H.R. 7026In committeeJobs & the economy
Bill requires public GAO briefing on federal finances
Data as of July 11, 2026
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
Decoded
What does this do?
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.
Who does it affect?
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.
Why does it matter?
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.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Fiscal State of the Nation Act
- Introduced:
- January 13, 2026
- Latest action:
- January 13, 2026
Referred to the House Committee on Rules.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.