119th Congress · introduced in the Senate · Mar 24, 2026
Dollar-for-Dollar Deficit Reduction Act
Official title from Congress.gov
Latest action (Mar 24, 2026): Read twice and referred to the Committee on the Budget. (text: CR S1582-1583)
View on Congress.govPolicy area: Economics and Public Finance
Congressional Research Service summary, version: Introduced in Senate (Mar 24, 2026)
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on the Budget. (text: CR S1582-1583)
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
3 citations.
NATIONAL TREASURY EMPLOYEES UNION · lobbying firm or registrant: NATIONAL TREASURY EMPLOYEES UNION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Budget/Appropriations
$310,000
Spent on own lobbying
…ion Act S. 3066, Pay the People Act S. 3681, Keep Our Border Agents Paid Act S. 3951, Balanced Budget Responsibility Act of 2026 S. 4012, Fiscal Commission Act S. 4173, Dollar-for-Dollar Deficit Reduction Act S. 4174, A bill to provide a premium payment to employees who worked without receiving pay during the shutdown of the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL TREASURY EMPLOYEES UNION · lobbying firm or registrant: NATIONAL TREASURY EMPLOYEES UNION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Budget/Appropriations
$340,000
Spent on own lobbying
…ion Act S. 3066, Pay the People Act S. 3681, Keep Our Border Agents Paid Act S. 3951, Balanced Budget Responsibility Act of 2026 S. 4012, Fiscal Commission Act S. 4173, Dollar-for-Dollar Deficit Reduction Act S. 4174, A bill to provide a premium payment to employees who worked without receiving pay during the shutdown of the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL TREASURY EMPLOYEES UNION · lobbying firm or registrant: NATIONAL TREASURY EMPLOYEES UNION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 13, 2026 · issue area: Budget/Appropriations
$310,000
Spent on own lobbying
…ion Act S. 3066, Pay the People Act S. 3681, Keep Our Border Agents Paid Act S. 3951, Balanced Budget Responsibility Act of 2026 S. 4012, Fiscal Commission Act S. 4173, Dollar-for-Dollar Deficit Reduction Act S. 4174, A bill to provide a premium payment to employees who worked without receiving pay during the shutdown of the…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing