Bill · H.R. 4642· House(119-HR-4642)

Fiscal Contingency Preparedness Act

Age: 54 years

Virginia

Introduced: 7/23/2025
Last activity: 3/18/2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 1.
Sponsored by: Ben Cline
Cosponsors: - 11 - 11

Government Operations and Politics

Introduced

What this bill would do

The Fiscal Contingency Preparedness Act requires the Secretary of the Treasury to work with the Director of the Office of Management and Budget to examine how the Federal Government responds to potential fiscal shocks. This examination involves looking at risks and impacts from events like economic recessions, natural disasters, or cyber attacks. The officials must determine the estimated short-term and long-term fiscal effects of these events. The report will include economic indicators chosen by the Secretary and the Director of the Office of Management and Budget. Additionally, the Comptroller General of the United States is tasked with reviewing the results of this fiscal analysis.

Yes· 3 of 10

Does this make the government pay for what it commits to?+5
The bill establishes a formal process for assessing the government's fiscal resilience to various national emergencies.
Does this make what the government does easier for the public to see?+4
The bill requires the GAO to publish its review of the fiscal analysis findings on its website.
Does this make the country readier for the next outbreak?+3
The bill requires an assessment of the fiscal impacts of a health crisis or global pandemic.