H.R. 3442Debt Management and Fiscal Responsibility Act of 2015

6 recorded actions125 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Kenny Marchant [R-TX-24]
Cosponsors: 35 · 35 Republicans
Policy area: Economics and Public Finance
Committees: Ways and Means Committee, Finance Committee
Latest action: Feb 22, 2016 · Received in the Senate and Read twice and referred to the Committee on Finance.

IntroducedSep 8, 2015
Passed the HouseFeb 11, 2016
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

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.

Written by the nonpartisan Congressional Research Service, describing H.R. 3442 as passed House amended on Feb 11, 2016. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 34426 roll calls on this measure

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Feb 11, 2016Each bar: ✓ Yea from the bottom, ✕ Nay aboveFeb 11, 2016

How every member votedHouse roll call 76

House Feb 11, 2016 · the primary vote

On Passage

Debt Management and Fiscal Responsibility Act of 2015

Passed

267 Yea 151 Nay 15 not voting

Party-line vote 28 of 418 voting members broke with their own party: 28 Democrats.

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How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic188 members

Republican245 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors35 · 35 Republicans

Signing on is not a vote: a member can cosponsor H.R. 3442 and vote against it. 0 signed when it was filed.

Who lobbied on H.R. 34422 organizations

Organizations that named H.R. 3442 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

AMERICANS FOR TAX REFORM

Trade (domestic/foreign) · Energy/Nuclear · Copyright/Patent/Trademark · Fuel/Gas/Oil +16 more2 filings · 4th Quarter (Oct 1 - Dec 31) 2015Filing

SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)

Small Business1 filing · 1st Quarter (Jan 1 - Mar 31) 2016Filing

3 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.