A bill to appropriately manage the debt of the United States by limiting the use of extraordinary measures.
Federal Debt Management Act of 2015
Limits the Department of the Treasury's authority to manage the debt of the United States by using extraordinary measures to prevent the public debt limit from being exceeded.
Limits Treasury's authority to suspend the investing of amounts or the issuance of obligations for the Civil Service Retirement and Disability Fund, the Thrift Savings Fund, the Exchange Stabilization Fund, or any other fund or account for the purposes of preventing the public debt of the United States from exceeding the public debt limit.
Requires Treasury to submit to Congress additional information regarding the Daily Treasury Statement, including: (1) all cash flow and debt transaction information used in preparing the Daily Treasury Statement, and (2) forecasts for the cash flow and debt transactions of the federal government.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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