To require that any debt limit increase or suspension be balanced by equal spending cuts over the next decade.

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

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House Committee on Ways and Means · U.S. House of Representatives

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Related bills

• S. 4173Dollar-for-Dollar Deficit Reduction ActIdentical bill

As identified by Congress.gov.

Full history

1. Aug 10, 2026

   Introduced

   Introduced in House

   U.S. House of Representatives

2. Aug 10, 2026

   Introduced

   Introduced in U.S. House

   U.S. House

3. Aug 10, 2026

   Referred to committee

   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.

4. Aug 10, 2026

   Referred to committee

   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.

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.