PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Ways and Means.
Congressional Research Service
Version 00 · Introduced in House · Jan 13, 2017
Debt Transparency and Accountability Act
This bill requires the Secretary of the Treasury to provide a report to Congress prior to any date on which Treasury anticipates the public debt will reach the statutory limit.
The Secretary must appear before the House Ways and Means Committee and the Senate Finance Committee to submit a debt report including: (1) historic, current, and projected levels of debt; (2) the drivers and composition of future debt; and (3) how the United States will meet debt obligations if the debt limit is raised.
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The Secretary must also provide a detailed explanation of:
proposals to reduce the debt and a progress report on implementing them;
the impact an increased debt limit will have on future government spending, debt service, and the position of the U.S. dollar as the international reserve currency;
projections of the fiscal health and sustainability of major entitlement programs;
any extraordinary measures Treasury intends to take to fund federal government obligations if the debt limit is not raised and projections of the administrative cost and duration of the measures.
Treasury must make specified information required by this bill available to the public on its website.
Upon request, Treasury must submit to Congress specified financial and economic data relevant to determining the amount of the public debt.
People & committees
Rep. Marchant, Kenny [R-TX-24] · R–TX
Legislative record
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Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.
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