PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

Before you vote › Federal bills

H.R. 7026: Fiscal State of the Nation Act

119th Congress · introduced 2026-01-13 · Economics and Public Finance · Latest: Referred to the House Committee on Rules.

federal

What does this mean?

Official title

Fiscal State of the Nation Act

Plain summary

Fiscal State of the Nation Act This bill requires the congressional budget committees to conduct an annual joint hearing to receive a presentation from the Comptroller General regarding (1) the Government Accountability Office's audit of the financial statement of the executive branch, and (2) the financial position and condition of the federal government.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Fiscal State of the Nation Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

Officials and money

Sponsor: Rep. Barr, Andy [R-KY-6] · 11 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Scott H. Peters (D-CA), Jimmy Panetta (D-CA), Christopher R. Deluzio (D-PA), Pat Harrigan (R-NC), Susie Lee (D-NV), Diana Harshbarger (R-TN), Don Bacon (R-NE), Frank D. Lucas (R-OK), James C. Moylan (R-GU), Tracey Mann (R-KS), Hillary J. Scholten (D-MI)

Sponsor's campaign money: Rep. Barr, Andy [R-KY-6] reported raising $12.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr7026 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills