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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.
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Expired
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Additional Information
Print number: 118_SCONRES_10
Sponsor: Sen. Sinema, Kyrsten [I-AZ]
Process start date: 2023-05-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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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 118_SCONRES_10.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-18.

What are the main provisions?

Key points include:

  • 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.
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 Sen. Sinema, Kyrsten [I-AZ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy