Dollar-for-Dollar Deficit Reduction Act
The source supplies the latest action, but no lifecycle stage.
Latest action (10 Aug 2026): Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
H.R. 10078, introduced August 10, 2026 by Rep. Gregory Steube (R-FL17), would require that any future increase or suspension of the federal debt limit be matched by equal spending cuts over the following ten years. In practical terms, the bill would tie Congress's ability to raise or suspend the debt ceiling to an offsetting reduction in federal spending of equivalent size, spread over a decade.
The bill's direct effects would be on federal budget and appropriations processes rather than on individuals or businesses directly. Any future debt-limit legislation would need to be paired with corresponding spending-cut provisions, which could affect how Congress structures future budget negotiations, and indirectly affect federal agencies and programs subject to spending decisions.
The bill has just been introduced in the 119th Congress and has not yet been assigned to committee action beyond introduction, based on the information available. Its only recorded action so far is its introduction on August 10, 2026.
The full text of the bill has not yet been published, so specific mechanisms — such as how cuts would be calculated, which programs might be affected, or enforcement provisions — are not yet known. A more detailed summary will be possible once the bill text is released.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
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.
Timeline
10 Aug 2026
Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 10078 do?
- H.R. 10078, introduced August 10, 2026 by Rep. Gregory Steube (R-FL17), would require that any future increase or suspension of the federal debt limit be matched by equal spending cuts over the following ten years. In practical terms, the bill would tie Congress's ability to raise or suspend the debt ceiling to an offsetting reduction in federal spending of equivalent size, spread over a decade. The bill's direct effects would be on federal budget and appropriations processes rather than on individuals or businesses directly. Any future debt-limit legislation would need to be paired with corresponding spending-cut provisions, which could affect how Congress structures future budget negotiations, and indirectly affect federal agencies and programs subject to spending decisions. The bill has just been introduced in the 119th Congress and has not yet been assigned to committee action beyond introduction, based on the information available. Its only recorded action so far is its introduction on August 10, 2026. The full text of the bill has not yet been published, so specific mechanisms — such as how cuts would be calculated, which programs might be affected, or enforcement provisions — are not yet known. A more detailed summary will be possible once the bill text is released.
- Has H.R. 10078 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 10078. Check the latest action and official source below.
- Who sponsored H.R. 10078?
- H.R. 10078 was sponsored by Rep. Steube, W. Gregory [R-FL-17] (R-FL), with 1 cosponsor.
- What's the latest action on H.R. 10078?
- Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (10 Aug 2026).
Related bills in Economics and Public Finance
Congressional Budget Reform Act
A joint resolution proposing an amendment to the Constitution of the United States requiring a balanced budget and establishing the requisite procedures.
Spending Safeguard Act
A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036.
More bills from Rep. Steube, W. Gregory [R-FL-17]
SHIELD Act
Safeguarding America’s Nonprofits Act
GATOR Act of 2026
Restoring Economic Diesel Fuel Act of 2026
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