S 4173 · 119th Congress

Dollar-for-Dollar Deficit Reduction Act

This bill creates a new rule: whenever Congress wants to raise the nation's borrowing limit (the debt ceiling), they must also pass spending cuts that equal or exceed the amount of the increase. The idea is to prevent Congress from simply raising the debt limit without addressing the underlying spending problem. For…

Sponsor

Barrasso, John (R-Wyoming)

Introduced

2026-03-24

Policy area

Economics and Public Finance