Us Congress 2023-2024 Regular Session

Us Congress House Bill HCR46

Introduced
5/18/23  

Caption

Fiscal State of the Nation Resolution

Impact

If enacted, HCR46 will significantly impact federal budgeting processes by institutionalizing a systematic review of the government's financial condition. The resolution emphasizes the availability of unbiased, objective information to assist legislators in making informed decisions during budget discussions. By ensuring that such information is presented regularly, it aims to foster a culture of fiscal responsibility and transparency within the government. This could lead to more prudent budgeting practices and better allocation of resources.

Summary

HCR46, officially titled the 'Fiscal State of the Nation Resolution', aims to establish a protocol for budget oversight and enhance government accountability through regular presentations of audited financial statements. The resolution mandates that the Committees on the Budget of both the House of Representatives and the Senate conduct a joint hearing within 45 days following the submission of the audited financial statement by the Secretary of the Treasury. This presentation will be made by the Comptroller General and is intended to provide comprehensive insights into the financial position of the federal government, including evaluating budget deficits, surpluses, and various financial sustainability measures.

Contention

While the bill's intent is to improve government transparency and accountability, there are potential concerns regarding the administrative burden it may place on the Budget Committees and the Comptroller General's office. Critics may argue that the structured hearings could lead to politicization of the financial review process, potentially complicating the objective analysis that the resolution seeks to promote. Furthermore, there may be debates surrounding the accuracy and timing of the audited statements, along with resources required to conduct these hearings effectively.

Companion Bills

US SCR10

Related Fiscal State of the Nation Resolution

Previously Filed As

US SCR10

Fiscal State of the Nation Resolution

US HB4052

National Infrastructure Bank Act of 2023

US HB6952

Fiscal State of the Nation Act

US HB3360

National Infrastructure Investment Corporation Act of 2023

US SB4665

Fiscal State of the Nation Act

US HB5025

National Office of New Americans Act

US HCR15

Authorizing the use of the Capitol Grounds for the National Peace Officers Memorial Service and the National Honor Guard and Pipe Band Exhibition.

US SB779

ACTION for National Service Act America’s Call To Improve Opportunities Now for National Service Act

US HCR36

Calling for the end of impunity of unpunished Serbian sexual war crimes during the 1999 Kosovo war in the case of United States citizen and sexual war crime survivor Vasfije Krasniqi Goodman and other survivors of sexual and gender-based violence.

US HCR54

Expressing the sense of Congress that title IX of the Education Amendments of 1972 applies to the National Collegiate Athletics Association (NCAA), and the National Collegiate Athletics Association (NCAA) should work to prevent discrimination on the basis of sex in its programs and activities.

Similar Bills

No similar bills found.