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HR 3498 115th Congress House

Extraordinary Measures Transparency Act

Official title: To require the Secretary of the Treasury to issue reports with respect to extraordinary measures, and for other purposes.

Introduced: July 27, 2017 See on congress.gov
Economics and Public Finance Budget deficits and national debtCongressional oversightGovernment employee pay, benefits, personnel managementGovernment trust funds
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2017
Referred to the House Committee on Ways and Means.
Jul 27, 2017
Introduced in House
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 Latest action July 27, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Extraordinary Measures Transparency Act

This bill requires the Department of the Treasury to report to Congress regarding extraordinary measures used to avoid exceeding the statutory debt limit.

Extraordinary measures include suspensions and delays of debt sales and auctions, suspending or redeeming investments in certain government funds, and issuing debt to enter into an exchange transaction for debt that is subject to the limit.

If Treasury determines that the public debt will reach the limit in 30 days, Treasury must submit a report to Congress that includes:

  • a description of the extraordinary measures that Treasury intends to use if the debt limit is not raised,
  • an estimate of the cost of the measures,
  • a projection of how long the measures will fund the federal government, and
  • a projection of the administrative cost of taking the measures.

Treasury must also submit specified daily reports to Congress when the measures are being used. After using the measures, Treasury must report to Congress regarding the measures that were used and the administrative cost of the measures.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3498: Extraordinary Measures Transparency Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3498/
MLA
"H.R. 3498: Extraordinary Measures Transparency Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3498/.
Bluebook (legal)
H.R. 3498, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3498/.
Markdown link
[H.R. 3498: Extraordinary Measures Transparency Act](https://openamerica.io/bill/115-HR-3498/)
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