This bill mandates the Comptroller General of the United States to conduct a comprehensive study on the budgetary and economic impacts of federal reductions in force (RIFs) on state and local governments. Congress recognizes that RIFs can displace workers, increasing demand for state-administered services like unemployment insurance and Medicaid, and reduce economic activity and tax revenues in affected regions, noting the current absence of a comprehensive federal assessment of these fiscal harms. The study's extensive scope requires examining changes in state and local government expenditures for social services, impacts on various tax revenues, and broader regional economic effects, including employment shifts. It will also investigate administrative challenges faced by states and localities, and how impacts differ based on RIF size, geographic concentration of federal employees, and the fiscal capacity of governments, utilizing diverse data sources and expert consultation. Within 18 months, the Comptroller General must submit a detailed report to Congress, including findings, an analysis of RIF efficiency, and recommendations for statutory or administrative changes to support displaced employees and affected governments. This report will also identify the most fiscally impacted areas, project budgetary consequences, and propose policy options for Congress, such as potential federal assistance or advance planning tools.