PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Ways and Means.
Congressional Research Service
Version 00 · Introduced in House · Jan 24, 2025
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.
People & committees
Rep. Nunn, Zachary [R-IA-3] · R–IA
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: Jun 13, 2025. Consult Congress.gov for the current record.
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