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Debt Management and Fiscal Responsibility Act of 2015

Introduced: September 10, 2015 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 35 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2016
Received in the Senate and Read twice and referred to the Committee on Finance.
Feb 11, 2016
The previous question was ordered pursuant to the rule. (consideration: CR H746)
Feb 11, 2016
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3442.
Feb 11, 2016
Motion to reconsider laid on the table Agreed to without objection.
Feb 11, 2016
On passage Passed by recorded vote: 267 - 151 (Roll no. 76).
Feb 11, 2016
On motion to recommit with instructions Failed by recorded vote: 179 - 238 (Roll no. 75). (consideration: CR H748)
Feb 11, 2016
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H748)
Feb 11, 2016
DEBATE - The House proceeded with 10 minutes of debate on the Doggett motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments to require an analysis of the long-term revenue lost from tax avoidance and evasion resulting from inversions and the exploitation of tax loopholes by businesses and wealthy individuals and the long-term revenue effect of a shrinking middle class.
Feb 11, 2016
Mr. Doggett moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H747-748; text: CR H747)
Feb 11, 2016
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Feb 11, 2016
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3442.
Feb 11, 2016
POSTPONED PROCEEDINGS - At the conclusion of debate on the Takano amendment No. 8, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Takano demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Takano amendment No. 8.
Feb 11, 2016
POSTPONED PROCEEDINGS - At the conclusion of debate on the Grijalva amendment No. 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Grijavla demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Grijalva amendment No. 7.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Messer amendment No. 6.
Feb 11, 2016
POSTPONED PROCEEDINGS - At the conclusion of debate on the Duffy amendment No. 5, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Duffy demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Duffy amendment No. 5.
Feb 11, 2016
POSTPONED PROCEEDINGS - At the conclusion of debate on the Kelly (IL) amendment No. 4, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Kelly (IL) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Kelly (IL) amendment No. 4.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H. Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Newhouse amendment No. 3.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H.Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Huelskamp amendment No. 2.
Feb 11, 2016
DEBATE - Pursuant to the provisions of H.Res. 609, the Committee of the Whole proceeded with 10 minutes of debate on the Grijalva amendment No. 1.
Feb 11, 2016
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3442.
Feb 11, 2016
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 609 and Rule XVIII.
Feb 11, 2016
The Speaker designated the Honorable Bradley Byrne to act as Chairman of the Committee.
Feb 11, 2016
Resolution provides for consideration of H.R. 3442 and H.R. 3293.
Feb 11, 2016
Considered under the provisions of rule H. Res. 609. (consideration: CR H728-749; text of measure as reported in House: CR H735-736)
Feb 9, 2016
Rules Committee Resolution H. Res. 609 Reported to House. Resolution provides for consideration of H.R. 3442 and H.R. 3293.
Oct 7, 2015
Placed on the Union Calendar, Calendar No. 220.
Oct 7, 2015
Reported by the Committee on Ways and Means. H. Rept. 114-291.
Sep 10, 2015
Ordered to be Reported by the Yeas and Nays: 22 - 14.
Sep 10, 2015
Committee Consideration and Mark-up Session Held.
Sep 8, 2015
Referred to the House Committee on Ways and Means.
Sep 8, 2015
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Feb 11, 2016 House · vote #76 On Passage Passed 267–151 See who voted →
Feb 11, 2016 House · vote #75 On Motion to Recommit with Instructions Failed 179–238 See who voted →
 Amendments to this bill 8

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

5 agreed to 3 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 941 Takano, Mark Amendment sought to require the report by the Secretary of the Treasury to include the impact that the threat… Failed Feb 11, 2016
HAMDT 940 — Amendment sought to require the report by the Secretary of the Treasury to include individual salary and wage… Failed Feb 11, 2016
HAMDT 939 — Amendment requires the Secretary to report on extraordinary measures the Treasury Department intends to use i… Agreed to Feb 11, 2016
HAMDT 938 — Amendment requires the Secretary of the Treasury to notify Congress whether it is able to pay only principal … Agreed to Feb 11, 2016
HAMDT 937 Kelly, Robin L. Amendment sought to require the report by the Secretary of the Treasury to include an economic forecast of th… Failed Feb 11, 2016
HAMDT 936 Newhouse, Dan Amendment directs the Secretary of the Treasury to include in the debt report to Congress whether the Preside… Agreed to Feb 11, 2016
HAMDT 935 — Amendment requires the Secretary of the Treasury to provide weekly reporting of extraordinary measures and pr… Agreed to Feb 11, 2016
HAMDT 934 — Senate amendment inserts a complete new text entitled "Presidential Allowance Modernization Act of 2016" and … Agreed to Feb 11, 2016
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 Plain-English summary Congressional Research Service

Debt Management and Fiscal Responsibility Act of 2015

(Sec. 2) This bill requires the Secretary of the Treasury to provide a report to Congress prior to any date on which the Secretary anticipates the public debt will reach the statutory limit.

The Secretary must appear before the House Ways and Means Committee and the Senate Finance Committee to submit a report including:

  • historic, current, and projected levels of debt;
  • historic levels of revenue;
  • the drivers and composition of future debt;
  • how the United States will meet debt obligations if the debt limit is raised;
  • reduction measures Treasury intends to take to fund obligations if the debt limit is not raised; and
  • the President's recommendation regarding a balanced budget amendment to the U.S. Constitution.

The Secretary must also provide a detailed explanation of:

  • proposals to reduce the debt and a progress report on implementing them;
  • the impact an increased debt limit will have on future spending, debt service, and the position of the U.S. dollar as the international reserve currency;
  • projections of the fiscal health and sustainability of major entitlement programs (including Social Security, Medicare, and Medicaid);
  • measures Treasury is taking or intends to take to avoid default, including a plan to publicly disclose the details; and
  • Treasury's capability to pay only principal and interest on the debt if the limit is reached.

Treasury must make the information required by this bill available to the public on its website.

What's happening now February 22, 2016

Received in the Senate and Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • S 3182 Related bill Debt Management and Fiscal Responsibility Act of 2016
  • HRES 609 Related bill Providing for consideration of the bill (H.R. 3442) to provide further means of accountability of the United States deb…
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 11
All 11 Republican 9
R
Sessions, Pete
Texas · Sep 17, 2015
 R
Smith, Adrian
Nebraska · Sep 17, 2015
 R
Young, Todd
Indiana · Sep 17, 2015
 R
McCaul, Michael T.
Texas · Sep 15, 2015
 R
Carter, John R.
Texas · Sep 10, 2015
 R
Foxx, Virginia
North Carolina · Sep 10, 2015
THORNBERRY, WILLIAM
· Sep 10, 2015
 R
Williams, Roger
Texas · Sep 10, 2015
Woodall, Rob
· Sep 10, 2015
 R
Buchanan, Vern
Florida · Sep 9, 2015
 R
Kelly, Mike
Pennsylvania · Sep 9, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3442: Debt Management and Fiscal Responsibility Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3442/
MLA
"H.R. 3442: Debt Management and Fiscal Responsibility Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3442/.
Bluebook (legal)
H.R. 3442, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3442/.
Markdown link
[H.R. 3442: Debt Management and Fiscal Responsibility Act of 2015](https://openamerica.io/bill/114-HR-3442/)
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