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HOUSE 737119th CongressReferred to the Committee on Armed Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Supporting the designation of September 22 as "National Veterans Suicide Awareness and Remembrance Day" and recognizing the Suicide Awareness and Remembrance Flag.

Last Action
9/18/2025

Actions

  • 2025-01-24Referred to the House Committee on Ways and Means.
  • 2025-01-24Introduced in House
  • 2025-01-24Introduced in House

CRS Summary

As of 2025-01-24 (00)

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.

Cosponsors (1)

  • Donald Davis (D-NC)

Subjects

  • Budget deficits and national debt
  • Congressional oversight
  • Department of the Treasury
  • Government information and archives
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.