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Mandating Annual Public Review of Federal Government Financial Health.

This resolution mandates an annual, public joint hearing in Congress where the independent Comptroller General must present a detailed analysis of the federal government's finances. Citizens gain a guaranteed, objective report on the nation's debt, deficits, and long-term financial stability, enhancing transparency regarding public spending. This report must be nonpartisan and open to the public and media.
Key points
Requires an annual, public report on the full financial condition of the federal government (debt, deficits, operating costs, and long-term projections).
The report must be presented by the independent GAO, ensuring it is objective, nonpartisan, and open to the public and media, increasing citizen oversight.
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Status:
Expired
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Additional Information
Print number: 117_HCONRES_44
Sponsor: Rep. Rice, Kathleen M. [D-NY-4]
Process start date: 2021-07-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fiscal State of the Nation Resolution

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HCONRES_44.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • Requires an annual, public report on the full financial condition of the federal government (debt, deficits, operating costs, and long-term projections).
  • The report must be presented by the independent GAO, ensuring it is objective, nonpartisan, and open to the public and media, increasing citizen oversight.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Rice, Kathleen M. [D-NY-4].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and agree to the resolution, as amended Agreed to by voice vote. (text: CR H6134)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy