HR 402 · in committee · niche
DEBT Act
- government reform
What this bill does
- The Treasury Secretary must testify to Congress before the federal debt limit is reached or emergency borrowing measures are used.
- This affects Congress members on budget committees who oversee Treasury Department actions and federal spending.
- The bill creates a reporting requirement with no direct fiscal cost, taking effect when debt limit situations arise.
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Community Threads
Started by Cosponsor
- 01
How would requiring Treasury Secretary testimony before reaching the debt limit change Congress's ability to act on emergency borrowing compared to current practice?
- 02
Which members of Congress would most directly benefit from this reporting requirement, and what information do they currently lack?
- 03
What unintended consequences might arise from delaying emergency borrowing measures to accommodate a mandatory testimony requirement?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-AZ-1
David Schweikert
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-14
Legislative timeline
2025-01-14 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-14 · IntroReferral
Introduced in House
2025-01-14 · IntroReferral
Introduced in House
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