S.Con.Res. 11Senate117th Congress (2021-2023)In Committee

Fiscal State of the Nation Resolution

A 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.

Introduced July 29, 2021

AI-Generated Summary

Updated February 8, 2026 at 5:51 AM UTC

The resolution requires the Senate and House Budget Committees to hold an annual joint hearing to receive a presentation from the Comptroller General on the audited financial statement of the executive branch. The hearing must occur within 45 days after the Treasury submits the audit and is open to the public. It involves all members of Congress and aims to provide a clear, nonpartisan analysis of the federal government's financial condition.

Key Provisions

  • Hold a joint Senate‑House Budget Committee hearing within 45 days of the Treasury’s submission of the audited financial statement.
  • The Comptroller General must present audit findings and an analysis of the government’s financial position, including deficits, surpluses, and long‑term fiscal projections.
  • The presentation must follow Government Accountability Office standards to ensure objective, nonpartisan information.
  • Hearings are to be conducted under normal Senate and House rules and must be open to the public and media.
  • Any Senator, House member, delegate, or resident commissioner may participate in the hearing.
  • The requirement applies to all audited statements submitted after the resolution’s adoption.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Referred to the Committee on the Budget. (text: CR S5182)

July 29, 2021

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SenateIntro Referral

Introduced in Senate

July 29, 2021

SenateIntro Referral

Referred to the Committee on the Budget. (text: CR S5182)

July 29, 2021

Floor Debate

21 members

What members said about S.Con.Res. 11 on the floor

15 Republicans5 Democrats1 Independent
Lindsey Graham
Sen. Lindsey GrahamR-SC · Aug 10, 2021

It is good to be back. Thank you for the inquiries about my well-being. To all my colleagues, I appreciate the good wishes and the phone calls and the food. I made it. I think the worst is behind me.…

Bernard Sanders
Sen. Bernard SandersI-VT · Aug 10, 2021

Mr. President, I ask unanimous consent that for the duration of the Senate's consideration of S. Con. Res. 14, the budget resolution for fiscal year 2021, the majority and the Republican managers of…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Feb 4, 2021

We yield back our time. Mr. President, we are going to now do 10-minute votes. The Members should be warned. Stay in your seats. We are not holding the vote open. Not exactly, says Gary, but close…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Feb 4, 2021

Madam President, in this ragtag, middle-of-the-night procedure, the Senator from Utah asks a basic question: What if my freedom conflicts with your freedom? Specifically, what if my freedom of…

Ron Wyden
Sen. Ron WydenD-OR · Aug 10, 2021

Madam President, Senate Democrats take a backseat to no one in standing up for family farmers, ranchers, and small businesses. In fact, President Biden has made it clear that any changes to stepped-…

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Mike Lee
Sen. Mike LeeR-UT · Feb 4, 2021

Madam President, I call up my amendment numbered 821 and ask that it be reported by number. Madam President, the right to live by faith--any faith of our choosing or no faith at all, if we choose--is…

John Thune
Sen. John ThuneR-SD · Aug 10, 2021

The following Senator is necessarily absent: the Senator from South Dakota (Mr. Rounds). Madam President, I rise in support of amendment No. 3106, which would preserve the longstanding step-up in…

Ted Cruz
Sen. Ted CruzR-TX · Feb 4, 2021

Mr. President, I call up my amendment No. 811, and I ask that it be reported by number. Mr. President, before this coronavirus pandemic hit this country, our economy was booming. Jobs were soaring.…

Ron Wyden
Sen. Ron WydenD-OR · Feb 4, 2021

Mr. President, I have been advised that inclusion of this amendment in the budget resolution would be corrosive to the privileged status of the resolution. Since this amendment contains material…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Aug 10, 2021

Mr. President, I have a unanimous consent request, if I might---- Mr. President, I voted for the Rubio amendment because, like others here and in Cuba, I believe the Cuban people have as much right…

Bernard Sanders
Sen. Bernard SandersI-VT · Feb 4, 2021

I urge a ``no'' vote on the amendment. Mr. President, at a time when climate change poses an existential threat to the entire planet, I urge a ``no'' vote. Vote on Amendment No. 770 Mr. President, I…

Chris Van Hollen
Sen. Chris Van HollenD-MD · Feb 4, 2021

Mr. President, I opposed amendment No. 54 proposed by Senator Young because it could prevent more than 3.5 million American citizens with Social Security numbers, including 2 million children, from…

John Barrasso
Sen. John BarrassoR-WY · Aug 10, 2021

Madam President, I call up my amendment No. 3055 and ask that it be reported by number. Madam President, I am offering this amendment to spare the Country from the so-called Green New Deal. The Green…

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Mike Crapo
Sen. Mike CrapoR-ID · Aug 10, 2021

Mr. President, I call up my amendment No. 3099 and ask that it be reported by number. Mr. President, the IRS financial institution reporting requirement forces financial institutions to turn over…

Tom Cotton
Sen. Tom CottonR-AR · Feb 4, 2021

Mr. President, I call up my amendment, No. 66, and ask that it be reported by number. Mr. President, last year, in certain fringe quarters of the Democratic Party, it seemed popular to call for…

Richard C. Shelby
Sen. Richard C. ShelbyR-AL · Aug 10, 2021

Mr. President, I call up my amendment No. 3293 and ask that it be reported by number. This is an amendment by Shelby, Inhofe, Wicker, and others, dealing with defense infrastructure. Mr. President,…

Bill Cassidy
Sen. Bill CassidyR-LA · Feb 4, 2021

Mr. President, I call up my amendment, No. 483, and I ask that it be reported by number. Mr. President, I rise in support of my amendment which would prevent taxpayer dollars from going toward…

James Lankford
Sen. James LankfordR-OK · Feb 4, 2021

Mr. President, I would like to call up my amendment No. 837 and ask it be reported by number. The First Amendment of our Constitution states that Congress shall make no law prohibiting the free…

Ron Johnson
Sen. Ron JohnsonR-WI · Feb 4, 2021

Madam President, on behalf of myself and Senator Tuberville, I call up amendment No. 542 and ask that it be reported by number. Madam President, in 2006, the Secure Fence Act was signed into law,…

Marco Rubio
Sen. Marco RubioR-FL · Feb 4, 2021

I call up my amendment 651 and ask that it be reported by number. Mr. President, starting 7 days ago, if you arrived at the border of the United States with children, you were allowed to stay in the…

Marco Rubio
Sen. Marco RubioR-FL · Aug 10, 2021

Mr. President, I call up my amendment No. 3097 and ask that it be reported by number. Mr. President, we witnessed about a month ago historic and unprecedented protests in Cuba as the people took to…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Feb 4, 2021

Mr. President, I call up my amendment No. 806 and ask that it be reported by number. Mr. President, this one is pretty simple and, hopefully, it can be pretty agreeable and we move quickly. What I am…

Tim Scott
Sen. Tim ScottR-SC · Aug 10, 2021

Mr. President, I call up my amendment No. 3073 and ask that it be reported by number. Mr. President, in over a year of uncertainty and the pain of living through a pandemic, I have to admit I am…

Shelley Moore Capito
Sen. Shelley Moore CapitoR-WV · Feb 4, 2021

Mr. President, I call up my amendment numbered 655 and ask that it be reported by number. Mr. President, we know the burden that implementing the 2015 WOTUS rule would have had on farming,…

Bill Text

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Introduced in SenateIssued July 29, 2021

III

117th CONGRESS

1st Session

S. CON. RES. 11

IN THE SENATE OF THE UNITED STATES

July 29, 2021

Ms. Sinema (for herself, Ms. Ernst, Mr. Kelly, Mr. King, Mr. Daines, Mr. Braun, and Ms. Rosen) submitted the following concurrent resolution; 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.

1.

Short title

This resolution may be cited as the Fiscal State of the Nation Resolution.

2.

Annual joint hearing of Budget Committees to receive a presentation by the Comptroller General

(a)

In general

Not later than 45 days (excluding Saturdays, Sundays, and holidays) after the date on which the Secretary of the Treasury submits to Congress the audited financial statement required under paragraph (1) of section 331(e) of title 31, United States Code, on a date agreed upon by the chairmen of the Budget Committees and the Comptroller General of the United States, the chairmen shall conduct a joint hearing to receive a presentation from the Comptroller General—

(1)

reviewing the findings of the audit required under paragraph (2) of such section; and

(2)

providing, with respect to the information included by the Secretary in the report accompanying such audited financial statement, an analysis of the financial position and condition of the Federal Government, including financial measures (such as the net operating cost, income, budget deficits, or budget surpluses) and sustainability measures (such as the long-term fiscal projection or social insurance projection) described in such report.

(b)

Presentation of statement in accordance with GAO Strategies and Means

The Comptroller General of the United States shall ensure that the presentation at each joint hearing conducted under subsection (a) is made in accordance with the Strategies and Means of the Government Accountability Office, to ensure that the presentation will provide professional, objective, fact-based, nonpartisan, nonideological, fair, and balanced information to the Members attending the hearing.

(c)

Rules applicable to hearing

(1)

In general

Each joint hearing conducted by the chairmen of the Budget Committees under subsection (a) shall be conducted in accordance with Standing Rules of the Senate and the Rules of the House of Representatives which apply to such a hearing, including the provisions requiring hearings conducted by committees to be open to the public, including to radio, television, and still photography coverage.

(2)

Permitting participation by Senators and Members not serving on Budget Committees

Notwithstanding any provision of the Standing Rules of the Senate or the Rules of the House of Representatives, any Senator and any Member of the House of Representatives (including a Delegate or Resident Commissioner to the Congress) may participate in a joint hearing under subsection (a) in the same manner and to the same extent as a Senator or Member of the House of Representatives who is a member of either of the Budget Committees.

(d)

Definition

In this section, the term Budget Committees means the Committee on the Budget of the Senate and the Committee on the Budget of the House of Representatives.

(e)

Effective date

The requirement under subsection (a) shall apply with respect to any audited financial statement under section 331(e)(1) of title 31, United States Code, submitted on or after the date of adoption of this resolution.