# 119-hr-4642: Fiscal Contingency Preparedness Act

119-hr-4642, Fiscal Contingency Preparedness Act, is a 119th Congress bill sponsored by Rep. Cline, Ben [R-VA-6] (R-VA); status in_committee; PRIA reads it as touching household money (as of 2026-10-23).

- Canonical: https://policyrisk.com/legislation/119-hr-4642
- As of: 2026-10-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4642
- Congress: 119
- Title: Fiscal Contingency Preparedness Act
- Status: in_committee
- Introduced: 2025-07-23
- Sponsor: Rep. Cline, Ben [R-VA-6] (R-VA)
- Cosponsors: 22
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-10-23

## 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. - 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.

## Cosponsors (22)

- Rep. Golden, Jared F. [D-ME-2] (D-ME), 2025-07-23T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2025-07-23T00:00:00.000Z
- Rep. Perez, Marie Gluesenkamp [D-WA-3] (D-WA), 2025-07-23T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-11-12T00:00:00.000Z
- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-11-12T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2025-11-12T00:00:00.000Z
- Rep. Cuellar, Henry [D-TX-28] (D-TX), 2025-11-12T00:00:00.000Z
- Rep. Houchin, Erin [R-IN-9] (R-IN), 2025-11-12T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2025-11-12T00:00:00.000Z
- Rep. Edwards, Chuck [R-NC-11] (R-NC), 2025-11-12T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2025-11-19T00:00:00.000Z
- Rep. Peters, Scott H. [D-CA-50] (D-CA), 2025-11-19T00:00:00.000Z
- Rep. Womack, Steve [R-AR-3] (R-AR), 2026-01-09T00:00:00.000Z
- Rep. Case, Ed [D-HI-1] (D-HI), 2026-01-09T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2026-01-20T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2026-01-20T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2026-04-15T00:00:00.000Z
- Rep. Van Epps, Matt [R-TN-7] (R-TN), 2026-04-15T00:00:00.000Z
- Rep. LaLota, Nick [R-NY-1] (R-NY), 2026-04-29T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-04-29T00:00:00.000Z
- Rep. Moore, Blake D. [R-UT-1] (R-UT), 2026-05-22T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2026-06-08T00:00:00.000Z

## Provisions PRIA read

- Annual federal fiscal risk report: benefit, medium. 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-ter…

## Related bills

- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2048: Metastatic Breast Cancer Access to Care Act
- 119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act

## Sources
- [119-hr-4642 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4642)

## Related
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2048: Metastatic Breast Cancer Access to Care Act](https://policyrisk.com/legislation/119-hr-2048)
- [119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act](https://policyrisk.com/legislation/119-hr-1151)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4642 (as of 2026-10-23).