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    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 167, Number 99 (Tuesday, June 8, 2021)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. NORMAN:H.R. 3785.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H2702]</pre>]]></constitutionalAuthorityStatementText>
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          <text>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.</text>
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        <fullName>Rep. Norman, Ralph [R-SC-5]</fullName>
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        <fullName>Rep. Case, Ed [D-HI-1]</fullName>
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        <text><![CDATA[ <p><strong>Fair-Value Accounting and Budget Act</strong></p> <p>This bill requires the Congressional Budget Office to provide certain fair-value estimates of federal loan and loan guarantee programs. Under the bill, the <em>fair value </em>is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair-value estimates generally use private-market interest rates to estimate the cost of a loan program rather than rates based on Treasury securities.</p>]]></text>
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      <text>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.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
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