The bill requires the Secretary of the Treasury, in consultation with the Secretaries of Defense and State, to submit reports on the national security threats posed by the increasing national debt and net interest payments. The report will assess the impact on defense spending, government revenue, response to geopolitical threats, and economic crises. It will also include evaluations of the dollar's value, credit rating, and inflation, along with recommendations for legislative action. Additionally, the Government Accountability Office must list these threats in its High-Risk List. The bill specifies the congressional committees that will oversee these reports.