HR. 402In Committee
DEBT Act
Plain-English overview
What this bill does
Require the Treasury Secretary to explain planned debt limit extraordinary measures to the tax-writing committees before the debt limit is reached or default-avoidance steps begin
Key points
- Require Treasury appearances
- Require explanation of extraordinary measures
- Require explanation of administrative costs
Current status
Where it stands
Status
In Committee
Latest action
2025-01-14 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.