,i #aaeth ,,congress #ast ,session ,h4 ,r4 #ebc ,,in ,,the ,,house ,,of ,,representatives ,january #ac1 #bjag,mr4 ,marchant introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to provide further means of accountability of the ,united ,states debt and promote fiscal responsibility4 #a4 ,short title ,this ,act may be cited as the ,debt ,transparency and ,accountability ,act4 #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 submit the information described under subsection 7b74 7b7 ,information required ,to be presented ,in an appearance described under subsection 7a71 the ,secretary shall submit the following3 7#a7 ,debt ,report ,a report on the state of the public debt1 including-- 7,a7 the historical levels of the debt1 current amount and composition of the debt1 and future projections of the debt2 7,b7 the drivers and composition of future debt2 and 7,c7 how1 if the debt limit is raised1 the ,united ,states will meet debt obligations1 including principal and interest4 7#b7 ,statement of intent ,a detailed explanation of-- 7,a7 proposals of the ,president to reduce the public debt in the short term 7the current and following three fiscal years71 medium term 7approximately five to nine fiscal years71 and long term 7approximately ten to twenty-five fiscal years71 and proposals of the ,president to adjust the debt-to-gross domestic product ratio2 7,b7 the impact an increased debt limit will have on future ,government spending1 debt service1 and the position of the ,united ,states dollar as the international reserve currency2 7,c7 projections of fiscal health and sustainability of major direct-spending entitlement programs 7including ,social ,security1 ,medicare1 and ,medicaid72 and 7,d7 any extraordinary measures the ,secretary intends to take to fund ,federal ,government obligations if the debt limit is not raised1 a projection of how long such extraordinary measures will fund the ,federal ,government1 and a projection of the administrative cost of taking such extraordinary measures4 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 of paragraph 7#b74 7,b7 ,exception ,the report described under this paragraph shall only be submitted if a ,secretary has already appeared at least once pursuant to this section during any term of office for a particular ,president4 7c7 ,public access to information ,the ,secretary of the ,treasury shall place on the homepage of the ,department of the ,treasury a link to a webpage that shall serve as a repository of information made available to the public for at least #f months following the date of release of the relevant information1 including3 7#a7 ,the debt report submitted under subsection 7b77#a74 7#b7 ,the detailed explanation submitted under subsection 7b77#b74 7#c7 ,the progress report submitted under subsection 7b77#c74 7d7 ,extraordinary measures defined ,for purposes of this section1 the term extraordinary measures means each of the following3 7#a7 ,directing or approving the issuance of debt by the ,federal ,financing ,bank for the purpose of entering into an exchange transaction for debt that is subject to the limit under this section4 7#b7 ,suspending investments in the ,government ,securities ,investment ,fund of the ,thrift ,savings ,fund4 7#c7 ,suspending investments in the stabilization fund established under section #ecjb4 7#d7 ,suspending new investments in the ,civil ,service ,retirement and ,disability ,fund or the ,postal ,service ,retiree ,health ,benefits ,fund4 7#e7 ,selling or redeeming securities1 obligations1 or other invested assets of the ,civil ,service ,retirement and ,disability ,fund or the ,postal ,service ,retiree ,health ,benefits ,fund before maturity4 7#f7 ,suspending sales of ,state and ,local ,government ,series ,treasury securities4 7#g7 ,such other measures as the ,secretary determines appropriate4 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 #c4 ,access to certain ,treasury ,department data ,not later than thirty days after receipt of a written request from the ,chairman of the ,committee on ,finance of the ,senate or of the ,committee on ,ways and ,means of the ,house of ,representatives1 but no more than four times per fiscal year for each1 the ,secretary of the ,treasury shall provide to the requesting ,chairman financial and economic data relevant to determining the amount of the public debt of the ,united ,states1 including-- 7#a7 cash flow and debt transaction information used in preparing the ,daily ,treasury ,statement1 including current balances1 receipts1 and payments2 7#b7 operating cash balance projections2 and 7#c7 relevant information regarding any extraordinary measures 7as defined under section #caca7;d7 of title #ca1 ,united ,states ,code7 taken to prevent the public debt from exceeding the limitation imposed by section #caja of title #ca1 ,united ,states ,code1 as modified by section #caja;,a of such title4