[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2053 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2053

       To amend the Federal Credit Reform Act of 1990 to include 
administrative costs in the estimated long-term costs to the Government 
      of direct loans and loan guarantees, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 10, 1993

Mr. Smith of Texas (for himself, Mr. Kasich, Mr. Cox, Mr. Franks of New 
Jersey, Mr. McMillan, Mr. Kolbe, Mr. Shays, Ms. Snowe, Mr. Herger, Mr. 
Bunning, Mr. Allard, Mr. Hobson, Mr. Miller of Florida, Mr. Lazio, Mr. 
    Smith of Michigan, Mr. Inglis of South Carolina, Mr. Hoke, Mr. 
    Gingrich, Mr. Petri, Mr. Zimmer, and Mr. Bartlett of Maryland) 
 introduced the following bill; which was referred to the Committee on 
                         Government Operations

_______________________________________________________________________

                                 A BILL


 
       To amend the Federal Credit Reform Act of 1990 to include 
administrative costs in the estimated long-term costs to the Government 
      of direct loans and loan guarantees, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION l. SHORT TITLE.

    This Act may be cited as the ``Administrative Cost Inclusion Act of 
1993''.

SEC. 2. TREATMENT OF ADMINISTRATIVE COSTS REGARDING DIRECT AND 
              GUARANTEED LOANS.

    Paragraph (5)(A) of section 502 of the Federal Credit Reform Act of 
1990 (2 U.S.C. 661a(5)(A)) is amended by striking ``excluding'' and 
inserting ``including''.

SEC. 3. TREATMENT OF ADMINISTRATIVE COSTS IN THE PRESIDENT'S ANNUAL 
              BUDGET SUBMISSION.

    Section 1105(a) of title 31, United States Code, is amended by 
adding at the end the following new paragraphs:
            ``(29) a separate listing of administrative costs for 
        direct loans and loan guarantees computed on a cash accounting 
        basis for any such loans and guarantees originating before 
        enactment of this paragraph.
            ``(30) an appendix setting forth on a cash accounting basis 
        the administrative costs of all loans and loan guarantees by 
        program, by agency, and for the Government.''.

SEC. 4. EFFECIVE DATE.

    The amendment made by section 2 shall take effect on the first day 
of the first fiscal year beginning after the date of enactment of this 
Act.

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