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Fiscal State of the Union Act

This Act requires the two Houses of Congress to assemble annually to receive a presentation on the financial position of the Federal Government. The presentation is based on audited financial statements and includes an analysis of deficits, surpluses, and long-term fiscal projections. It is delivered by the Vice President and the leader of the House of Representatives of the opposite party of the Vice President.
Key points
Requires an annual assembly of both Houses of Congress to receive a presentation on the Federal Government's financial state.
The presentation must occur not later than 45 days (excluding Saturdays, Sundays, and holidays) after the Treasury Secretary submits the audited financial statement.
The presentation is delivered by the Vice President and the leader of the House of Representatives of the opposite party of the Vice President.
Analysis must include financial measures such as net operating costs, deficits, surpluses, and long-term sustainability projections.
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Additional Information
Print number: 117_HR_1322
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2021-02-25
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fiscal State of the Union Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1322.

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 2021-02-25.

What are the main provisions?

Key points include:

  • Requires an annual assembly of both Houses of Congress to receive a presentation on the Federal Government's financial state.
  • The presentation must occur not later than 45 days (excluding Saturdays, Sundays, and holidays) after the Treasury Secretary submits the audited financial statement.
  • The presentation is delivered by the Vice President and the leader of the House of Representatives of the opposite party of the Vice President.
  • Analysis must include financial measures such as net operating costs, deficits, surpluses, and long-term sustainability projections.
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. Arrington, Jodey C. [R-TX-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

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

CATEGORIES

Economy Government Operations