Establish annual national fiscal stress tests by the Treasury Department and OMB to assess federal resilience against economic, energy, and security shocks.

Scott H. Peters · California · Democratic

oversight impact 0.50 specificity 0.86 extraction confidence 88%

Commitment kind: action. Promised action: Call for yearly assessments of government fiscal resilience by the Treasury Department and OMB.. Promised outcome: Federal preparedness for economic, energy, and security shocks is evaluated annually.. Deadline: unknown; not assumed expired. Official House press release for Rep. Scott Peters as Bipartisan Fiscal Forum co-chair urging House leadership to include fiscal reforms in upcoming legislation.

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Occurrences

4. A National Fiscal Stress Test: The Co-chairs call for yearly assessments of government fiscal resilience against emergencies. The U.S. Department of the Treasury and Office of Management and Budget (OMB) would evaluate preparedness for economic, energy, and security shocks.

Peters and Huizenga called for yearly fiscal stress tests by Treasury and OMB.

Peters, Huizenga Urge House Leadership to Adopt Their Fiscal Reforms as National Debt Tops $40 Trillion | Congressman Scott Peters
primary · press_release · model gpt-5.5

Evidence

verified · Source version 77190 · locator 1169

Congressional Bills H.R. 4642

Fetched verbatim passage. AI summary (separate from source): Latest lookback-window official GovInfo entry identifies H.R. 4642 but does not show enactment or implementation of annual Treasury/OMB stress tests.

unresolved same_term

CRI2026 - FISCAL CONTINGENCY PREPAREDNESS ACT - CRI-2026-FISCAL-CONTINGENCY-PREPAREDNESS-A-4FDEDD | Content Details | GovInfo
secondary · model gpt-5.5 · confidence 62%

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unverified · Source version 77192 · locator unknown

11/19/2025 - Rep. Peters, Scott H. [D-CA-50]

Unverified model/legacy excerpt; not proof. AI summary (separate from source): Peters joined H.R. 4642 as a cosponsor, documenting effort toward the commitment but not delivery.

unresolved same_term A for effort

Cosponsors - H.R.4642 - 119th Congress (2025-2026): Fiscal Contingency Preparedness Act | Congress.gov | Library of Congress
secondary · model gpt-5.5 · confidence 86%

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unverified · Source version 77194 · locator unknown

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.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The bill text matches the promised annual fiscal stress-test framework, but it is proposed statutory language rather than enacted law.

unresolved same_term A for effort

BILLS-119HR4642ih.pdf
secondary · model gpt-5.5 · confidence 90%

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verified · Source version 77196 · locator 5283

The bill, H.R. 4642, as amended, was ordered favorably reported by Roll Call vote of 39-1,

Fetched verbatim passage. AI summary (separate from source): Committee approval shows concrete legislative progress, but it remains an attempt absent full congressional passage and enactment.

unresolved same_term A for effort

HMKP-119-GO00-20260318-SD017.pdf
secondary · model gpt-5.5 · confidence 92%

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verified · Source version 77198 · locator 5467

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.

Fetched verbatim passage. AI summary (separate from source): CBO confirms the bill would create the annual Treasury/OMB reporting requirement if enacted; the wording remains prospective.

unresolved same_term A for effort

H.R. 4642, Fiscal Contingency Preparedness Act of 2026 | Congressional Budget Office
secondary · model gpt-5.5 · confidence 91%

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verified · Source version 77200 · locator 1292

introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

Fetched verbatim passage. AI summary (separate from source): The Senate companion was introduced and referred, showing parallel effort but no enacted annual stress-test mandate.

unresolved same_term A for effort

S. 2492 (IS) - Fiscal Contingency Preparedness Act - BILLS-119s2492is | Content Details | GovInfo
secondary · model gpt-5.5 · confidence 83%

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Assessments

Public state: pending As of 2026-10-02 · verified · . Original AI recommendation (not independently established): unresolved. unknown A for effort

The verified commitment calls for annual Treasury/OMB fiscal resilience assessments. Verified evidence shows H.R. 4642 would create an annual Treasury/OMB reporting requirement and that the bill was favorably reported by committee, but the verified passages do not show enactment or actual annual implementation as of 2026-10-02. Because the promised outcome was establishment/annual evaluation rather than merely introducing or advancing a bill, legislative progress alone is not delivery or partial delivery. The verified passages also do not establish Peters' material role in H.R. 4642, so attribution for the outcome remains unknown.

provider codex_cli · model gpt-5.5 · confidence 86%