Williams, Roger [R-TX-25] · R · Cosponsor
- Rep. Carter, John R. [R-TX-31] · R · Cosponsor
- Rep. Holding, George [R-NC-2] · R · Cosponsor
- Rep. Farenthold, Blake [R-TX-27] · R · Cosponsor
- Rep. Foxx, Virginia [R-NC-5] · R · Cosponsor
- Rep. Thornberry, Mac [R-TX-13] · R · Cosponsor
- Rep. Reichert, David G. [R-WA-8] · R · Cosponsor
- Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
- Rep. Meehan, Patrick [R-PA-7] · R · Cosponsor
- Rep. Smith, Lamar [R-TX-21] · R · Cosponsor
- Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
- Rep. Conaway, K. Michael [R-TX-11] · R · Cosponsor
- Sen. Young, Todd [R-IN] · R · Cosponsor
- Rep. Smith, Adrian [R-NE-3] · R · Cosponsor
- Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Cosponsor
- Rep. Brady, Kevin [R-TX-8] · R · Cosponsor
- Rep. Olson, Pete [R-TX-22] · R · Cosponsor
- Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
- · ssfi00 · Standing
- · hswm00 · Standing
Related records
- related to ← Providing for consideration of the bill (H.R. 3442) to provide further means of accountability of the United States debt and promote fiscal responsibility, and providing for consideration of the bill (H.R. 3293) to provide for greater accountability in Federal funding for scientific research, to promote the progress of science in the United States that serves that national interest.
- related to ← Debt Management and Fiscal Responsibility Act of 2016
- amends ← Senate amendment inserts a complete new text entitled "Presidential Allowance Modernization Act of 2016" and appears on page H4562 of the Congressional Record of July 8, 2016.
- amends ← Amendment requires the Secretary of the Treasury to provide weekly reporting of extraordinary measures and projected exhaustion dates upon notification that the debt limit has been reached.
- amends ← Amendment directs the Secretary of the Treasury to include in the debt report to Congress whether the President recommends that Congress adopt a balanced budget amendment to control the accumulation of future debt.
- amends ← Amendment sought to require the report by the Secretary of the Treasury to include an economic forecast of the negative consequences of failing to raise the debt limit, including costs associated with public health and safety.
- amends ← Amendment requires the Secretary of the Treasury to notify Congress whether it is able to pay only principal and interest on the national debt, as opposed to other obligations, in the event that the debt limit is reached.
- amends ← Amendment requires the Secretary to report on extraordinary measures the Treasury Department intends to use if the debt limit is not lifted; project how long such measures will fund the Federal government; and project the administrative costs to the Treasury Department associated with taking such actions.
Showing 8 of 10 related records.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/house-bill/3442
- Open data entity: https://api.congress.gov/v3/bill/114/hr/3442
- us · 114-hr-3442 · source updated 7 April 2025