New Rules for Government Loan Program Cost Assessment
This act introduces new rules for assessing the costs of government loan and loan guarantee programs, requiring the use of "fair-value" accounting. This aims to more accurately show the true cost of these programs, potentially influencing future public spending decisions and loan availability.
Key points
Mandates the use of "fair-value" accounting for estimating the cost of government loan and loan guarantee programs.
The Congressional Budget Office will publish these estimates, increasing transparency in public spending.
Annual reports on the cost of federal credit programs will be publicly available, helping citizens understand how their money is spent.
Status:
Expired
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