Bill > HR3526

This bill, the Extraordinary Measures Transparency Act, requires the Secretary of the Treasury to issue reports related to the use of "extraordinary measures" - actions the Treasury can take to temporarily extend the government's ability to borrow money when it is nearing the debt limit (the maximum amount of debt the government can hold). Specifically, the bill mandates that the Treasury Secretary must: 1) Issue a report 30 days before the debt limit is reached, describing the extraordinary measures they plan to use, estimating their cost, projecting how long they will fund the government, and estimating their administrative costs. 2) Provide daily reports to Congress while using extraordinary measures, listing which measures were taken and how much money was transferred. 3) Issue a final report after the extraordinary measures period, summarizing the measures used and their total administrative costs. The bill defines "extraordinary measures" to include things like suspending certain government investment funds, selling assets, and other actions the Treasury Secretary deems appropriate. The goal is to increase transparency around the use of these special powers during debt limit crises.