II 

118TH CONGRESS 

2D SESSION S. 4665 

To amend title 31, United States Code, to provide for a joint meeting 

of Congress to receive a presentation from the Comptroller General 

of the United States regarding the audited financial statement of the 

executive branch, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 10, 2024 

Mr. BRAUN (for himself, Mr. MANCHIN, Ms. ROSEN, Mrs. BLACKBURN, Mr. 

MARSHALL, Mr. RICKETTS, and Mr. SCOTT of Florida) introduced the 

following bill; which was read twice and referred to the Committee on 

Homeland Security and Governmental Affairs 

A BILL 

To amend title 31, United States Code, to provide for a 

joint meeting of Congress to receive a presentation from 

the Comptroller General of the United States regarding 

the audited financial statement of the executive branch, 

and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Fiscal State of the 

5 Nation Act’’. 


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•S 4665 IS

1 SEC. 2. ANNUAL JOINT MEETING OF CONGRESS TO RE2 CEIVE PRESENTATION BY COMPTROLLER 

3 GENERAL. 

4 Section 331 of title 31, United States Code, is 

5 amended by adding at the end the following: 

6 ‘‘(f) ANNUAL JOINT MEETING OF CONGRESS TO RE7 CEIVE PRESENTATION BY COMPTROLLER GENERAL.— 

8 ‘‘(1) IN GENERAL.—Not later than 45 days (ex9 cluding Saturdays, Sundays, and holidays) after the 

10 date on which the Secretary of the Treasury submits 

11 to Congress the audited financial statement required 

12 under subsection (e)(1), on a date agreed upon by 

13 the Speaker of the House of Representatives, the 

14 President pro tempore of the Senate, and the Comp15 troller General of the United States, Congress shall 

16 hold a joint meeting (in this subsection referred to 

17 as the ‘Joint Meeting’) to receive a presentation 

18 from the Comptroller General— 

19 ‘‘(A) reviewing the findings of the audit re20 quired under subsection (e)(2); and 

21 ‘‘(B) providing, with respect to the infor22 mation included by the Secretary in the report 

23 accompanying such audited financial statement, 

24 an analysis of the financial position and condi25 tion of the Federal Government, including fi26 nancial measures (such as the net operating 


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•S 4665 IS

1 cost, income, budget deficits, or budget sur2 pluses) and sustainability measures (such as the 

3 long-term fiscal projection or social insurance 

4 projection) described in such report. 

5 ‘‘(2) PRESENTATION OF STATEMENT IN AC6 CORDANCE WITH GAO STRATEGIES AND MEANS.— 

7 The Comptroller General of the United States shall 

8 ensure that the presentation at the Joint Meeting is 

9 made in accordance with the Strategies and Means 

10 of the Government Accountability Office, so that the 

11 presentation will provide professional, objective, fact12 based, nonpartisan, nonideological, fair, and bal13 anced information to the Members attending the 

14 Joint Meeting. 

15 ‘‘(3) OPEN MEETING.—The Joint Meeting shall 

16 be open to the public, including to radio, television, 

17 and still photography coverage. 

18 ‘‘(4) EFFECTIVE DATE.—The requirement 

19 under paragraph (1) shall apply with respect to any 

20 audited financial statement submitted on or after 

21 the date of enactment of the Fiscal State of the Na22 tion Act.’’. 


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•S 4665 IS

1 SEC. 3. INCLUSION OF FINDINGS AND ANALYSIS OF FISCAL 

2 STATE OF THE NATION IN CONCURRENT RES3 OLUTION ON THE BUDGET. 

4 Section 301(a) of the Congressional Budget and Im5 poundment Control Act of 1974 (2 U.S.C. 632(a)) is 

6 amended, in the matter following paragraph (7), by adding 

7 at the end the following: ‘‘Each concurrent resolution on 

8 the budget shall include a statement of findings informed 

9 by the most recently conducted presentation under sub10 section (f) of section 331 of title 31, United States Code, 

11 regarding the findings of the audit under subsection (e)(2) 

12 of such section and the analysis of the financial position 

13 and condition of the Federal Government and any other 

14 appropriate information on the fiscal condition of the 

15 United States.’’. 

Æ 


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