United States 119th Congress Status: In Committee Bipartisan · 1 D · 1 R cosponsors

S 2492 — Fiscal Contingency Preparedness Act

Last action — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced July 29, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (1 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

13 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds specific requirements for examining fiscal risks and impacts related to potential fiscal shocks to the existing annual report by the Secretary of the Treasury.

  • 31 U.S.C. § 331(e)

    (3)(A) As a component of the report required under paragraph (1), the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, shall examine the fiscal risks and fiscal impacts of the response of the Federal Government to potential national and international fiscal shocks.

    It mandates a new examination of fiscal risks related to potential financial crises.

  • 31 U.S.C. § 331(e)

    (B) In making the examination required under subparagraph (A), the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, shall--

    It specifies that the examination must be carried out in coordination with the Director of the Office of Management and Budget.

  • 31 U.S.C. § 331(e)

    (i) include an assessment of the fiscal risks and fiscal impacts of the Federal Government responding to events, such as--

    It requires assessment of various potential events that could trigger fiscal shocks.

  • 31 U.S.C. § 331(e)

    (II) a domestic energy crisis;

    It identifies specific scenarios, including domestic energy crises, that must be assessed.

  • 31 U.S.C. § 331(e)

    (III) a catastrophic natural disaster;

    It includes catastrophic natural disasters as a scenario for fiscal risk assessment.

  • 31 U.S.C. § 331(e)

    (IV) a health crisis, such as a global pandemic;

    It incorporates health crises, including pandemics, as relevant scenarios for fiscal analysis.

  • 31 U.S.C. § 331(e)

    (V) a significant armed conflict or event;

    It adds significant armed conflicts as a factor to be considered in fiscal impact analysis.

  • 31 U.S.C. § 331(e)

    (VI) a significant cyber attack;

    It mandates the consideration of significant cyber attacks in fiscal examinations.

  • 31 U.S.C. § 331(e)

    (VII) a financial crisis;

    It includes financial crises as a focus area for fiscal analysis.

  • 31 U.S.C. § 331(e)

    (ii) determine the estimated short-term and long-term fiscal effects on the Federal Government in the case of an event described in clause (i);

    It requires the determination of both short-term and long-term fiscal effects of potential events.

  • 31 U.S.C. § 331(e)

    (iii) describe significant economic impacts and indicators selected by the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, to convey the short-term and long-term fiscal effects on the Federal Government in the case of an event described in clause (i) in the method that best accomplishes the goal of the examination.

    It expects the preparation of a description of significant economic impacts related to fiscal risks.

  • 31 U.S.C. § 331(e)

    (C) In making the examination required under subparagraph (A) and determining the scope and magnitude of an event described in subparagraph (B)(i), the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, may consider historical instances of those events and the response of the Federal Government to those historical instances.

    It allows consideration of historical responses to similar events in the fiscal examination.

  • 31 U.S.C. § 331(e)

    (D) In including the examination required under subparagraph (A) in the report required under paragraph (1), the Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, may structure and report the examination in the method that best accomplishes the goal of the examination.

    It provides flexibility in how the examination is structured and reported.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 545 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (545)

545 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 2492?
S 2492 is sponsored by Warner, Mark R. (Democratic) and Young, Todd (Republican).
What is the current status of S 2492?
This bill is in committee in the Senate. Introduced July 29, 2025. It must pass committee before a floor vote.
Where can I track S 2492?
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