Requires Congress to cut spending when raising or suspending the national debt limit.
This bill would require Congress to find spending cuts that are equal to or greater than any increase or suspension of the national debt limit. It would also make the President propose spending cuts when asking to raise the debt limit. These new rules would change how the government manages its borrowing and spending.
Today, Congress can raise or suspend the national debt limit without being required to make equal spending cuts. The President also doesn't have to propose spending cuts when asking for a debt limit increase. After this bill, any Presidential request to raise the debt limit would need to include proposed legislation for equal or greater spending cuts over 10 years. Congress would also be blocked from voting on debt limit increases or suspensions unless they include equal or greater spending reductions over the next decade.
S 4173 · 119th Congress · March 24, 2026 · AI Summary by gemini-2.5-flash · 9/10
Sign in to see your representatives' phone numbers