Dollar-for-Dollar Deficit Reduction Act

Read twice and referred to the Committee on the Budget.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Feb 2, 2015

Dollar-for-Dollar Deficit Reduction Act

This bill requires the Department of the Treasury to issue a debt limit warning to Congress if Treasury determines that the United States will reach the statutory debt limit within 60 days. The warning must include a determination of when extraordinary measures may be necessary to prolong the funding of the United States government in the absence of a debt limit increase.

Any formal Presidential request to increase the debt limit must include: (1) the amount of the proposed increase, and (2) proposed legislation to reduce spending over the sum of the current and following 10 years by at least the amount of the requested increase.

The bill amends the Congressional Budget Act of 1974 to create a point of order in the House and Senate against legislation increasing the debt limit, unless the legislation reduces spending over the sum of the current and following 10 years by at least the amount of the increase.

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People & committees

Who introduced it

Sen. Portman, Rob [R-OH] · R–OH

Committees

Budget Committee

11 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Feb 2, 2015
Read twice and referred to the Committee on the Budget.
Feb 2, 2015
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Feb 2, 2015 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

S 716 · Dollar-for-Dollar Deficit Reduction Act

Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.

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Objective

Analyze S.333 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.333, 114th Congress: Dollar-for-Dollar Deficit Reduction Act

Official record: https://www.congress.gov/bill/114th-congress/senate-bill/333

Text version to examine: Introduced in Senate · 2015-02-02.

Official full text: https://www.congress.gov/114/bills/s333/BILLS-114s333is.htm

Imported record last updated by the source: 2025-08-12T14:15:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.333 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.333 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.333, 114th Congress: Dollar-for-Dollar Deficit Reduction Act

Official record: https://www.congress.gov/bill/114th-congress/senate-bill/333

Text version to examine: Introduced in Senate · 2015-02-02.

Official full text: https://www.congress.gov/114/bills/s333/BILLS-114s333is.htm

Imported record last updated by the source: 2025-08-12T14:15:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.333 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.333 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.333, 114th Congress: Dollar-for-Dollar Deficit Reduction Act

Official record: https://www.congress.gov/bill/114th-congress/senate-bill/333

Text version to examine: Introduced in Senate · 2015-02-02.

Official full text: https://www.congress.gov/114/bills/s333/BILLS-114s333is.htm

Imported record last updated by the source: 2025-08-12T14:15:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.333 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.333 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.333, 114th Congress: Dollar-for-Dollar Deficit Reduction Act

Official record: https://www.congress.gov/bill/114th-congress/senate-bill/333

Text version to examine: Introduced in Senate · 2015-02-02.

Official full text: https://www.congress.gov/114/bills/s333/BILLS-114s333is.htm

Imported record last updated by the source: 2025-08-12T14:15:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.333 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.