To require the Assistant Secretary of Financial Markets of the Department of the Treasury to brief certain Senate committees on the debt issuance of the Department.
About This Bill
Committee
Latest Action · June 3, 2024
Read twice and referred to the Committee on Finance.
This bill requires the Treasury Department's Assistant Secretary for Financial Markets to provide quarterly briefings to two Senate committees—the Committee on Finance and the Committee on Banking, Housing, and Urban Affairs—about how the government is issuing and managing its debt. The briefings would include information about recommendations made by the Treasury Borrowing Advisory Committee, which advises the Treasury on debt management strategy. These briefings are intended to increase transparency and congressional oversight of federal debt issuance decisions. The bill specifies that these briefings should occur on the same schedule as the Treasury's quarterly refunding reports, which are already published regularly, so no new funding or timeline beyond existing Treasury operations is required.
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