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Increased Transparency of Government Actions Amidst Debt Limit

This act aims to increase government transparency when approaching the debt limit. Citizens will be informed about the steps taken to keep the government running and their associated costs. This will allow everyone to better understand how public finances are managed in difficult situations.
Key points
The government will be required to report on planned actions when the debt limit is reached.
Daily reports will show which measures are being used and from which accounts money is transferred.
After a debt crisis, the government will provide a summary of all actions taken and their administrative costs.
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Status:
Expired
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Additional Information
Print number: 118_HR_3526
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-05-18
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Extraordinary Measures Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3526.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-18.

What are the main provisions?

Key points include:

  • The government will be required to report on planned actions when the debt limit is reached.
  • Daily reports will show which measures are being used and from which accounts money is transferred.
  • After a debt crisis, the government will provide a summary of all actions taken and their administrative costs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments