,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #gcg  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bd1        
#bjbe,mr4 ,nunn of ,iowa 7for himself   
and ,mr4 ,davis of ,north ,carolina7    
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to require the     
,secretary of the ,treasury to issue    
reports with respect to extraordinary   
measures1 and for other purposes4  #a4  
,short title ,this ,act may be cited as 
the ,extraordinary ,measures            
,transparency ,act4  #b4 ,reports on    
extraordinary measures  7a7 ,in general 
,subchapter ,,ii of chapter #ca of title
 #ca1 ,united ,states ,code1 is amended 
by adding at the end the following3     
#caca4 ,reports on extraordinary        
measures  7a7 ,report #cj days before   
reaching debt limit ,if the ,secretary  
of the ,treasury determines that the    
public debt will reach the debt limit in
 #cj days1 the ,secretary shall issue a 
report to the ,congress that contains-- 

7#a7 a description of the extraordinary 
measures that the ,secretary intends to 
use if the debt limit is not raised2    
7#b7 an estimate of the cost of such    
extraordinary measures2  7#c7 a         
projection of how long such             
extraordinary measures will fund the    
,federal ,government2 and  7#d7 a       
projection of the administrative cost of
 taking such extraordinary measures4    
7b7 ,daily report while using           
extraordinary measures ,the ,secretary  
shall1 during any period in which the   
,secretary is using extraordinary       
measures1 issue a daily report to the   
,congress that contains a list of which 
extraordinary measures were taken1      
including a list of how much money was  
transferred and from which accounts the 
money was transferred4  7c7 ,report     
after using extraordinary measures ,at  
the end of a period in which the        
,secretary was using extraordinary      
measures1 the ,secretary shall issue a  
report to the ,congress that contains-- 

7#a7 a summary of the extraordinary     
measures used2 and  7#b7 the            
administrative cost of taking such      
extraordinary measures4  7d7            
,definitions ,for purposes of this      
section3  7#a7 ,administrative cost     
,with respect to extraordinary measures1
 the term administrative cost means--   
7,a7 the personnel and consultant costs 
required to engage in the extraordinary 
measures2  7,b7 any fees the ,government
 has to pay in connection with the      
extraordinary measures2 and  7,c7 such  
other costs as the ,secretary determines
 appropriate4  7#b7 ,debt limit ,the    
term debt limit means the limit         
specified under section #caja1 as       
modified by section #caja;,a4  7#c7     
,extraordinary measures ,the term       
extraordinary measures means--  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 chapter2

  7,b7 suspending investments in the    
,government ,securities ,investment     
,fund of the ,thrift ,savings ,fund2    
7,c7 suspending investments in the      
stabilization fund established under    
section #ecjb2  7,d7 suspending new     
investments in the ,civil ,service      
,retirement and ,disability ,fund or the
 ,postal ,service ,retiree ,health      
,benefits ,fund2  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 maturity2
  7,f7 suspending sales of ,state and   
,local ,government ,series ,treasury    
securities2 and  7,g7 such other        
measures as the ,secretary determines   
appropriate4  7#d7 ,secretary ,the term 
,secretary means the ,secretary of the  
,treasury4  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 ,reports on extraordinary      
measures4  4