Congress·In Committee·H.R. 7026
Fiscal State of the Nation Act
Federal Budget Committees: Required Annual Public Hearing on Government Audit
Legislative Progress
House
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.
Impact Analysis
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Milestones
2 milestones2 actions
Jan 13, 2026
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.
Votes
No votes have been recorded for this legislation yet.
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
Sponsor
Cosponsors
(3)D: 3
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