3.0.0 3526 2024-08-16T15:00:14Z 2024-08-16T15:00:14Z House H HR 2023-05-18 118 [Congressional Record Volume 169, Number 84 (Thursday, May 18, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NUNN of Iowa:H.R. 3526.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Goverment of theUnited States, or in any Department or Officer thereof.The single subject of this legislation is:To require the Secretary of the Treasury to issue reportswith respect to extraordinary measures, and for otherpurposes.[Page H2459]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-05-18T13:01:45Z 2023-05-18 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-05-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-18 Introduced in House IntroReferral 1000 9 Library of Congress N000193 Rep. Nunn, Zachary [R-IA-3] Zachary Nunn R IA 3 N D000230 Rep. Davis, Donald G. [D-NC-1] Donald Davis D NC G. 1 2023-05-18 True Economics and Public Finance Economics and Public Finance 2023-09-14T14:30:28Z 00 2023-05-18 Introduced in House 2024-08-16T14:54:10Z Extraordinary Measures Transparency Act

This bill requires the Department of the Treasury to report to Congress regarding extraordinary measures used to avoid exceeding the federal debt limit.

(The term extraordinary measures refers to a series of actions that Treasury may implement to allow the United States to borrow additional funds without exceeding the debt limit. The measures often include suspensions of debt sales and suspensions or redemptions of investments in certain government funds.)

If Treasury determines that the public debt will reach the limit in 30 days, Treasury must submit a report to Congress that includes

  • a description of the extraordinary measures that Treasury intends to use if the debt limit is not raised,
  • an estimate of the cost of the measures,
  • a projection of how long the measures will fund the federal government, and
  • a projection of the administrative cost of taking the measures.

Treasury must also submit specified daily reports to Congress when the measures are being used. After using the measures, Treasury must report to Congress regarding the measures that were used and the administrative cost of the measures.

]]> Extraordinary Measures Transparency Act Display Title 45 Extraordinary Measures Transparency Act 2024-07-24T15:22:02Z Short Title(s) as Introduced 101 Extraordinary Measures Transparency Act 2024-05-24T13:39:42Z Introduced in House IH Official Title as Introduced 6 To require the Secretary of the Treasury to issue reports with respect to extraordinary measures, and for other purposes. 2024-03-18T20:51:13Z Introduced in House IH Introduced in House 2023-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3526ih/xml/BILLS-118hr3526ih.xml 2023-05-18 Referred to the House Committee on Ways and Means. 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.