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A bill 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.
6/4/2024, 10:56 AM
Summary of Bill S 4439
Bill 118 s 4439, also known as the "Debt Issuance Transparency Act," aims to increase transparency and accountability in the Department of the Treasury's debt issuance practices. The bill specifically requires the Assistant Secretary of Financial Markets to provide briefings to certain Senate committees on the Department's debt issuance activities.
The purpose of these briefings is to ensure that Congress is kept informed about the Treasury Department's borrowing and debt management decisions. By requiring regular updates on debt issuance, lawmakers can better understand the implications of the Department's actions on the national debt and overall financial stability.
The bill does not prescribe specific guidelines or restrictions on the Treasury Department's debt issuance practices, but rather seeks to enhance oversight and communication between the Department and Congress. This increased transparency is intended to promote responsible fiscal management and informed decision-making regarding the nation's debt. Overall, Bill 118 s 4439 represents a bipartisan effort to improve the accountability and transparency of the Treasury Department's debt issuance activities, ultimately aiming to strengthen the financial health of the United States.
The purpose of these briefings is to ensure that Congress is kept informed about the Treasury Department's borrowing and debt management decisions. By requiring regular updates on debt issuance, lawmakers can better understand the implications of the Department's actions on the national debt and overall financial stability.
The bill does not prescribe specific guidelines or restrictions on the Treasury Department's debt issuance practices, but rather seeks to enhance oversight and communication between the Department and Congress. This increased transparency is intended to promote responsible fiscal management and informed decision-making regarding the nation's debt. Overall, Bill 118 s 4439 represents a bipartisan effort to improve the accountability and transparency of the Treasury Department's debt issuance activities, ultimately aiming to strengthen the financial health of the United States.
Current Status of Bill S 4439
Bill S 4439 is currently in the status of Bill Introduced since June 3, 2024. Bill S 4439 was introduced during Congress 118 and was introduced to the Senate on June 3, 2024. Bill S 4439's most recent activity was Read twice and referred to the Committee on Finance. as of June 3, 2024
Bipartisan Support of Bill S 4439
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4439
Primary Policy Focus
Alternate Title(s) of Bill S 4439
A bill 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.
A bill 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.
Comments
Sponsors and Cosponsors of S 4439
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