S 2492
Fiscal Contingency Preparedness Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 9:08 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill requires the Treasury Secretary, working with the Office of Management and Budget, to assess the federal government’s ability to handle sudden economic or financial crises. Specifically, it mandates an annual report examining potential fiscal shocks like recessions, natural disasters, and cyberattacks, along with their likely impacts on the government’s finances. The report will also be reviewed by the Government Accountability Office to ensure its methodology and findings are sound.
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