3.0.0
1388
2025-05-07T14:39:06Z
2025-05-07T14:39:06Z
House
H
HR
2025-02-14
119
[Congressional Record Volume 171, Number 31 (Friday, February 14, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NORMAN:H.R. 1388.Congress has the power to enact this legislation pursuantto the following:To ammend the Congressional Budget and Impoundment ControlAct of 1974 to provide for fair-value credit estimates, andfor other purposes.[Page H715]
- hsru00
Rules Committee
House
Standing
  - Referred To
2025-02-14T18:33:05Z
- hsbu00
Budget Committee
House
Standing
  - Referred To
2025-02-14T18:33:00Z
- 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.
IntroReferral
H11100
2
House floor actions
  - hsru00
Rules Committee
- 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.
IntroReferral
H11100
2
House floor actions
  - hsbu00
Budget Committee
- 2025-02-14
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2025-02-14
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
2025-02-14
True
- W000814
Rep. Weber, Randy K. Sr. [R-TX-14]
Randy
Weber
R
TX
K.
14
2025-02-14
True
- S001224
Rep. Self, Keith [R-TX-3]
Keith
Self
R
TX
3
2025-02-14
True
- E000246
Rep. Edwards, Chuck [R-NC-11]
Chuck
Edwards
R
NC
11
2025-02-21
False
Economics and Public Finance
Economics and Public Finance
2025-05-06T14:45:45Z
00
2025-02-14
Introduced in House
2025-05-07T14:33:23Z
Fair-Value Accounting and Budget Act
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 fair value 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.
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 The Budget and Economic Outlook. 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.
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.

Fair-Value Accounting and Budget Act
- Display Title
45

Fair-Value Accounting and Budget Act
2025-03-17T12:38:26Z
- Short Title(s) as Introduced
101

Fair-Value Accounting and Budget Act
2025-03-17T12:38:24Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.
2025-03-17T12:33:36Z
Introduced in House
IH
- Introduced in House
2025-02-14T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr1388ih/xml/BILLS-119hr1388ih.xml
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.
text/xml
EN
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