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H.R.1872: Budget and Accounting Transparency Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about economics and public finance
You can read the bill
Sponsor Scott Garrett, R-N.J.
Total Cosponsors 7 (All Republicans)
Introduced May 8, 2013
Latest Major Action April 8, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was reported to the House on March 18, 2014. The summary of that version is repeated here.)

Budget and Accounting Transparency Act of 2014 - Title I: Fair Value Estimates - (Sec. 101) Amends the Federal Credit Reform Act of 1990 (FCRA) (title V of the Congressional Budget Act of 1974 [CBA]) to:

  • rename the FCRA the Fair Value Accounting Act of 2014 (FVAA of 2014); and
  • revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis).

Requires the President's budget from FY2017 on to reflect the costs of direct loan and loan guarantee programs.

Requires the budget to also include:

  • the planned level of new direct loan obligations or loan guarantee commitments associated with each appropriations request; and
  • for each of FY2017-FY2021, on an agency-by-agency basis, subsid...

    (Source: Congressional Research Service)

Bill Actions

Date Description
April 8, 2014 Received in the Senate and Read twice and referred to the Committee on the Budget.
April 7, 2014 Motion to reconsider laid on the table Agreed to without objection.
April 7, 2014

On passage Passed by recorded vote: 230 - 165 (Roll no. 166). (text: CR H2965-2968)

April 7, 2014

On motion to recommit with instructions Failed by the Yeas and Nays: 179 - 217 (Roll no. 165).

April 7, 2014 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2985)
April 7, 2014 Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Delauro motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to prohibit the underlying legislation from taking effect until the female-to-male earnings ratio of full time, year-round workers is at least 100% as determined by the Census Bureau and women receive equal pay for equal work. Additionally, it would ensure that the underlying legislation cannot increase the cost of any loan for a small business, student, veterans housing or any agricultural purpose.
April 7, 2014 Ms. DeLauro moved to recommit with instructions to the Committee on the Budget. (consideration: CR H2983-2985; text: CR H2983)
April 7, 2014 Considered as unfinished business. (consideration: CR H2983-2986)
April 7, 2014 POSTPONED PROCEEDINGS - The Chair announced that pursuant to clause 1(c) of rule 19, further proceedings on H.R. 1872 would be postponed.
April 7, 2014 The previous question was ordered pursuant to the rule. (consideration: CR H2973)
April 7, 2014 The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
April 7, 2014 Considered under the provisions of rule H. Res. 539. (consideration: CR H2965-2973)
April 4, 2014 Rule H. Res. 539 passed House.
April 3, 2014 Rules Committee Resolution H. Res. 539 Reported to House. The resolution provides for consideration of H.R. 1874, H.R. 1871, and H.R. 1872. The resolution provides for 1 hour of general debate for each bill. Specified amendments printed in Part B of House Report 113-400 are in order for H.R. 1874. The resolution allows for one motion to recommit with instructions for each bill.
March 18, 2014 Placed on the Union Calendar, Calendar No. 284.
March 18, 2014 Committee on Oversight and Government discharged.
March 18, 2014 Reported (Amended) by the Committee on Budget. H. Rept. 113-381, Part I.
Feb. 11, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 17 - 8.
Feb. 11, 2014 Committee Consideration and Mark-up Session Held.
May 8, 2013 Referred to House Oversight and Government Reform
May 8, 2013 Referred to House Budget