Requires the Treasury Secretary, working with the Office of Management and Budget, to add to the government's annual fiscal report an assessment of how federal spending and revenue would be affected by major shocks such as a recession, pandemic, natural disaster, cyber attack, or armed conflict.

• Adds a section to the annual Treasury fiscal risk report examining the government's response to national and international fiscal shocks
• Covers scenarios including recessions, energy crises, catastrophic natural disasters, pandemics, significant armed conflicts, cyber attacks, and financial crises
• Requires estimates of short-term and long-term effects on the federal budget and directs the GAO to review the methodology and publish findings

• Oversight and Government Reform Committee (House)

Government Operations and Politics