HOUSE 3785117th CongressReferred 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.

Fair-Value Accounting and Budget Act

Last Action: 6/8/2021

Actions

2021-06-08Referred 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.
2021-06-08Referred 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.
2021-06-08Introduced in House
2021-06-08Introduced in House

CRS Summary

As of 2021-06-08 (00)

Fair-Value Accounting and Budget Act

This bill requires the Congressional Budget Office 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.

Cosponsors (1)

Ed Case (D-HI)

Subjects

Congressional oversight
Government lending and loan guarantees

Read on Congress.gov

Sourced from Congress.gov (public domain).

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