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

April 13, 2026

Cost Estimate

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

H.R. 4642, Fiscal Contingency Preparedness Act of 2026 As ordered reported by the House Committee on Oversight and Government Reform on March 18, 2026
By Fiscal Year, Millions of Dollars		2026	2026-2031	2026-2036
Direct Spending (Outlays)		0	0	0
Revenues		0	0	0
Increase or Decrease (-) in the Deficit		0	0	0
Spending Subject to Appropriation (Outlays)		*	*	not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2037?	No	Statutory pay-as-you-go procedures apply?		No
	No	Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2037?	No	Contains intergovernmental mandate?		No
	No	Contains private-sector mandate?		No
* = between zero and $500,000.

H.R. 4642 would require the Department of the Treasury and the Office of Management and Budget to report annually on the fiscal effects and risks of government responses to certain events such as natural disasters, wars, and recessions. The bill also would require the Government Accountability Office to report to the Congress periodically about the methodology and results of that annual fiscal assessment.

Based on the cost of similar reporting requirements, CBO estimates that implementing the bill would cost less than $500,000 over the 2026-2031 period; any related spending would be subject to the availability of appropriated funds.

The CBO staff contact for this estimate is David Rafferty. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

Phillip L. Swagel Director, Congressional Budget Office

Phillip L. Swagel

Director, Congressional Budget Office