Congress·In Committee·H.R. 7026

Fiscal State of the Nation Act

Federal Budget Committees: Required Annual Public Hearing on Government Audit

6 months ago·View on Congress.gov·Read full text

Legislative Progress

House

Senate

President

Law

Key Points

Congress would require the House and Senate Budget Committees to hold a joint public hearing each year on the federal government’s audited financial statement.
The Comptroller General would present what the audit found and explain the government’s overall financial condition, like deficits or surpluses and long-term outlooks.
The hearing must happen within 45 days after the Treasury Secretary submits the audited financial statement to Congress (not counting weekends and holidays).
The presentation must be professional and nonpartisan, aiming to give lawmakers objective, fact-based information.
Any Senator or House member could take part in the hearing, even if they are not on the Budget Committees, and the hearing would be open to public media coverage.

EconomyTaxes

Impact Analysis

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Milestones

2 milestones2 actions

Jan 13, 2026House

Referred to the House Committee on Rules.

Jan 13, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

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News

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Source Information

Document Type

Congressional Bill

Official Title

Fiscal State of the Nation Act

Bill NumberHR 7026

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Rules.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(3)

D: 3

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