Dollar-for-Dollar Deficit Reduction Act

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

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.

Requires future debt limit increases to be matched by equal government spending cuts over the next decade.

This bill would ensure that any time the government needs to raise or temporarily pause its borrowing limit, it must also agree to cut an equal or greater amount of spending over the next ten years. It would require the President to propose these cuts and Congress to pass them, changing how the nation's debt is managed.

What Would Change

Right now, the President and Congress don't have to propose or pass spending cuts when they raise or temporarily pause the government's borrowing limit. Also, the Treasury Secretary doesn't have a formal process to warn Congress about an upcoming debt limit breach. If this bill passes, the President would have to propose equal or greater spending cuts over 10 years with any debt limit request, and Congress would be blocked from voting on debt limit changes without those matching cuts. The Treasury Secretary would also have to formally warn Congress within 60 days of a potential debt limit breach.

Key Provisions

Requires the President to propose specific spending cuts equal to or greater than any requested debt limit increase over the next ten years.
Blocks Congress from voting on debt limit increases unless the bill includes equal or greater spending cuts over the next ten budget years.
Blocks Congress from voting on debt limit suspensions unless the bill includes equal or greater spending cuts over the next ten budget years, based on projected debt.
Sets strict rules for how the Congressional Budget Office would calculate these spending cuts, preventing tricks like moving costs outside the ten-year window.
Requires the Treasury Secretary to formally warn key Congressional committees if the government is within 60 days of hitting the debt limit.

View on Congress.gov

HR 10078 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10

Dollar-for-Dollar Deficit Reduction Act

What Would Change

Key Provisions

Lobbying Activity