legislation: 115-hr-3498

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-hr-3498 115 hr 3498 Extraordinary Measures Transparency Act Economics and Public Finance 2017-07-27 2017-07-27 Referred to the House Committee on Ways and Means. House Rep. Messer, Luke [R-IN-6] IN R M001189 0 Extraordinary Measures Transparency Act This bill requires the Department of the Treasury to report to Congress regarding extraordinary measures used to avoid exceeding the statutory debt limit. Extraordinary measures include suspensions and delays of debt sales and auctions, suspending or redeeming investments in certain government funds, and issuing debt to enter into an exchange transaction for debt that is subject to the limit. 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. 2023-01-11T13:37:17Z  

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