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New Rules for Government Loan Program Cost Estimates

This act introduces new rules for estimating the costs of government loan and loan guarantee programs, requiring the use of "fair-value" accounting. This aims to provide a more accurate picture of the true costs of these programs, potentially influencing budget decisions and the future availability and terms of federal loans for citizens and businesses.
Key points
All new or modified government loan programs will have more precise cost estimates, potentially affecting their design.
Annual reports will detail the full costs of credit programs, increasing transparency in public spending.
The changes aim for better government budget management, indirectly impacting the nation's financial stability.
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Status: Introduced
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Additional Information
Print number: 119_HR_1388
Sponsor: Rep. Norman, Ralph [R-SC-5]
Process start date: 2025-02-14
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fair-Value Accounting and Budget Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1388.

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 2025-02-14.

What are the main provisions?

Key points include:

  • All new or modified government loan programs will have more precise cost estimates, potentially affecting their design.
  • Annual reports will detail the full costs of credit programs, increasing transparency in public spending.
  • The changes aim for better government budget management, indirectly impacting the nation's financial stability.
What is the specific legal status?

The current status is Introduced.

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. Norman, Ralph [R-SC-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments