Increased Transparency in Public Debt: Quarterly Reports to the Senate
This Act mandates the U.S. Treasury Department to regularly brief key Senate committees on its public debt issuance plans. While it does not directly change your personal finances, it enhances Congressional oversight of how the government manages national debt. Greater transparency in debt management can indirectly influence economic stability and future tax decisions.
Key points
The Treasury Department must brief two Senate committees (Finance and Banking) quarterly on its debt issuance plans.
These briefings must include a summary of recommendations made by the Treasury Borrowing Advisory Committee.
The information must be provided concurrently with the publication of the Treasury's quarterly refunding report.
Expired
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