Fair-Value Loan Estimates: Enhancing Transparency in Government Spending.
This bill aims to increase transparency in how the government assesses the costs of loan and loan guarantee programs. This will provide citizens with a clearer picture of the true cost of these programs, potentially influencing future public spending decisions and credit availability.
Key points
Requires the use of "fair-value" estimates for loan and loan guarantee programs, leading to more realistic cost assessments.
The Congressional Budget Office will publish these estimates, increasing public access to financial information.
An annual report on federal credit program costs will help citizens track how taxpayer money is spent.
Expired
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