What does Preamble of Dollar-for-Dollar Deficit Reduction Act do?

This bill, formally titled 'A BILL To require that any debt limit increase or suspension be balanced by equal spending cuts over the next decade,' aims to balance any increase or suspension of the debt limit with equivalent spending reductions. The bill requires that any debt limit increase or suspension be offset by equal spending cuts over a ten-year period.

What does SHORT TITLE. of Dollar-for-Dollar Deficit Reduction Act do?

This bill is formally titled the Dollar-for-Dollar Deficit Reduction Act.

What does AMENDMENT TO TITLE 31. of Dollar-for-Dollar Deficit Reduction Act do?

This section amends Title 31 of the United States Code by adding section 3101B, titled 'Debt limit control'. The Secretary of the Treasury is required to issue a 'debt limit warning' to the Senate Committee on Finance and the House Committee on Ways and Means when a 'near breach' of the public debt limit is anticipated. A 'near breach' is defined as the point where the Secretary determines the U.S. Government will reach the debt limit within 60 days, even with 'extraordinary measures'. Extraordinary measures are defined as actions taken by the Secretary of the Treasury to prolong government funding in the absence of a debt limit increase. Any presidential request to increase the debt limit must be accompanied by proposed legislation to reduce spending over the next 10 years by an amount equal to or greater than the requested increase. Spending reductions cannot include net interest savings. The spending savings calculation will be based on a budget baseline consistent with section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985.

What does CONGRESSIONAL REQUIREMENT TO RESTRAIN SPENDING WHILE RAISING OR of Dollar-for-Dollar Deficit Reduction Act do?

This section amends the Congressional Budget Impoundment Control Act of 1974 to establish points of order regarding increases or suspensions of the debt limit. It prohibits consideration of bills increasing the debt limit unless they contain net spending reductions equal to or greater than the increase over a 10-year period, excluding net interest savings. Similarly, it prohibits consideration of bills suspending the debt limit unless they contain net spending reductions equal to or greater than the projected debt amount for the suspension period. The Congressional Budget Office (CBO) calculates these savings against a baseline and determines the projected debt amount. Provisions shifting outlays or revenues outside a 10-year window are not counted towards the savings target. In the Senate, waivers or suspensions of these points of order require a three-fifths vote of the Members. Appeals of rulings on these points of order in the Senate also require a three-fifths vote.

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Dollar-for-Dollar Deficit Reduction Act

Last updated: 3/24/2026 · Introduced: 3/24/2026

Author: John Barrasso (R-WY)

TL;DR (AI)

This bill mandates that any increase or suspension of the debt limit must be offset by equivalent spending cuts over a ten-year period, excluding net interest savings.
The bill requires the Secretary of the Treasury to issue warnings when the U.S. Government nears the debt limit and mandates that presidential requests for debt limit increases be accompanied by proposed legislation for equal spending reductions.
Congress is prohibited from considering bills that raise or suspend the debt limit unless they include net spending reductions equal to or greater than the increase or projected debt amount, respectively.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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