,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cegi  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ba1       
#bjac,mr4 ,marchant 7for himself1 ,mr4  
,brady of ,texas1 ,mr4 ,sam ,johnson of 
,texas1 ,mr4 ,roskam1 ,mr4 ,boustany1   
,mr4 ,tiberi1 ,mr4 ,nunes1 ,mr4         
,reichert1 ,mr4 ,gerlach1 ,mr4 ,price of
 ,georgia1 ,ms4 ,jenkins1 ,mrs4 ,black1 
,mr4 ,schock1 ,mr4 ,young of ,indiana1  
,mr4 ,kelly of ,pennsylvania1 ,mr4      
,griffin of ,arkansas1 ,mr4 ,renacci1   
,mr4 ,sessions1 ,mr4 ,flores1 ,mr4      
,conaway1 ,mr4 ,thornberry1 ,mr4 ,weber 
of ,texas1 ,mr4 ,farenthold1 ,mr4       
,meadows1 ,mrs4 ,lummis1 ,mr4 ,petri1   
,mr4 ,carter1 ,ms4 ,granger1 and ,mr4   
,westmoreland7 introduced the following 
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to require the ,secretary of   
the ,treasury to appear before certain  
committees of the ,congress before the  
,united ,states reaches the debt limit  
and defaults on ,government obligations4

  #a4 ,short title ,this ,act may be    
cited as the ,debt ,management ,act of  
#bjac4  #b4 ,secretary of the ,treasury 
report to ,congress before reaching debt
 limit  7a7 ,in general ,subchapter ,,ii
 of chapter #ca of title #ca1 ,united   
,states ,code1 is amended by adding at  
the end the following3  #caca4 ,report  
before reaching debt limit  7a7 ,in     
general ,not more than sixty days and   
not less than twenty-one days prior to  
any date on which the ,secretary of the 
,treasury anticipates the public debt   
will reach the limit specified under    
section #caja1 as modified by section   
#caja;,a1 the ,secretary shall appear   
before the ,committee on ,ways and      
,means of the ,house of ,representatives
 and the ,committee on ,finance of the  
,senate1 to provide the information     
described under subsection 7b74  7b7    
,information required ,to be presented  
,in an appearance described under       
subsection 7a71 the ,secretary shall    
provide the following3 7#a7 ,debt       

,report ,a report on the state of the   
public debt1 including-- 7,a7 the       
historical trajectory of the debt1 major
 drivers of and their quantities to the 
current debt1 and debt projections2 and 
7,b7 how1 if the debt limit is raised1  
the ,united ,states will meet existing  
debt obligations1 including principal   
and interest4  7#b7 ,statement of intent
 ,a detailed explanation of-- 7,a7 any  
proposal of the ,president to reduce the
 structural deficit in the short-term   
7the following fiscal year71 medium-term
 7approximately three to five years71   
and long-term 7approximately ten years72
  7,b7 the impact an increased debt     
limit will have on future ,government   
spending1 service provision1 and the    
status of the ,united ,states dollar as 
the international reserve currency2     
7,c7 projections of fiscal health and   
resilience to long-term entitlement     
program pressures 7including ,social    
,security1 ,medicare1 and ,medicaid71   
given the proposed measures to reduce   

the structural deficit and the amount of
 increase in the debt limit2 and  7,d7  
any proposal of the ,president to reduce
 the debt-to-gross domestic product     
ratio1 based on current trends1 with the
 exclusion of extreme events 7i4e4      
military1 economic1 and natural         
catastrophes74  7#c7 ,progress report   
7,a7 ,in general ,a detailed report on  
the progress of implementing all        
proposals of the ,president described   
under subparagraph 7,a7 or 7,d7 of      
paragraph 7#b74  7,b7 ,exception ,the   
report described under this paragraph   
shall only be provided if a ,secretary  
has already appeared at least once      
pursuant to this section during any term
 of office for a particular ,president4 
4  7b7 ,clerical amendment ,the table of
 analysis for chapter #ca of title #ca1 
,united ,states ,code1 is amended by    
inserting after the item relating to    
section #cacj the following3  #caca4    
,report before reaching debt limit4  4