Extraordinary Measures Transparency Act

HR 737, the *Extraordinary Measures Transparency Act*, requires the U.S. Treasury Secretary to provide detailed reports to Congress when the federal debt approaches the statutory limit. Specifically, it mandates a 30-day report before hitting the limit (describing planned actions, costs, and funding duration), daily updates during the use of "extraordinary measures" (like suspending certain investments or selling securities), and a final summary after such measures end. These reports must detail the specific financial actions taken, their costs, and administrative expenses. The bill directly affects Congress by increasing transparency around the Treasury’s temporary financial strategies to avoid breaching the debt ceiling, without changing debt limit rules or funding.