The Fiscal State of the Nation Act requires Congress to hold an annual public joint meeting where the Comptroller General of the United States presents findings on the federal government's financial audit and overall fiscal condition. This meeting must occur within 45 days after the Treasury Department submits its annual audited financial statement, with the date agreed upon by the Speaker of the House, the Senate President pro tempore, and the Comptroller General. The presentation will cover the government's financial position, including measures like budget deficits or surpluses, and long-term sustainability projections, delivered in a nonpartisan and fact-based manner. Additionally, the bill requires Congress to include findings from this presentation in its annual budget resolution. The requirement takes effect for any audited financial statements submitted after the bill's enactment.
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