H.R.119: Budget and Accounting Transparency Act of 2015

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Bill Summary

Budget and Accounting Transparency Act of 2015 This bill amends the Congressional Budget Act of 1974 to revise the budgetary treatment of federal loans and loan guarantees to account for them on a fair value basis. Under a fair value approach, costs are measured using market rates rather than the lower Treasury interest rates currently used. Estimates for loan guarantees and direct loans in the President's budget are required to include a...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.119.

Bill Actions

Date Description
Jan. 6, 2015
Referred to House Oversight and Government Reform
Jan. 6, 2015
Referred to House Budget
Jan. 6, 2015

Introduced in the House by Scott Garrett (R-N.J.)

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