I 
116TH CONGRESS 
1ST SESSION H. R. 3946 
To provide further means of accountability with respect to the United States 
debt and promote fiscal responsibility. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 24, 2019 
Mr. MARCHANT (for himself, Mr. SCHWEIKERT, and Mr. ARRINGTON) intro-
duced the following bill; 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 responsibility. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Debt Solution and Ac-
countability Act’’. 
SEC. 2. SECRETARY OF THE TREASURY REPORT TO CON-
GRESS AFTER DEBT LIMIT IS INCREASED. 
(a) IN GENERAL.—Subchapter II of chapter 31 of 
title 31, United States Code, is amended by adding at the 
end the following: 
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‘‘§ 3131. Report after debt limit is increased. 
‘‘(a) IN GENERAL.—Not more than 60 days after the 
limit specified under section 3101, as modified by section 
3101A, is increased, the Secretary of the Treasury shall 
submit a report to the Committee on Ways and Means 
of the House of Representatives, the Committee on Appro-
priations of the House of Representatives, the Committee 
on the Budget of the House of Representatives, the Com-
mittee on Finance of the Senate, the Committee on Appro-
priations of the Senate, and the Committee on the Budget 
of the Senate consisting of the following: 
‘‘(1) DEBT REPORT.—A report on the state of 
the public debt, including— 
‘‘(A) the historical levels of the debt, cur-
rent amount and composition of the debt, and 
future projections of the debt; 
‘‘(B) the drivers and composition of future 
debt; and 
‘‘(C) how the United States will meet debt 
obligations, including principal and interest. 
‘‘(2) STATEMENT OF INTENT.—A detailed ex-
planation of— 
‘‘(A) proposals of the President to reduce 
the public debt in the short term (the current 
and following three fiscal years), medium term 
(approximately five to nine fiscal years), and 
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long term (approximately ten to twenty-five fis-
cal years), and proposals of the President to ad-
just the debt-to-gross domestic product ratio; 
‘‘(B) the impact the increased debt limit 
will have on future Government spending, debt 
service, and the position of the United States 
dollar as the international reserve currency; and 
‘‘(C) projections of fiscal health and sus-
tainability of major direct-spending entitlement 
programs (including Social Security, Medicare, 
and Medicaid). 
‘‘(b) PROGRESS REPORT.—Not more than 180 days 
after the report described in subsection (a) is submitted, 
the Secretary of the Treasury shall submit a detailed re-
port on the progress of implementing all proposals of the 
President described under paragraph (2)(A). 
‘‘(c) PUBLIC ACCESS TO INFORMATION.—The Sec-
retary of the Treasury shall furnish publicly accessible 
links on the web page of the Department of the Treasury 
to each report submitted under this section. Such links 
shall be available for not less than the 6-month period fol-
lowing the date of such submission.’’. 
(b) CLERICAL AMENDMENT.—The table of analysis 
for chapter 31 of title 31, United States Code, is amended 
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by inserting after the item relating to section 3130 the 
following: 
‘‘3131. Report after debt limit is increased.’’. 
SEC. 3. 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 Senate but no more than four times 
per fiscal year for each, 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 States, including— 
(1) cash flow and debt transaction information 
used in preparing the Daily Treasury Statement, in-
cluding current balances, receipts, and payments; 
(2) operating cash balance projections; and 
(3) relevant information regarding any extraor-
dinary measures (as defined under section 3131(d) 
of title 31, United States Code) taken to prevent the 
public debt from exceeding the limitation imposed by 
section 3101 of title 31, United States Code, as 
modified by section 3101A of such title. 
Æ 
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