The bill wants Congress to have a special meeting every year where they listen to a report about how the government's money is being used and shared with everyone, a bit like a school report card for the whole country. The meeting should be open so anyone can hear what's happening.

The Fiscal State of the Nation Act is a plan where each year, important people in the U.S. government get together to hear a report about how much money the country made and spent, showing if it's keeping money safe for the future. This meeting is open so everyone can listen and understand where the money is going.