HR 4651 United States House · 118th Congress

To require the Secretary of the Treasury to issue a report containing information on extraordinary measures available when the debt of the United States Government approaches the statutory limit, and for other purposes.

This bill requires the Treasury Secretary to issue a report to key congressional committees and financial oversight bodies when extraordinary measures are used to avoid exceeding the U.S. debt limit. The report must detail available measures (with dollar amounts), project critical dates (like when cash reserves hit $50 billion or the debt nears the limit), and include an assessment of whether the debt limit threatens financial stability. It aims to provide Congress with timely, data-driven information about U.S. debt management challenges without altering the debt limit itself.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 14, 2023 Last action Jul 14, 2023
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Committee
1
Jul 14, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Jul 14, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Barry Loudermilk
Barry Loudermilk
RRepublican
GA
11