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119-hr-7026119th Congress

Fiscal State of the Nation Act

Sponsored By: Representative Barr, Andy [R-KY-6]

Introduced

Summary

Annual public GAO presentations of the federal government's audited financial statement. This bill would require the House and Senate Budget Committees to hold a joint hearing to receive the Comptroller General's review and analysis of the executive branch's audited financial statement.

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  • Budget Committee timing: Chairs must schedule the joint hearing within 45 days after the Secretary of the Treasury submits the audited financial statement. The requirement applies to audited statements submitted on or after the Act's enactment.
  • Member access: Any Senator and any Member of the House may participate in the joint hearing on the same terms as Budget Committee members.
  • GAO presentation standards: The Comptroller General must present professional, objective, fact‑based information in line with the Government Accountability Office's Strategies and Means.
  • Transparency and scope: Hearings must be open to public radio, television, and still photography and the presentation must analyze measures like net operating cost, income, budget deficits or surpluses, and long-term fiscal projections.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Barr, Andy [R-KY-6]

KY • R

Cosponsors

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 1/13/2026

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 2/3/2026

  • Rep. Deluzio, Christopher R. [D-PA-17]

    PA • D

    Sponsored 3/24/2026

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 3/25/2026

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 3/26/2026

  • Rep. Harshbarger, Diana [R-TN-1]

    TN • R

    Sponsored 4/9/2026

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 4/27/2026

  • Rep. Lucas, Frank D. [R-OK-3]

    OK • R

    Sponsored 4/29/2026

  • Del. Moylan, James C. [R-GU-At Large]

    GU • R

    Sponsored 5/12/2026

  • Rep. Mann, Tracey [R-KS-1]

    KS • R

    Sponsored 5/13/2026

  • Rep. Scholten, Hillary J. [D-MI-3]

    MI • D

    Sponsored 6/2/2026

Roll Call Votes

No roll call votes available for this bill.

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