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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
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
Barry Loudermilk
RRepublican
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