Amendment requires the Secretary of the Treasury to provide weekly reporting of extraordinary measures and projected exhaustion dates upon notification that the debt limit has been reached.

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   Inserted: (D) any reduction measures the Secretary intends to take to fund Federal Government obligations if the debt limit is not raised, including--

   Inserted: (i) notifying the Congress when the limit has been reached; and

   Inserted: (ii) notifying the Congress when the Secretary has begun taking such measures and specifying which measures are currently being used.

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   Inserted: (D) the plan of the President for each week that the debt of the United States Government is at the statutory limit, to publicly disclose, on the website of the Department of the Treasury, the following:

   Inserted: (i) All reduction measures currently being used by the Secretary to avoid defaulting on obligations of the Government.

   Inserted: (ii) With respect to each reduction measure, whether or not such measure is currently being used--

   Inserted: (I) the total dollar amount of such measure that has been used; and

   Inserted: (II) the total dollar amount of such measure that the Secretary estimates is still available for use.

   Inserted: (iii) The date on which the Secretary estimates that all reduction measures will be exhausted, and the Government will begin defaulting on its obligations.

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   Inserted: (d) Reduction Measures Defined.--For purposes of this section, the term 'reduction measures' means each of the following:

   Inserted: (1) 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 section.

   Inserted: (2) Suspending investments in the Government Securities Investment Fund of the Thrift Savings Fund.

   Inserted: (3) Suspending investments in the stabilization fund established under section 5302 of title 31, United States Code.

   Inserted: (4) Suspending new investments in the Civil Service Retirement and Disability Fund or the Postal Service Retiree Health Benefits Fund.

   Inserted: (5) Selling or redeeming securities, obligations, or other invested assets of the Civil Service Retirement and Disability Fund or the Postal Service Retiree Health Benefits Fund before maturity.

   Inserted: (6) Such other measures as the Secretary determines appropriate.

   Original wording

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As printed