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H.R. 7026119th CongressIn committeeLatest action Jan 13, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
This bill would require Congress to hold a public hearing each year where a nonpartisan watchdog walks lawmakers through the federal government's financial audit.
45-second read · 4 questions answered below
This bill would require Congress to hold a public joint hearing each year to review the federal government's audited financial report. The Comptroller General would present findings on deficits, debt projections, and the government's overall financial health. The hearing must happen within 45 working days of the Treasury submitting its report, must be open to the public and media, and any member of Congress may participate.
This bill primarily affects members of Congress and the Comptroller General, the head of the Government Accountability Office. Ordinary citizens would also be affected through greater public visibility into the government's financial condition.
Without this requirement, no formal process exists to ensure Congress publicly reviews the Treasury's annual financial audit together. This bill would create a set time and format for that review to happen on the record, in public.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Rules.