H.R. 1529House115th Congress (2017-2019)In Committee

Debt Limit Control and Accountability Act of 2017

Introduced March 15, 2017

AI-Generated Summary

Updated April 15, 2026 at 1:42 PM UTC

The Debt Limit Control and Accountability Act of 2017 would stop the Treasury Secretary from using so‑called extraordinary measures to keep the government from hitting the statutory debt ceiling or to manage finances after the ceiling is reached. It defines which actions count as extraordinary measures and removes a provision that lets the President modify the debt ceiling. The bill also expresses Congress’s view that the debt limit should not be suspended and that future increases should be tied to spending cuts.

Key Provisions

  • Prohibits the Treasury Secretary from using extraordinary measures to prevent reaching or to manage after the statutory debt limit is hit.
  • Defines “extraordinary measures” to include suspending investments in specific funds, halting issuance of certain securities, redeeming early securities, and other actions to avoid default.
  • Repeals section 3101A of Title 31, eliminating the President’s ability to modify the debt ceiling.
  • States that the debt limit should not be suspended, Treasury should prioritize bondholder payments if the limit is reached, and future debt‑limit raises should be linked to agreements to cut or control spending.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

March 15, 2017

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HouseIntro Referral

Introduced in House

March 15, 2017

HouseIntro Referral

Referred to the House Committee on Ways and Means.

March 15, 2017

Floor Debate

18 members

What members said about H.R. 1529 on the floor

13 Republicans5 Democrats
David P. Roe
Rep. David P. RoeR-TN-1 · Jun 13, 2017

Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days to revise and extend their remarks and include extraneous material on S. 1094. Mr. Speaker, pursuant to House Resolution…

Timothy J. Walz
Rep. Timothy J. WalzD-MN-1 · Jun 13, 2017

Mr. Speaker, I yield myself such time as I may consume. I would like to associate myself with the chairman's remarks, especially the thanks of all the people involved in this. I think, Mr. Speaker,…

Mark Takano
Rep. Mark TakanoD-CA-41 · Jun 13, 2017

Mr. Speaker, I thank the ranking member for yielding time. And I want to thank Ranking Member Walz and Chairman Roe for their work on the issue of accountability and their tireless commitment to our…

Kevin McCarthy
Rep. Kevin McCarthyR-CA-23 · Jun 13, 2017

I thank the gentleman for yielding. Mr. Speaker, first and foremost, I want to thank Chairman Roe and the House Committee on Veterans' Affairs for their work on this legislation and their focus on…

Brian J. Mast
Rep. Brian J. MastR-FL-18 · Jun 13, 2017

Mr. Speaker, I want to thank the chairman for yielding me time, and the ranking member, both of the gentlemen, for their leadership, and also our Senator from Florida, Senator Rubio, for his…

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Bruce Poliquin
Rep. Bruce PoliquinR-ME-2 · Jun 13, 2017

Mr. Speaker, I appreciate the opportunity to address the Floor on this important issue. Gentlemen, it was our first Commander in Chief, George Washington, who said something to the effect that we can…

John H. Rutherford
Rep. John H. RutherfordR-FL-4 · Jun 13, 2017

Mr. Speaker, I rise today in strong support of S. 1094, the Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017. As we have all seen from various reports and news…

Jodey C. Arrington
Rep. Jodey C. ArringtonR-TX-19 · Jun 13, 2017

Mr. Speaker, it is my highest privilege to serve with Chairman Roe and Ranking Member Walz on the VA Committee, and I am grateful for the honor to serve as chairman of the Subcommittee on Economic…

Scott H. Peters
Rep. Scott H. PetersD-CA-52 · Jun 13, 2017

Mr. Speaker, for everything our veterans have given in service to the country, they have earned their benefits and access to timely, quality healthcare at the VA. That is the promise that was made to…

Gerald E. Connolly
Rep. Gerald E. ConnollyD-VA-11 · Jun 13, 2017

Mr. Speaker, I strongly support increased accountability and whistleblower protection at the Department of Veterans Affairs. And I recognize that S. 1094 represents a compromise approach that was…

Jack Bergman
Rep. Jack BergmanR-MI-1 · Jun 13, 2017

Mr. Speaker, I rise today in support of S. 1094, the Department of Veterans Affairs Accountability and Whistleblower Protection Act. Anyone who has been responsible for the success of a business or…

Gus M. Bilirakis
Rep. Gus M. BilirakisR-FL-12 · Jun 13, 2017

Mr. Speaker, I rise today in support of the Department of Veterans Affairs Accountability and Whistleblower Protection Act. As a grateful nation, we must implement meaningful VA reform. Every day…

Julia Brownley
Rep. Julia BrownleyD-CA-26 · Jun 13, 2017

Mr. Speaker, I rise in support of this bill to hold bad actors accountable and make the VA a stronger system for our Nation's veterans. Since the unacceptable wait time scandal came to light in 2014,…

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Brian K. Fitzpatrick
Rep. Brian K. FitzpatrickR-PA-8 · Jun 13, 2017

Mr. Speaker, I thank the chairman, the ranking member, and Senator Rubio for their leadership. Mr. Speaker, scandal after scandal has caused heightened distrust between veterans and the VA. For far…

Luke Messer
Rep. Luke MesserR-IN-6 · Jun 13, 2017

Mr. Speaker, I appreciate the gentleman's leadership on this important issue. Mr. Speaker, our veterans deserve high-quality healthcare. They have earned it. That is why I rise today to urge support…

Neal P. Dunn
Rep. Neal P. DunnR-FL-2 · Jun 13, 2017

Mr. Speaker, I rise today in support of the Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017. This important legislation will streamline the arduous process to…

Jenniffer González-Colón

Mr. Speaker, since the day I was elected to Congress, I pledged to do everything in my power to help veterans receive the care and attention they deserve. S. 1094 will ensure that persons hired to…

Mike Coffman
Rep. Mike CoffmanR-CO-6 · Jun 13, 2017

Mr. Speaker, my colleagues and I rise today in support of the Department of Veterans Affairs and Whistleblower Protection Act, which the House of Representatives will consider today. Time and time…

Bill Text

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Introduced in HouseIssued March 15, 2017

I

115th CONGRESS

1st Session

H. R. 1529

IN THE HOUSE OF REPRESENTATIVES

March 15, 2017

Mr. Sanford (for himself and Mr. Meadows) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To prohibit the Secretary of the Treasury from using extraordinary measures to prevent the Government from reaching the statutory debt limit, or using extraordinary measures once such limit has been reached, and for other purposes.

1.

Short title

This Act may be cited as the Debt Limit Control and Accountability Act of 2017.

2.

Prohibition on use of extraordinary measures

(a)

In general

The Secretary of the Treasury may not use extraordinary measures—

(1)

to prevent the United States from reaching the statutory debt limit under section 3101 of title 31, United States Code; or

(2)

once such debt limit has been reached.

(b)

Extraordinary measures defined

For purposes of this section, the term extraordinary measures means—

(1)

suspending the investments of the Thrift Savings Plan G Fund;

(2)

suspending the investments of the Exchange Stabilization Fund;

(3)

suspending the issuance of new securities to the Civil Service Retirement and Disability Fund and Postal Service Retiree Health Benefits Fund;

(4)

redeeming early securities held by the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund;

(5)

suspending the issuance of new State and Local Government Series securities and savings bonds;

(6)

replacing Treasury securities subject to the debt limit with debt issued by the Federal Financing Bank; or

(7)

any other extraordinary actions taken by the Secretary to avoid defaulting on the obligations of the United States.

3.

Repeal of Presidential modification of the debt ceiling

Chapter 31 of title 31, United States Code, is amended—

(1)

by repealing section 3101A; and

(2)

in the table of contents for such chapter, by striking the item relating to section 3101A.

4.

Sense of Congress

It is the sense of Congress that—

(1)

the statutory debt limit under section 3101 of title 31, United States Code, should not be suspended;

(2)

if the United States reaches the statutory debt limit, the Secretary of the Treasury should prioritize payments to bondholders, so as to avoid defaulting on any maturing debt; and

(3)

future increases in the statutory debt limit should be tied to or contingent upon agreements to cut or control spending.