```

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4665 Introduced in Senate (IS)]

<DOC>

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.

    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 Nation Act''.

SEC. 2. ANNUAL JOINT MEETING OF CONGRESS TO RECEIVE PRESENTATION BY 
              COMPTROLLER GENERAL.

    Section 331 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(f) Annual Joint Meeting of Congress To Receive Presentation by 
Comptroller General.--
            ``(1) 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 subsection (e)(1), on a date 
        agreed upon by the Speaker of the House of Representatives, the 
        President pro tempore of the Senate, and the Comptroller 
        General of the United States, Congress shall hold a joint 
        meeting (in this subsection referred to as the `Joint Meeting') 
        to receive a presentation from the Comptroller General--
                    ``(A) reviewing the findings of the audit required 
                under subsection (e)(2); and
                    ``(B) 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.
            ``(2) Presentation of statement in accordance with gao 
        strategies and means.--The Comptroller General of the United 
        States shall ensure that the presentation at the Joint Meeting 
        is made in accordance with the Strategies and Means of the 
        Government Accountability Office, so that the presentation will 
        provide professional, objective, fact-based, nonpartisan, 
        nonideological, fair, and balanced information to the Members 
        attending the Joint Meeting.
            ``(3) Open meeting.--The Joint Meeting shall be open to the 
        public, including to radio, television, and still photography 
        coverage.
            ``(4) Effective date.--The requirement under paragraph (1) 
        shall apply with respect to any audited financial statement 
        submitted on or after the date of enactment of the Fiscal State 
        of the Nation Act.''.

SEC. 3. INCLUSION OF FINDINGS AND ANALYSIS OF FISCAL STATE OF THE 
              NATION IN CONCURRENT RESOLUTION ON THE BUDGET.

    Section 301(a) of the Congressional Budget and Impoundment Control 
Act of 1974 (2 U.S.C. 632(a)) is amended, in the matter following 
paragraph (7), by adding at the end the following: ``Each concurrent 
resolution on the budget shall include a statement of findings informed 
by the most recently conducted presentation under subsection (f) of 
section 331 of title 31, United States Code, regarding the findings of 
the audit under subsection (e)(2) of such section and the analysis of 
the financial position and condition of the Federal Government and any 
other appropriate information on the fiscal condition of the United 
States.''.
                                 <all>
```