118th Congress · HOUSE BILLBILL

H.R. 4651To 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.

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.

Economics and public finance
Introduced Jul 14, 2023
Last action Jul 14, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jul 14, 2023
Step 2
Referred
Jul 14, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires the Department of the Treasury to issue a report when it uses extraordinary measures to meet federal funding obligations without issuing additional Treasury securities.  (The term extraordinary measures generally refers to actions that Treasury may implement to allow the United States to borrow additional funds without exceeding the statutory debt limit. The measures generally include suspensions or delays of debt sales and suspensions or redemptions of investments in certain government funds.) The bill requires Treasury to issue the report to the voting members of the Financial Stability Oversight Council, the Office of Financial Research, the House Committee on Financi...

Provisions · 1 sectionsIntroduced in House
Timeline · 2 actions
Jul 14, 2023
Introduced in House
Jul 14, 2023
Referred to the House Committee on Ways and Means.