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Changes to Credit Guarantee Cost Estimates

This document makes a minor change to how the government calculates the costs of its credit programs. This aims to ensure that these estimates are more precise, which can affect how the government manages its finances and credit support programs. For citizens, this means greater transparency in public spending related to credit guarantees.
Key points
Requires government credit program cost estimates to include the percentage guaranteed on loan guarantee commitments.
Increases transparency in financial reporting for government credit programs.
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Expired
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Additional Information
Print number: 117_HR_8067
Sponsor: Rep. Yarmuth, John A. [D-KY-3]
Process start date: 2022-06-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To make technical changes clarifying section 503 of the Federal Credit Reform Act of 1990.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8067.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-06-14.

What are the main provisions?

Key points include:

  • Requires government credit program cost estimates to include the percentage guaranteed on loan guarantee commitments.
  • Increases transparency in financial reporting for government credit programs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Yarmuth, John A. [D-KY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Budget.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments