HR 4642 · 119th Congress · Government Operations and Politics

Fiscal Contingency Preparedness Act

Introduced 2025-07-23· Sponsored by Rep. Cline, Ben [R-VA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 1.(2026-03-18)

Plain Language Summary

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4642 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4642 To require the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, to examine the ability of the Federal Government to respond to potential fiscal shocks, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 23, 2025 Mr. Cline (for himself, Mr. Golden of Maine, Mr. Bergman, and Ms. Perez) introduced the following bill; which was referred to the Committee on Oversight and Government Reform _______________________________________________________________________ A BILL To require the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, to examine the ability of the Federal Government to respond to potential fiscal shocks, 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 Contingency Preparedness Act'…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4642, Fiscal Contingency Preparedness Act of 2026

Apr 13, 2026

As ordered reported by the House Committee on Oversight and Government Reform on March 18, 2026

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (18)

9 Democrats9 Republicans