The bill would require the Treasury Secretary to report to Congress about extraordinary measures used when the national debt approaches the debt limit. Thirty days before the debt limit is expected to be reached, the Secretary would describe planned measures and estimate their costs and how long they could fund federal operations. While using these measures, the Secretary would report daily which measures were taken and how much money was moved from which accounts. Afterward, the Secretary would report which measures were used and their administrative costs.
The bill sets reporting requirements for the Treasury Secretary. It does not establish direct actions for individuals.
The bill does not provide a total cost or funding amount. It would require reports to estimate the costs of extraordinary measures and their administration.
No publicly available information.
No publicly available information.