1. Short title This Act may be cited as the Debt Solution and Accountability Act . 2. Secretary of the Treasury report to Congress after debt limit is increased (a) In general Subchapter II of chapter 31 of title 31, United States Code, is amended by adding at the end the following: 3131. Report after debt limit is increased. (a) In general Not more than 60 days after the limit specified under section 3101, as modified by section 3101A, is increased, the Secretary of the Treasury shall submit a report to the Committee on Ways and Means of the House of Representatives, the Committee on Appropriations of the House of Representatives, the Committee on the Budget of the House of Representatives, the Committee on Finance of the Senate, the Committee on Appropriations of the Senate, and the Committee on the Budget of the Senate consisting of the following: (1) Debt Report A report on the state of the public debt, including— (A) the historical levels of the debt, current amount and composition of the debt, and future projections of the debt; (B) the drivers and composition of future debt; and (C) how the United States will meet debt obligations, including principal and interest. (2) Statement of intent A detailed explanation of— (A) proposals of the President to reduce the public debt in the short term (the current and following three fiscal years), medium term (approximately five to nine fiscal years), and long term (approximately ten to twenty-five fiscal years), and proposals of the President to adjust the debt-to-gross domestic product ratio; (B) the impact the increased debt limit will have on future Government spending, debt service, and the position of the United States dollar as the international reserve currency