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US HB7026

Bill

Status

Introduced

1/13/2026

Primary Sponsor

Garland Barr

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • 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

  • 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

  • Presentation must follow GAO standards to ensure professional, objective, nonpartisan, and fact-based information

  • Hearings must be open to the public with radio, television, and photography coverage permitted

  • 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

Committee Referrals

Rules1/13/2026

Full Bill Text

No bill text available