3.0.0 2420 2023-01-11T13:26:09Z 2023-01-11T13:26:09Z Senate S S 2014-06-03 113 ssbu00 Budget Committee Senate Standing Referred to 2014-06-03T19:37:06Z Budget and Accounting Transparency Act of 2014 113 1872 HR 2014-04-08 Received in the Senate and Read twice and referred to the Committee on the Budget. Related bill CRS 2014-06-03 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2014-06-03 Introduced in Senate IntroReferral 10000 9 Library of Congress F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE N Economics and Public Finance Accounting and auditing Appropriations Budget deficits and national debt Budget process Congressional oversight Executive agency funding and structure Government corporations and government-sponsored enterprises Government information and archives Government lending and loan guarantees Government studies and investigations Housing finance and home ownership Economics and Public Finance 00 2014-06-03 Introduced in Senate 2014-07-03T19:36:05Z Budget and Accounting Transparency Act of 2014 - Amends the Federal Credit Reform Act of 1990 (FCRA) (title V of the Congressional Budget Act of 1974) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis.

Requires the President's budget to reflect the costs of direct loan and loan guarantee programs by including the planned level of new direct loan obligations or loan guarantee commitments associated with each appropriations request. Requires agency estimates with and without a risk component that reflects the impact of using a fair value estimate to account for market risk.

Requires new budget authority and funding limitations for the cost of new direct loan obligations or loan guarantee commitments to be provided in advance. Prohibits modifications that increase costs unless budget authority has been provided in advance. Defines "cost" to include the risk component. Includes exemptions. 

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to permit adjustment of discretionary spending limits for this Act.

Changes the budgetary treatment of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).




]]> Budget and Accounting Transparency Act of 2014 Display Title Budget and Accounting Transparency Act of 2014 Official Title as Introduced A bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 to increase transparency in Federal budgeting, and for other purposes. Introduced in Senate IS Short Titles as Introduced Budget and Accounting Transparency Act of 2014 Introduced in Senate 2014-06-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2420is/xml/BILLS-113s2420is.xml 2014-06-03 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.