HR 1388 · in committee · major
Fair-Value Accounting and Budget Act
- government reform
What this bill does
- The bill requires the Congressional Budget Office to calculate loan costs using fair-value accounting instead of Treasury-based rates.
- It affects federal loan and loan guarantee programs and how Congress measures their budgetary impact.
- The change applies immediately to new estimates and annual reports, with no new spending required.
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Community Threads
Started by Cosponsor
- 01
How would switching to fair-value accounting change the measured cost of federal student loans and other loan programs in budget projections?
- 02
Which federal loan programs would be most affected by using fair-value accounting instead of Treasury-based rates for cost calculations?
- 03
What trade-offs exist between more accurate loan cost measurement and the current budgeting approach for Congress's decision-making?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-SC-5
Ralph Norman
Citizen cosponsors
0
In Congress
4/ 435
House Reps cosponsoring
Introduced 2025-02-14
Joining the bill
Legislative timeline
2025-02-14 · house · IntroReferral
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.
2025-02-14 · house · IntroReferral
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.
2025-02-14 · IntroReferral
Introduced in House
2025-02-14 · IntroReferral
Introduced in House
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