HR 737

This bill, the Extraordinary Measures Transparency Act, requires the Treasury Secretary to provide detailed reports to Congress about actions taken to avoid exceeding the federal debt limit. Specifically, the Secretary must notify Congress 30 days before the debt limit is reached, outlining planned extraordinary measures, their estimated costs, and how long they will extend government funding. During the use of these measures, daily reports detailing the specific actions taken are also required, followed by a final report summarizing the measures used and associated administrative costs.