TXCPA Urges Texas Delegation to Support Fiscal State of the Nation Act

Published: Mar 19, 2026

TXCPA is encouraging Texas lawmakers to support H.R. 7026, the Fiscal State of the Nation Act. This bill would give Congress clearer, more consistent financial insights and help strengthen long‑term fiscal decision‑making.

The Texas Society of CPAs, in collaboration with the American Institute of CPAs and other state CPA societies, expresses strong support for H.R. 7026, the Fiscal State of the Nation Act, and urges our Texas Members of Congress to cosponsor this legislation. TXCPA issued a letter to the Texas congressional delegation formally requesting that they cosponsor this important bill. The legislation takes an important step toward ensuring that Congress has fair, balanced and timely information when making long-term fiscal decisions on behalf of the American people.

H.R. 7026 would require a joint hearing of the House and Senate Budget Committees to receive an annual presentation from the U.S. Comptroller General on the federal government’s audited financial statements. This straightforward requirement helps ensure that Congress has access to consistent, fact-based insights about the nation’s fiscal condition – an especially important need in today’s complex financial environment.

TXCPA respectfully encourages support for H.R. 7026 and firmly believes that reliable, objective and well-balanced financial information is essential to sound fiscal decision-making.

Read letter.

 


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