Extraordinary Measures Transparency Act

The Extraordinary Measures Transparency Act would require the Department of the Treasury to provide Congress with detailed reports about extraordinary measures—special financial actions Treasury uses to temporarily manage federal borrowing without exceeding the debt limit. These measures typically involve suspending certain debt sales or temporarily redirecting investments in government funds.

Under this bill, when Treasury projects the public debt will reach the limit within 30 days, it would have to submit a report describing which extraordinary measures it plans to use, estimate their costs, project how long they would sustain government operations, and calculate administrative expenses. Treasury would also submit daily reports while using these measures and provide a final report afterward detailing what was actually done and the costs incurred.

If enacted, this bill would increase transparency around how Treasury manages the debt limit, giving Congress more detailed information about the financial tools being used and their impacts. Currently, Treasury uses these measures with limited public reporting, so this legislation would make the process more visible to lawmakers and the public.