3.0.0 3958 2023-01-11T20:23:14Z 2023-01-11T20:23:14Z House H HR 2007-10-24 110 hsgo00 Oversight and Accountability Committee House Standing hsgo24 Government Operations and the Federal Workforce Subcommittee Referred to 2007-11-14T14:47:54Z Referred to 2007-10-24T14:04:00Z hsbu00 Budget Committee House Standing Referred to 2007-10-24T14:04:05Z 2007-11-14 hsgo24 Government Operations and the Federal Workforce Subcommittee 1 House committee actions Referred to the Subcommittee on Government Management, Organization, and Procurement. Committee 2007-10-24 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2007-10-24 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2007-10-24 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2007-10-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-24 Introduced in House IntroReferral 1000 9 Library of Congress B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 N R000570 Rep. Ryan, Paul [R-WI-1] PAUL RYAN R WI 1 2007-10-24 True K000360 Rep. Kirk, Mark Steven [R-IL-10] MARK KIRK R IL STEVEN 10 2007-10-24 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2007-10-24 True H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 2007-10-24 True B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2007-10-24 True B001228 Rep. Bono, Mary [R-CA-45] Mary Bono R CA 45 2007-10-24 True R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2007-10-24 True M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2007-10-24 True S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2007-10-24 True F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2007-10-24 True H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2007-10-24 True S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2007-10-24 True G000280 Rep. Goode, Virgil H., Jr. [R-VA-5] VIRGIL GOODE R VA H. 5 2007-10-24 True D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2007-10-24 True F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2007-10-24 True M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2007-10-24 True W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2007-10-24 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2007-10-24 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2007-10-24 True L000517 Rep. Lungren, Daniel E. [R-CA-3] DANIEL LUNGREN R CA EDWARD 3 2007-10-24 True C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2007-10-24 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-10-24 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-10-24 True C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2007-10-24 True C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2007-10-24 True S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2007-10-24 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2007-10-24 True D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2007-10-24 True B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2007-10-24 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2007-10-24 True P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2007-10-24 True L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2007-10-24 True C001046 Rep. Cantor, Eric [R-VA-7] ERIC CANTOR R VA 7 2007-10-24 True D000606 Rep. Davis, David [R-TN-1] David Davis R TN 1 2007-10-24 True W000798 Rep. Walberg, Timothy [R-MI-7] Timothy Walberg R MI 7 2007-10-24 True K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2007-10-24 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2007-10-24 True B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2007-10-24 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2007-10-24 True W000672 Rep. Wolf, Frank R. [R-VA-10] FRANK WOLF R VA R. 10 2007-10-29 False P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-11-01 False M001152 Rep. Musgrave, Marilyn N. [R-CO-4] Marilyn Musgrave R CO N. 4 2007-11-01 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2007-11-01 False G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2007-11-01 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2007-11-01 False J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2007-11-01 False K000364 Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] John Kuhl R NY R. "Randy" 29 2007-11-01 False B001235 Rep. Brown, Henry E., Jr. [R-SC-1] HENRY BROWN R SC E. 1 2007-11-01 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2007-11-01 False B000461 Rep. Bilbray, Brian P. [R-CA-50] BRIAN BILBRAY R CA P. 50 2007-11-01 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2007-11-01 False H000323 Rep. Hastert, J. Dennis [R-IL-14] J. HASTERT R IL DENNIS 14 2007-11-01 False P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2007-11-15 False Economics and Public Finance Accounting Armed Forces and National Security Black lung Civil service retirement Coal Congress Congressional investigations Congressional reporting requirements Demography Energy Federal budgets Finance and Financial Sector Financial statements Government Operations and Politics Government trust funds Health Insurance premiums Labor and Employment Medical economics Medicare Military pensions Miners Old age, survivors and disability insurance Public debt Railroad retirement plans Social Welfare Social security taxes Transportation and Public Works Valuation Workers' compensation Economics and Public Finance 00 2007-10-24 Introduced in House 2008-03-05T20:38:28Z Truth in Accounting Act of 2007 - Requires the Secretary of the Treasury to include in the audited financial statement of executive branch accounts of the previous year a calculation of the net present value of the overall fiscal exposures of the U.S. government.

Requires such financial statement to include a program-by-program calculation of: (1) the generational imbalance; (2) the fiscal imbalance; and (3) the total amount of the fiscal imbalance plus the public debt.

Instructs the President, in preparing the federal budget, to take this financial statement into consideration, including the effect of the overall budget upon: (1) the generational imbalance calculation and the fiscal imbalance calculation; and (2) the net present value of the overall fiscal exposures of the federal government.

Directs the Secretary to testify each year before Congress on the financial statement for the preceding fiscal year.

Directs the Comptroller General to: (1) assess the financial condition of the U.S. government in an annual report to Congress; and (2) testify before Congress on that condition, upon request.

]]> Truth in Accounting Act of 2007 Official Title as Introduced To amend title 31, United States Code, to require certain additional calculations to be included in the annual financial statement submitted under section 331(e) of that title, and for other purposes. Introduced in House IH Display Title Truth in Accounting Act of 2007 Short Titles as Introduced Truth in Accounting Act of 2007 Introduced in House 2007-10-24T04:00:00Z 2007-11-14 Referred to the Subcommittee on Government Management, Organization, and Procurement. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.