I 
113TH CONGRESS 
1ST SESSION H. R. 3579 
To require the Secretary of the Treasury to appear before certain committees 
of the Congress before the United States reaches the debt limit and 
defaults on Government obligations. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 21, 2013 
Mr. MARCHANT (for himself, Mr. BRADY of Texas, Mr. SAM JOHNSON of 
Texas, Mr. ROSKAM, Mr. BOUSTANY, Mr. TIBERI, Mr. NUNES, Mr. 
REICHERT, Mr. GERLACH, Mr. PRICE of Georgia, Ms. JENKINS, Mrs. 
BLACK, Mr. SCHOCK, Mr. YOUNG of Indiana, Mr. KELLY of Pennsyl-
vania, Mr. GRIFFIN of Arkansas, Mr. RENACCI, Mr. SESSIONS, Mr. FLO-
RES, Mr. CONAWAY, Mr. THORNBERRY, Mr. WEBER of Texas, Mr. 
FARENTHOLD, Mr. MEADOWS, Mrs. LUMMIS, Mr. PETRI, Mr. CARTER, 
Ms. GRANGER, and Mr. WESTMORELAND) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To require the Secretary of the Treasury to appear before 
certain committees of the Congress before the United 
States reaches the debt limit and defaults on Government 
obligations. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Debt Management Act 
of 2013’’. 
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SEC. 2. SECRETARY OF THE TREASURY REPORT TO CON-
GRESS BEFORE REACHING DEBT LIMIT. 
(a) IN GENERAL.—Subchapter II of chapter 31 of 
title 31, United States Code, is amended by adding at the 
end the following: 
‘‘§ 3131. Report before reaching debt limit 
‘‘(a) IN GENERAL.—Not more than sixty days and 
not less than twenty-one days prior to any date on which 
the Secretary of the Treasury anticipates the public debt 
will reach the limit specified under section 3101, as modi-
fied by section 3101A, the Secretary shall appear before 
the Committee on Ways and Means of the House of Rep-
resentatives and the Committee on Finance of the Senate, 
to provide the information described under subsection (b). 
‘‘(b) 
INFORMATION
REQUIRED
TO
BE
PRE-
SENTED.—In an appearance described under subsection 
(a), the Secretary shall provide the following: 
‘‘(1) DEBT REPORT.—A report on the state of 
the public debt, including— 
‘‘(A) the historical trajectory of the debt, 
major drivers of and their quantities to the cur-
rent debt, and debt projections; and 
‘‘(B) how, if the debt limit is raised, the 
United States will meet existing debt obliga-
tions, including principal and interest. 
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‘‘(2) STATEMENT OF INTENT.—A detailed ex-
planation of— 
‘‘(A) any proposal of the President to re-
duce the structural deficit in the short-term 
(the following fiscal year), medium-term (ap-
proximately three to five years), and long-term 
(approximately ten years); 
‘‘(B) the impact an increased debt limit 
will have on future Government spending, serv-
ice provision, and the status of the United 
States dollar as the international reserve cur-
rency; 
‘‘(C) projections of fiscal health and resil-
ience to long-term entitlement program pres-
sures (including Social Security, Medicare, and 
Medicaid), given the proposed measures to re-
duce the structural deficit and the amount of 
increase in the debt limit; and 
‘‘(D) any proposal of the President to re-
duce the debt-to-gross domestic product ratio, 
based on current trends, with the exclusion of 
extreme events (i.e. military, economic, and nat-
ural catastrophes). 
‘‘(3) PROGRESS REPORT.— 
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