3.0.0 3579 2023-01-11T13:23:47Z 2023-01-11T13:23:47Z House H HR 2013-11-21 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARCHANT:H.R. 3579.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 2:The Congress shall have Power . . . To borrow Money on thecredit of the United States.Article I, section 8, clause 18:The Congress shall have Power . . . To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by theConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H7355]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-11-21T14:07:05Z 2013-12-04 Sponsor introductory remarks on measure. (CR E1788) IntroReferral B00100 9 Library of Congress 2013-11-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-11-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-11-21 Introduced in House IntroReferral 1000 9 Library of Congress M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 N B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2013-11-21 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2013-11-21 True R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2013-11-21 True B001255 Rep. Boustany, Charles W., Jr. [R-LA-3] Charles Boustany R LA W. 3 2013-11-21 True T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2013-11-21 True N000181 Rep. Nunes, Devin [R-CA-22] Devin Nunes R CA 22 2013-11-21 True R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2013-11-21 True G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2013-11-21 True P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2013-11-21 True J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2013-11-21 True B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2013-11-21 True S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2013-11-21 True Y000064 Rep. Young, Todd [R-IN-9] Todd Young R IN C. 9 2013-11-21 True K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 2013-11-21 True G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2013-11-21 True R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2013-11-21 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2013-11-21 True F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2013-11-21 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2013-11-21 True T000238 Rep. Thornberry, Mac [R-TX-13] WILLIAM THORNBERRY R TX M. 13 2013-11-21 True W000814 Rep. Weber, Randy K., Sr. [R-TX-14] Randy Weber R TX K. 14 2013-11-21 True F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2013-11-21 True M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2013-11-21 True L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2013-11-21 True P000265 Rep. Petri, Thomas E. [R-WI-6] TOM PETRI R WI 6 2013-11-21 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2013-11-21 True G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2013-11-21 True W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2013-11-21 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2013-11-22 False S001172 Rep. Smith, Adrian [R-NE-3] Adrian Smith R NE 3 2013-12-12 False B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 2013-12-12 False N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2013-12-12 False P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2013-12-12 False B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2013-12-12 False R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2013-12-16 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2014-01-31 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2014-02-10 False H000067 Rep. Hall, Ralph M. [R-TX-4] RALPH HALL R TX M. 4 2014-02-10 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2014-02-10 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2014-02-10 False B000213 Rep. Barton, Joe [R-TX-6] JOE BARTON R TX L. 6 2014-02-10 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2014-02-10 False H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2014-03-11 False L000576 Rep. Long, Billy [R-MO-7] Billy Long R MO 7 2014-06-20 False F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2014-07-08 False Economics and Public Finance Budget deficits and national debt Congressional oversight International monetary system and foreign exchange Medicaid Medicare Social security and elderly assistance Economics and Public Finance 00 2013-11-21 Introduced in House 2013-12-05T16:43:19Z Debt Management Act of 2013 - Requires the Secretary of the Treasury, within 21 to 60 days before any date on which the Secretary anticipates the public debt will reach the current debt limit, to appear before specified congressional committees to provide specified information. (The debt limit was $16.699 trillion before its suspension in the Continuing Appropriations Act, FY2014 [P.L. 113-46].)

Requires the Secretary to include in such appearance:

  • a report on the state of the public debt, including (1) its historical trajectory, major drivers of the current debt and their quantities, and debt projections; and (2) how, if the debt limit is raised, the United States will meet existing debt obligations, including principal and interest;
  • a detailed explanation of: (1) any proposal of the President to reduce the structural deficit in the short-term (the following fiscal year), medium-term (approximately 3-5 years), and long-term (approximately 10 years); (2) the impact an increased debt limit will have on future federal spending, service provision, and the status of the U.S. dollar as the international reserve currency; (3) projections of fiscal health and resilience to long-term entitlement program pressures (including Social Security, Medicare, and Medicaid), given the proposed measures to reduce the structural deficit and the amount of increase in the debt limit; and (4) any proposal of the President to reduce the debt-to-gross domestic product (GDP) ratio, based on current trends, with the exclusion of extreme events (i.e. military, economic, and natural catastrophes); and
  • a detailed report on the progress of implementing all such proposals.

Declares that this report shall only be delivered if a Secretary has already appeared at least once during any term of office for a particular President.

]]> Debt Management Act of 2013 Display Title Debt Management Act of 2013 Official Title as Introduced To require the Secretary of the Treasury to appear before certain committees of the Congress before the United States reaches the debt limit and defaults on Government obligations. Introduced in House IH Short Titles as Introduced Debt Management Act of 2013 Introduced in House 2013-11-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3579ih/xml/BILLS-113hr3579ih.xml 2013-12-04 Sponsor introductory remarks on measure. (CR E1788) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.