S. 5225, also known as the "Reassuring Economic Stability In Light of International, Economic, and Natural Conflicts and Emergencies Act" or the "RESILIENCE Act," aims to strengthen the Federal Government's ability to respond to fiscal shocks. The bill mandates the Secretary...
Simple Explanation
In simple terms, the "RESILIENCE Act" is a plan to help make sure the U.S. government is ready for big money problems, like recessions or disasters, by having important people look at the risks and write reports about them every year. This helps everyone understand what's going on and if we need to be worried about anything.