Mandatory Annual Federal Financial Audit: Increased Budget Transparency.
This resolution mandates an annual, public joint hearing in Congress where the independent Comptroller General must present and analyze the audited financial statement of the federal government. The goal is to provide citizens with objective facts regarding the nation's debt, deficits, and long-term fiscal sustainability. This ensures greater transparency in how public funds are managed.
Key points
Requires an annual joint public hearing of the Senate and House Budget Committees.
The Comptroller General (GAO) must present an objective analysis of the government's audited financial statement.
The hearing must be open to the public and media, enhancing accountability.
Analysis must cover deficits, surpluses, and long-term fiscal projections.
Status:
Expired
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