HR. 1388In Committee
Fair-Value Accounting and Budget Act
Requires fair-value cost estimates for federal loan and loan guarantee programs in CBO scoring, budget outlooks, and annual OMB reporting
Plain-English overview
What this bill does
Requires fair-value cost estimates for federal loan and loan guarantee programs in CBO scoring, budget outlooks, and annual OMB reporting
Key points
- Require CBO fair value estimates
- Require budget enforcement use
- Require OMB annual report
Current status
Where it stands
Status
In Committee
Latest action
2025-02-14 — Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
undefinedCongressional oversightEconomics and Public FinanceGovernment lending and loan guarantees