Fiscal Harms of Federal Firing Act

This bill requires the Government Accountability Office (GAO) to study how federal workforce reductions (like large-scale layoffs) impact state and local government budgets. The study will examine effects on unemployment benefits, Medicaid, workforce training, housing assistance, tax revenues, and regional economic shifts, focusing on how different states and regions are affected. The GAO must complete this study within 18 months and submit a public report to Congress, including findings, recommendations for supporting displaced workers and affected governments, and potential policy options. The bill does not change current policies but mandates a comprehensive assessment of fiscal consequences.