3.0.0 5571 2025-06-23T16:22:07Z 2025-06-23T16:22:07Z House H HR 2023-09-19 118 <pre>[Congressional Record Volume 169, Number 151 (Tuesday, September 19, 2023)][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. 5571.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8The single subject of this legislation is:To amend the Congressional Budget and Impoundment ControlAct of 1974 to provide for fair-value credit estimates, andfor other purposes.[Page H4409]</pre> hsru00 Rules Committee House Standing Referred To 2023-09-19T14:04:20Z hsbu00 Budget Committee House Standing Referred To 2023-09-19T14:04:15Z 2023-09-19 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. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2023-09-19 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2023-09-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-09-19 Introduced in House IntroReferral 1000 9 Library of Congress N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 N G000576 Rep. Grothman, Glenn [R-WI-6] Glenn Grothman R WI 6 2023-09-19 True Economics and Public Finance Congressional oversight 2025-06-23T16:22:07Z Government lending and loan guarantees 2025-06-23T16:22:02Z Economics and Public Finance 2023-09-26T13:00:23Z

00 2023-09-19 Introduced in House 2024-08-13T18:40:24Z <p><strong>Fair-Value Accounting and Budget Act</strong></p><p>This bill requires the Congressional Budget Office (CBO) 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><p>The bill requires CBO to include fair-value estimates in (1) any estimate prepared for a measure that establishes or modifies a loan or loan guarantee program, and (2) its publication titled<em> The Budget and Economic Outlook. </em>If CBO provides a fair-value estimate pursuant to this bill, the chairs of the congressional budget committees must use the estimate to determine compliance with budget enforcement requirements.&nbsp;&nbsp;</p><p>The bill also requires the Office of Management and Budget to submit an annual report to Congress on fair-value estimates of the costs of federal credit programs.&nbsp;&nbsp;</p>

Display Title 45 2024-07-24T15:20:23Z Short Title(s) as Introduced 101 2024-05-24T13:36:23Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:25:28Z Introduced in House IH Introduced in House 2023-09-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5571ih/xml/BILLS-118hr5571ih.xml 2023-09-19 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/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.