[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1322 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 1322

To require an annual fiscal state of the union, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 25, 2021

  Mr. Arrington (for himself, Mr. Hern, Mr. Crenshaw, Mr. Banks, Mr. 
   Perry, and Mr. Jackson) introduced the following bill; which was 
           referred to the Committee on House Administration

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                                 A BILL


 
To require an annual fiscal state of the union, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fiscal State of the Union Act''.

SEC. 2. FISCAL STATE OF THE UNION.

    (a) In General.--Not later than 45 days (excluding Saturdays, 
Sundays, and holidays) after the date on which the Secretary of the 
Treasury submits to Congress the audited financial statement required 
under paragraph (1) of section 331(e) of title 31, United States Code, 
on a date agreed upon by Congress and the Comptroller General of the 
United States, the two Houses of Congress shall assemble in the Hall of 
the House of Representatives to receive a presentation from the Vice 
President and the leader of the House of Representatives of the 
opposite party of the Vice President reviewing the findings of the 
audit required under paragraph (2) of such section and providing, with 
respect to the information included by the Secretary in the report 
accompanying such audited financial statement, an analysis of the 
financial position and condition of the Federal Government, including 
financial measures (such as the net operating cost, income, budget 
deficits, or budget surpluses) and sustainability measures (such as the 
long-term fiscal projection or social insurance projection) described 
in such report.
    (b) Effective Date.--The requirement under subsection (a) shall 
apply with respect to any audited financial statement submitted on or 
after the date of the enactment of this Act.
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