HR 402
DEBT Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:56 AM
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Debt Explanation Before Taxwriters Act, requires the Secretary of the Treasury to provide Congress with a detailed explanation before the debt limit is reached or the government resorts to extraordinary measures to avoid default. Specifically, the Treasury Secretary must appear before the House Ways and Means and Senate Finance Committees to outline the extraordinary measures planned, their administrative costs, and any subsequent changes to federal funding. The bill aims to increase transparency regarding how the government manages its debt obligations.
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