Bill · H.R. 7026· House(119-HR-7026)

Fiscal State of the Nation Act

Age: 53 years

Kentucky

Introduced: 1/13/2026
Last activity: 1/13/2026 — Referred to the House Committee on Rules.
Sponsored by: Andy Barr
Cosponsors: - 6 - 5

Economics and Public Finance

Introduced
In Committee

What this bill would do

This bill, known as the "Fiscal State of the Nation Act," establishes a requirement for an annual joint hearing of the House and Senate Budget Committees. The hearing is designed to receive a presentation from the Comptroller General regarding the audited financial statement of the executive branch. This presentation must occur within 45 days after the Secretary of the Treasury submits the required audited financial statement. The Comptroller General will review audit findings and analyze the financial position of the Federal Government, including budget deficits or surpluses and long-term fiscal projections. The presentation must be objective, nonpartisan, and fact-based.

Yes· 3 of 5

Does this make what the government does easier for the public to see?+6
The bill requires the joint hearing to be open to the public via radio, television, and photography to increase visibility of government financial statements.
Does this make the government pay for what it commits to?+3
The bill mandates a formal analysis of the government's financial position, including deficits and sustainability measures, to inform fiscal oversight.
Would households on low incomes be better off under this?+1
Increased transparency regarding long-term fiscal sustainability can help protect social insurance projections for low-income populations.