Fiscal State of the Union Act
This bill requires both chambers of Congress to assemble each year in the Hall of the House of Representatives to receive a presentation reviewing the Government Accountability Office's audit of the financial statement of accounts and associated activities of the executive branch, together with an analysis of the financial position and condition of the federal government.
To require an annual fiscal state of the union, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fiscal State of the Union Act''.

SEC. 2. FISCAL STATE OF THE UNION.

    (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 Congress and the Comptroller General of the 
United States, the two Houses of Congress shall assemble in the Hall of 
the House of Representatives to receive a presentation from the Vice 
President and the leader of the House of Representatives of the 
opposite party of the Vice President reviewing the findings of the 
audit required under paragraph (2) of such section and 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) Effective Date.--The requirement under subsection (a) shall 
apply with respect to any audited financial statement submitted on or 
after the date of the enactment of this Act.
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Fiscal State of the Union Act
To require an annual fiscal state of the union, and for other purposes.
Fiscal State of the Union Act
Rep. Arrington, Jodey C.