To amend title 31, United States Code, to require reporting by the Secretary of the Treasury of reduction measures being used to avoid defaulting on Government obligations in the event that the debt limit is reached, and for other purposes.

Cost and committee reports

Official records Congress.gov attaches to H.R. 1497.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. HUELSKAMP, as printed in the Congressional Record (Vol. 161, No. 47, March 19, 2015, Page H1805):
  Article I, Section 8 gives Congress the power to borrow money on the credit of the United States.
  Source: Congress.gov, Congressional Record March 19, 2015 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  97 characters

  Congress.gov bill record

  H.R. 1497, 114th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/114/hr/1497

  Record last updated by Congress.gov

  January 3, 2025

  PORKER copy retrieved

  September 22, 2026

  Stored copy, SHA-256 of the file

  e028c53a73fd3d561b9be58d68d3499ae39cc6edb7a6f1737b36819ba28d4f98

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of January 3, 2025). Not every bill gets one.

From the Congress.gov bill record for H.R. 1497, last updated January 3, 2025. PORKER’s copy was retrieved September 22, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.