3.0.0 943 2022-02-03T06:08:11Z 2022-02-03T06:08:11Z House H HR 2009-02-10 111 hsgo00 Oversight and Accountability Committee House Standing hsgo24 Government Operations and the Federal Workforce Subcommittee Referred to 2009-05-04T14:52:43Z Referred to 2009-02-10T17:33:45Z hsbu00 Budget Committee House Standing Referred to 2009-02-10T17:33:46Z 2009-05-04 hsgo24 Government Operations and the Federal Workforce Subcommittee 1 House committee actions Referred to the Subcommittee on Government Management, Organization, and Procurement. Committee 2009-02-10 Referred to House Budget IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2009-02-10 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 2009-02-10 Referred to House Oversight and Government Reform IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2009-02-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-02-10 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 2009-02-10 True C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2009-02-10 True K000360 Rep. Kirk, Mark Steven [R-IL-10] MARK KIRK R IL STEVEN 10 2009-02-10 True C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2009-02-10 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2009-02-10 True B001262 Rep. Broun, Paul C. [R-GA-10] Paul Broun R GA C. 10 2009-02-10 True F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2009-02-10 True S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2009-02-10 True F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2009-02-10 True L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2009-02-10 True N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2009-02-10 True P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2009-02-10 True L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2009-02-10 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2009-02-10 True K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2009-02-10 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2009-02-10 True S001164 Rep. Schmidt, Jean [R-OH-2] Jean Schmidt R OH 2 2009-02-10 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2009-02-10 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2009-02-10 True H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2009-02-10 True P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2009-04-27 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2010-04-13 False Economics and Public Finance Accounting and auditing Budget deficits and national debt Budget process Disability assistance Government studies and investigations Government trust funds Medicare Social security and elderly assistance Economics and Public Finance 00 2009-02-10 Introduced in House 2009-04-09T21:12:56Z Truth in Accounting Act of 2009 - 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 2009 Short Titles as Introduced Truth in Accounting Act of 2009 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. Display Title Truth in Accounting Act of 2009 Introduced in House 2009-02-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr943ih/xml/BILLS-111hr943ih.xml 2009-05-04 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.