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   &lt;pre&gt;[Congressional Record Volume 167, Number 97 (Friday, June 4, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. NORMAN:H.R. 3727.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H2693]&lt;/pre&gt;
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     Fair-Value Accounting and Budget Act
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     &lt;p&gt;&lt;strong&gt;Fair-Value Accounting and Budget Act&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Congressional Budget Office to provide certain fair-value estimates of federal loan and loan guarantee programs. Under the bill, the &lt;em&gt;fair value &lt;/em&gt;is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair-value estimates generally use private-market interest rates to estimate the cost of a loan program rather than rates based on Treasury securities.&lt;/p&gt;
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     To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.
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    Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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H11100
2021-06-04
Rules Committee
hsru00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-06-04
Budget Committee
hsbu00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
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2021-06-04
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IntroReferral
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2021-06-04
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2021-06-04T13:31:45Z
Referred to
House
Rules Committee
hsru00
Standing
2021-06-04T13:31:40Z
Referred to
House
Budget Committee
hsbu00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-06-04
2021-06-04
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House
Economics and Public Finance
2021-06-08
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
CRS
Identical bill
Fair-Value Accounting and Budget Act
HR
N000190
5
Ralph
Rep. Norman, Ralph [R-SC-5]
N
Norman
R
SC
2021-06-04
Introduced in House
 <p><strong>Fair-Value Accounting and Budget Act</strong></p> <p>This bill requires the Congressional Budget Office to provide certain fair-value estimates of federal loan and loan guarantee programs. Under the bill, the <em>fair value </em>is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair-value estimates generally use private-market interest rates to estimate the cost of a loan program rather than rates based on Treasury securities.</p>
2022-03-16T17:06:02Z
00
2021-06-04T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3727ih/xml/BILLS-117hr3727ih.xml
Fair-Value Accounting and Budget Act
Fair-Value Accounting and Budget Act
Display Title
IH
Introduced in House
To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Fair-Value Accounting and Budget Act
Short Title(s) as Introduced
HR
2023-03-08T19:58:55Z
2023-03-08T19:58:55Z
3.0.0
2021-06-08
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
CRS
Identical bill
Fair-Value Accounting and Budget Act
HR
H11100
2021-06-04
Rules Committee
hsru00
2
House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-06-04
Budget Committee
hsbu00
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House floor actions
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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2021-06-04
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2021-06-04
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N000190
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Ralph
Rep. Norman, Ralph [R-SC-5]
N
Norman
R
SC
2021-06-04
Introduced in House
 <p><strong>Fair-Value Accounting and Budget Act</strong></p> <p>This bill requires the Congressional Budget Office to provide certain fair-value estimates of federal loan and loan guarantee programs. Under the bill, the <em>fair value </em>is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair-value estimates generally use private-market interest rates to estimate the cost of a loan program rather than rates based on Treasury securities.</p>
2022-03-16T17:06:02Z
00
Fair-Value Accounting and Budget Act
Fair-Value Accounting and Budget Act
Display Title
IH
Introduced in House
To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Fair-Value Accounting and Budget Act
Short Title(s) as Introduced
2021-06-04
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.