Bill · S. 2492· Senate(119-S-2492)
Fiscal Contingency Preparedness Act
- Introduced
- 7/29/2025
- Last activity
- 7/29/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- Mark Warner
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, called the "Fiscal Contingency Preparedness Act," wants the Secretary of the Treasury and the Director of the Office of Management and Budget to look into how well the government can handle big financial problems. They will produce a report that examines the government's fiscal risks, and how to improve in the future. The Government Accountability Office (GAO) will also review the work.
Yes· 3 of 26
Does this improve help for people hit by a disaster?+4
The bill includes examining responses to catastrophic natural disasters, thus improving disaster relief and FEMA's preparedness.
Does this make the country readier for the next outbreak?+4
The bill includes examining responses to health crises like global pandemics, improving preparedness for future outbreaks.
Does this make the government pay for what it commits to?+3
By examining fiscal risks and impacts, the bill promotes more responsible fiscal planning and management.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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The bill requires the Secretary of the Treasury, along with the Director of the Office of Management and Budget, to examine the government's ability to handle different kinds of crises like recessions, natural disasters, health emergencies, cyber attacks, and armed conflicts (SEC. 2(a)). This could help the government be better prepared, which could protect people when these events happen.
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The bill aims to identify the short-term and long-term financial effects of these events (SEC. 2(a)(ii)). Knowing this information could help the government make better decisions about how to respond, which could reduce the negative impact on people.
Potential Negative Impacts for People
- I am unable to find any negative impacts based on the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Middle Class Households+2Good For African Americans+1Good For Asian Americans+1Good For Business Owners+1Good For Children+1Good For Hispanic Americans+1Good For Immigrants+1Good For Men+1Good For Middle Aged+1Good For Native Americans+1Good For People With Disabilities+1Good For Retirees+1Good For Rural Residents+1Good For Seniors+1Good For Students+1Good For Urban Residents+1Good For White Americans+1Good For Women+1Good For Young Adults+1
- Economy And Finance
- Improves Fiscal Responsibility+3Improves Economic Growth+1
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+4
- Healthcare
- Improves Pandemic Preparedness+4
- National Security And Foreign Policy
- Improves Cybersecurity Defense+3
- Governance And Ideology
- Improves Government Transparency+2
- 7/29/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Todd YoungRepublican · Indiana