Dollar-for-Dollar Deficit Reduction Act

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

Assigned to a committee for review.

House Committee on the Budget · U.S. House of Representatives

Also referred to Senate Committee on the Budget · U.S. Senate.

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Cosponsors

Related bills

• H.R. 10078To require that any debt limit increase or suspension be balanced by equal spending cuts over the next decade.Identical bill
• H.R. 1289, 118th CongressRelated bill in another Congress
• S. 714, 118th CongressRelated bill in another Congress

As identified by Congress.gov.

Full history

1. Mar 24, 2026

   Introduced

   Introduced in U.S. Senate

   U.S. Senate

2. Mar 24, 2026

   Referred to committee

   Read twice and referred to the Committee on the Budget. (text: CR S1582-1583)

3. Mar 24, 2026

   Referred to committee

   Read twice and referred to the Committee on the Budget. (text: CR S1582-1583)

4. Mar 24, 2026

   Referred to committee

   Read twice and referred to the Committee on the Budget. (text: CR S1582-1583)

Read the record

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