Legislation Archive

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.

Directs the Department of the Interior to remove all deed restrictions from a 3.62 acre parcel at the Paducah Memorial Army Reserve Center in Paducah Kentucky

Expands federal spending transparency requirements by making other transaction agreement expenditures reportable on USAspending.gov and requiring oversight of missing data

Reauthorizes the National Emergency Medical Services Memorial Foundation to establish a Washington DC monument honoring emergency medical services, with authority lasting seven years after enactment

Expands the above-the-line federal tax deduction for educator expenses to include early childhood educators in prekindergarten schools

Extends federal disaster tax relief by continuing casualty loss deductions and income exclusions for certain wildfire relief payments through 2026

Continues FY2027 funding for federal agencies through December 11, 2026 or until regular appropriations are enacted, while extending multiple expiring federal programs and authorities