Fiscal State of the Nation Act
The Fiscal State of the Nation Act requires Congress to hold an annual joint meeting within 45 days of the Treasury Department submitting its audited financial statement. At this meeting, the Comptroller General (GAO) must present a nonpartisan, fact-based analysis of the federal government's current finances and long-term fiscal outlook, including deficits and sustainability projections. This analysis must then be formally included in the annual budget resolution. The meeting is open to the public, ensuring transparency in how Congress reviews the government's financial health.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
President
Introduced Jan 11, 2024
Last action Jan 18, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jan 18, 2024
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Jan 11, 2024
Committee
Referred to the Committee on House Administration, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Jan 11, 2024
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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