today, I rise to recognize bipartisan legislation that I have introduced called the Fiscal Contingency Preparedness Act, which has garnered widespread support from Members on both sides of the Chamber. Just this week, the bipartisan Problem Solvers Caucus endorsed the bill. At its core, this bill reflects a simple principle: Just as American families plan ahead for emergencies, the Federal Government must do the same. Whether facing a natural disaster, an economic crisis, or a national security threat, Washington must understand its financial readiness to respond effectively. For too long, the Federal Government has failed to seriously assess its ability to weather major national emergencies. Families across Virginia save for unexpected expenses and prepare for uncertainty. It is only reasonable that the government entrusted with safeguarding the Nation apply the same level of responsibility and foresight. This bill would require the Federal Government to conduct regular stress tests and publicly report on its capacity to respond to major emergency situations, ensuring transparency and sound decisionmaking during times of crisis. Preparedness should never be a partisan issue. By identifying risks ahead of time, we can strengthen our response and protect taxpayers from avoidable failures during moments of national urgency. Mr. Speaker, the Fiscal Contingency Preparedness Act is about responsibility and readiness.
Editor's note · Context
Introducing the Fiscal Contingency Preparedness Act and discussing its importance for government preparedness.
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