Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-4642119th CongressWALLET
Fiscal Contingency Preparedness Act
Sponsored By: Representative Cline, Ben [R-VA-6]
In Committee
Summary
Assess fiscal risks from major national and international shocks. This bill would require the Treasury Secretary, working with the Director of the Office of Management and Budget, to add an annual examination of the fiscal risks and fiscal impacts of federal responses to major shocks such as recessions, pandemics, cyberattacks, and disasters.
Show full summary
- Treasury and OMB would have to include a three-part examination in the annual report that lists and assesses fiscal risks from government responses, estimates short-term and long-term fiscal effects, and describes the economic indicators used to show those effects.
- The Comptroller General would review the methodology and results of the first examination within 1 year, publish findings on the Government Accountability Office website, and send that report to the Senate and House Budget Committees. Reviews may occur periodically thereafter.
- The examination must explicitly cover events including an economic recession, a domestic energy crisis, a catastrophic natural disaster, a health crisis like a global pandemic, a significant armed conflict or event, a significant cyber attack, and a financial crisis.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Annual federal fiscal risk report
If enacted, the Treasury Secretary and the OMB Director would add a yearly fiscal-risk study to their required report. The study would list and assess risks from events like recessions, energy crises, major disasters, pandemics, wars, cyber attacks, and financial crises. It would estimate short-term and long-term federal fiscal effects and show chosen economic indicators to explain those effects. The new requirement would start on the later of 180 days after enactment or the first report submission, and the GAO would review and publish its findings within one year after the first study is released.
Sponsors & CoSponsors
Sponsor
Cline, Ben [R-VA-6]
VA • R
Cosponsors
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 7/23/2025
Rep. Bergman, Jack [R-MI-1]
MI • R
Sponsored 7/23/2025
Rep. Perez, Marie Gluesenkamp [D-WA-3]
WA • D
Sponsored 7/23/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 11/12/2025
Rep. Morelle, Joseph D. [D-NY-25]
NY • D
Sponsored 11/12/2025
Rep. Davidson, Warren [R-OH-8]
OH • R
Sponsored 11/12/2025
Rep. Cuellar, Henry [D-TX-28]
TX • D
Sponsored 11/12/2025
Rep. Houchin, Erin [R-IN-9]
IN • R
Sponsored 11/12/2025
Rep. Landsman, Greg [D-OH-1]
OH • D
Sponsored 11/12/2025
Rep. Edwards, Chuck [R-NC-11]
NC • R
Sponsored 11/12/2025
Rep. Huizenga, Bill [R-MI-4]
MI • R
Sponsored 11/19/2025
Rep. Peters, Scott H. [D-CA-50]
CA • D
Sponsored 11/19/2025
Rep. Womack, Steve [R-AR-3]
AR • R
Sponsored 1/9/2026
Rep. Case, Ed [D-HI-1]
HI • D
Sponsored 1/9/2026
Rep. Barr, Andy [R-KY-6]
KY • R
Sponsored 1/20/2026
Rep. Davis, Donald G. [D-NC-1]
NC • D
Sponsored 1/20/2026
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 4/15/2026
Rep. Van Epps, Matt [R-TN-7]
TN • R
Sponsored 4/15/2026
Rep. LaLota, Nick [R-NY-1]
NY • R
Sponsored 4/29/2026
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 4/29/2026
Rep. Moore, Blake D. [R-UT-1]
UT • R
Sponsored 5/22/2026
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 6/8/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov