[Congressional Record Volume 160, Number 57 (Tuesday, April 8, 2014)]
[Extensions of Remarks]
[Page E543]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             BUDGET AND ACCOUNTING TRANSPARENCY ACT OF 2014

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                               speech of

                          HON. JACKIE WALORSKI

                               of indiana

                    in the house of representatives

                         Monday, April 7, 2014

  Mrs. WALORSKI. Mr. Speaker, I rise today to address H.R. 1872, the 
Budget Accounting Transparency Act. While the current accounting 
methodology for federal credit programs does not fully capture the 
financial risk assumed by the Federal Government, I am concerned that 
the fair-value estimates required by this legislation could over 
calculate the risk of default, potentially resulting in an 
overestimation of the costs associated with certain federal credit 
programs. I will be following this legislation and any methodological 
transition to fair-value estimates closely.

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