# 119-s-2492: Fiscal Contingency Preparedness Act

119-s-2492, Fiscal Contingency Preparedness Act, is a 119th Congress bill sponsored by Sen. Warner, Mark R. [D-VA] (D-VA); status introduced; PRIA reads it as touching household money (as of 2026-10-23).

- Canonical: https://policyrisk.com/legislation/119-s-2492
- As of: 2026-10-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2492
- Congress: 119
- Title: Fiscal Contingency Preparedness Act
- Status: introduced
- Introduced: 2025-07-29
- Sponsor: Sen. Warner, Mark R. [D-VA] (D-VA)
- Cosponsors: 1
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-10-23

## Summary

**Require Treasury to analyze and report fiscal risks from major national and international shocks.** It would add a dedicated examination to the annual fiscal report that estimates short‑ and long‑term federal fiscal effects of events like recessions, pandemics, natural disasters, energy crises, cyberattacks, armed conflicts, and financial crises. - Treasury, in coordination with the Director of the Office of Management and Budget, would have to assess fiscal risks and determine estimated short‑term and long‑term effects for each enumerated event, use selected economic indicators, and consider historical examples. - The Comptroller General would review the examination's methodology and results within one year of the first published analysis, publish findings on the Government Accountability Office website, and submit that report to the Senate and House Budget Committees. - The annual report would present a structured, consistent analysis to help budget officials and the public understand how major shocks could affect the federal ledger. It would take effect on the later of the next annual report submission required under current law or 180 days after enactment.

## Cosponsors (1)

- Sen. Young, Todd [R-IN] (R-IN), 2025-07-29T00:00:00.000Z

## Provisions PRIA read

- Annual federal fiscal risk reports: benefit, low. If enacted, the bill would require the Treasury Secretary, with the OMB Director, to add a yearly exam of fiscal risks to the Treasury annual report. The exam would cover events like recessions, energy crises, major disasters, pandemics, wars, cyberattacks, and financial crises. For each event it w…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-789: Critical Minerals Security Act of 2025
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-4943: Outcomes-Based Financing (OBF) for Students Act
- 119-s-1686: Neighborhood Homes Investment Act
- 119-s-1639: American Innovation and Jobs Act

## Sources
- [119-s-2492 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2492)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-789: Critical Minerals Security Act of 2025](https://policyrisk.com/legislation/119-s-789)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-4943: Outcomes-Based Financing (OBF) for Students Act](https://policyrisk.com/legislation/119-s-4943)
- [119-s-1686: Neighborhood Homes Investment Act](https://policyrisk.com/legislation/119-s-1686)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2492 (as of 2026-10-23).