Truth in Accounting Act of 2009

Summary

Truth in Accounting Act of 2009 - Requires the Secretary of the Treasury to include in the audited financial statement of executive branch accounts of the previous year a calculation of the net present value of the overall fiscal exposures of the U.S. government. Requires such financial statement to include a program-by-program calculation of: (1) the generational imbalance; (2) the fiscal imbalance; and (3) the total amount of the fiscal imbalance plus the public debt. Instructs the President, in preparing the federal budget, to take this financial statement into consideration, including the effect of the overall budget upon: (1) the generational imbalance calculation and the fiscal imbalance calculation; and (2) the net present value of the overall fiscal exposures of the federal government. Directs the Secretary to testify each year before Congress on the financial statement for the preceding fiscal year. Directs the Comptroller General to: (1) assess the financial condition of the U.S. government in an annual report to Congress; and (2) testify before Congress on that condition, upon request.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 10 February 2009

   Introduced

   Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 10 February 2009

   Introduced

   Referred to House Oversight and Government Reform

   Source: IntroReferral

3. 10 February 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 February 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 4 May 2009

   Referred

   Referred to the Subcommittee on Government Management, Organization, and Procurement.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 February 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 February 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 February 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 10 February 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Bachmann, Michele [R-MN-6] · R · Sponsor
• Rep. Ryan, Paul [R-WI-1] · R · Sponsor
• Rep. Cooper, Jim [D-TN-5] · D · Sponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Rep. Campbell, John [R-CA-48] · R · Sponsor
• Rep. Cole, Tom [R-OK-4] · R · Sponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Sponsor
• Rep. Franks, Trent [R-AZ-8] · R · Sponsor
• Rep. Scalise, Steve [R-LA-1] · R · Sponsor
• Rep. Fortenberry, Jeff [R-NE-1] · R · Sponsor
• Rep. Lamborn, Doug [R-CO-5] · R · Sponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Sponsor
• Rep. Posey, Bill [R-FL-8] · R · Sponsor
• Rep. Latta, Robert E. [R-OH-5] · R · Sponsor
• Rep. Brady, Kevin [R-TX-8] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Schmidt, Jean [R-OH-2] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Foxx, Virginia [R-NC-5] · R · Sponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Sponsor
• Rep. Price, Tom [R-GA-6] · R · Cosponsor
• Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
• · hsgo00 · Standing
• · hsbu00 · Standing

Related records

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