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US HB7026
Bill
Status
1/13/2026
Primary Sponsor
Garland Barr
Click for details
AI Summary
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Requires the House and Senate Budget Committee chairs to conduct a joint hearing within 45 business days after the Treasury Secretary submits the executive branch's audited financial statement to Congress
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Comptroller General must present audit findings and analysis of the federal government's financial position, including net operating cost, budget deficits/surpluses, and long-term fiscal sustainability measures
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Presentation must follow GAO standards to ensure professional, objective, nonpartisan, and fact-based information
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Hearings must be open to the public with radio, television, and photography coverage permitted
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Any Senator or House Member may participate in the joint hearing regardless of Budget Committee membership
Legislative Description
Fiscal State of the Nation Act
Economics and public finance
Last Action
Referred to the House Committee on Rules.
1/13/2026