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Congress·In Committee·about 2 months ago

Federal Budget Committees: Required Annual Public Hearing on Government Audit

Also known as: Fiscal State of the Nation Act

Legislative Progress

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Review
House
Senate
President

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

Milestones

2 milestones2 actions
Jan 13, 2026House

Referred to the House Committee on Rules.

Jan 13, 2026

Introduced in House

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.

Sponsor

Cosponsors

(1)
D: 1

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