Fiscal State of the Nation Resolution

III 118TH CONGRESS 1ST SESSION S. CON. RES. 10 Providing for an annual joint hearing of the Committee on the Budget of the Senate and the Committee on the Budget of the House of Rep- resentatives to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the execu- tive branch. IN THE SENATE OF THE UNITED STATES MAY 18, 2023 Ms. SINEMA (for herself, Ms. ERNST, Mr. KING, Mr. BRAUN, Ms. COLLINS, Mr. DAINES, and Mr. KELLY) submitted the following concurrent resolu- tion; which was referred to the Committee on the Budget CONCURRENT RESOLUTION Providing for an annual joint hearing of the Committee on the Budget of the Senate and the Committee on the Budget of the House of Representatives to receive a presentation from the Comptroller General of the United States regarding the audited financial statement of the executive branch. Resolved by the Senate (the House of Representatives 1 concurring), 2 SECTION 1. SHORT TITLE. 3 This resolution may be cited as the ‘‘Fiscal State of 4 the Nation Resolution’’. 5 VerDate Sep 11 2014 23:46 May 18, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\SC10.IS SC10 kjohnson on DSK79L0C42PROD with BILLS 2 •SCON 10 IS SEC. 2. ANNUAL JOINT HEARING OF BUDGET COMMITTEES 1 TO RECEIVE A PRESENTATION BY THE COMP- 2 TROLLER GENERAL. 3 (a) IN GENERAL.—Not later than 45 days (excluding 4 Saturdays, Sundays, and holidays) after the date on which 5 the Secretary of the Treasury submits to Congress the au- 6 dited financial statement required under paragraph (1) of 7 section 331(e) of title 31, United States Code, on a date 8 agreed upon by the chairs of the Budget Committees and 9 the Comptroller General of the United States, the chairs 10 shall conduct a joint hearing to receive a presentation 11 from the Comptroller General— 12 (1) reviewing the findings of the audit required 13 under paragraph (2) of such section; and 14 (2) providing, with respect to the information 15 included by the Secretary in the report accom- 16 panying such audited financial statement, an anal- 17 ysis of the financial position and condition of the 18 Federal Government, including financial measures 19 (such as the net operating cost, income, budget defi- 20 cits, or budget surpluses) and sustainability meas- 21 ures (such as the long-term fiscal projection or social 22 insurance projection) described in such report. 23 (b) PRESENTATION OF STATEMENT IN ACCORDANCE 24 WITH GAO STRATEGIES AND MEANS.—The Comptroller 25 General of the United States shall ensure that the presen- 26 VerDate Sep 11 2014 23:46 May 18, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\SC10.IS SC10 kjohnson on DSK79L0C42PROD with BILLS 3 •SCON 10 IS tation at each joint hearing conducted under subsection 1 (a) is made in accordance with the Strategies and Means 2 of the Government Accountability Office, to ensure that 3 the presentation will provide professional, objective, fact- 4 based, nonpartisan, nonideological, fair, and balanced in- 5 formation to the Members attending the hearing. 6 (c) RULES APPLICABLE TO HEARING.— 7 (1) IN GENERAL.—Each joint hearing con- 8 ducted by the chairs of the Budget Committees 9 under subsection (a) shall be conducted in accord- 10 ance with Standing Rules of the Senate and the 11 Rules of the House of Representatives which apply 12 to such a hearing, including the provisions requiring 13 hearings conducted by committees to be open to the 14 public, including to radio, television, and still pho- 15 tography coverage. 16 (2) PERMITTING PARTICIPATION BY SENATORS 17 AND MEMBERS NOT SERVING ON BUDGET COMMIT- 18 TEES.—Notwithstanding any provision of the Stand- 19 ing Rules of the Senate or the Rules of the House 20 of Representatives, any Senator and any Member of 21 the House of Representatives (including a Delegate 22 or Resident Commissioner to the Congress) may 23 participate in a joint hearing under subsection (a) in 24 the same manner and to the same extent as a Sen- 25 VerDate Sep 11 2014 23:46 May 18, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\SC10.IS SC10 kjohnson on DSK79L0C42PROD with BILLS 4 •SCON 10 IS ator or Member of the House of Representatives who 1 is a member of either of the Budget Committees. 2 (d) DEFINITION.—In this section, the term ‘‘Budget 3 Committees’’ means the Committee on the Budget of the 4 Senate and the Committee on the Budget of the House 5 of Representatives. 6 (e) EFFECTIVE DATE.—The requirement under sub- 7 section (a) shall apply with respect to any audited finan- 8 cial statement under section 331(e)(1) of title 31, United 9 States Code, submitted on or after the date of adoption 10 of this resolution. 11 Æ VerDate Sep 11 2014 23:46 May 18, 2023 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\SC10.IS SC10 kjohnson on DSK79L0C42PROD with BILLS