National Net Interest is National Security Act of 2025

National Net Interest is National Security Act of 2025 would require the federal government to produce a formal, periodic assessment of how rising national debt and the associated net interest payments could threaten U.S. national security. The Secretary of the Treasury, in consultation with the Secretaries of Defense and State, must deliver a report to key congressional committees within one year of enactment and then alongside the annual National Defense Strategy. The report would analyze how debt growth and debt service affect defense spending, federal revenue, the United States’ fiscal and economic capacity to respond to threats and crises, and mandatory programs (like Social Security, Medicare, and Medicaid). It also looks at broader financial implications for the U.S. dollar’s status in global markets, inflation, interest rates, and the country’s credit rating, and it requires recommendations for legislative action to mitigate these threats. The Comptroller General (GAO) would place related findings on the GAO High Risk List, signaling priority oversight. The bill specifies the relevant congressional committees that would receive and review the report.