Fiscal Contingency Preparedness Act

Summary

The bill directs the Secretary of the Treasury, working with the Director of the Office of Management and Budget, to examine how the federal government would be financially affected by events such as recessions, energy crises, natural disasters, pandemics, wars, cyber attacks, and financial crises. The findings must be included in the Treasury’s annual report to Congress, and the Government Accountability Office must review and publish its own assessment of the methodology and results. The goal is to give policymakers clearer insight into potential fiscal vulnerabilities.

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