Extraordinary Measures Transparency Act
Introduced Jan 24, 2025 by Rep. Zachary Nunn
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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,
Read the full summary on Congress.govSummary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.