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Debt Solution and Accountability Act: Enhancing Government Financial Transparency

This act aims to increase transparency in public debt management. After each debt limit increase, the government must present detailed plans for debt reduction and future spending projections. Citizens will gain easier access to this information, allowing them to better understand the nation's finances and their impact on daily life.
Key points
The government must publicly explain its plans to reduce public debt after each debt limit increase.
Citizens will have easy online access to reports on debt, its projections, and repayment plans.
The act requires regular financial data provision to Congress, increasing oversight of public spending.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_2110
Sponsor: Rep. Smucker, Lloyd [R-PA-11]
Process start date: 2021-03-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Debt Solution and Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2110.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-19.

What are the main provisions?

Key points include:

  • The government must publicly explain its plans to reduce public debt after each debt limit increase.
  • Citizens will have easy online access to reports on debt, its projections, and repayment plans.
  • The act requires regular financial data provision to Congress, increasing oversight of public spending.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smucker, Lloyd [R-PA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Public Investments