Federal agencies would have to study how the government handles major financial crises.
This bill would make the Treasury Department and the Office of Management and Budget regularly study how the government can respond to big financial problems like recessions or pandemics. The Government Accountability Office would then review this study.
Today, the Treasury Department provides an annual financial report. However, it doesn't specifically require a detailed examination of how the government would handle major financial crises. If this bill becomes law, the Treasury Department, working with the Office of Management and Budget, would have to include a yearly study. This study would cover the government's ability to respond to shocks like recessions or pandemics. The Government Accountability Office would also review this new study.
HR 4642 · 119th Congress · July 23, 2025 · AI Summary by gemini-2.5-flash · 7/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.