Debt Management and Fiscal Responsibility Act of 2015

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.

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Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 22 February 2016

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• 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

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• Introduced in House

  summary · EN · 8 September 2015

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