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 su…
The bill requires the Congressional Budget Office (CBO) to produce fair-value estimates for any legislation that creates or modifies loan or loan guarantee programs, and to include those estimates in the Budget and Economic Outlook baseline when practicable. It directs budget committee chairs to use CBO fair-value estimates for budget enforcement, requires annual OMB reports on fair-value estimates timed to the President’s budget submission, and adopts the Government Accounting Standards Board's February 2015 definition of fair value for this purpose.
Liberals worry fair-value will constrain social loan programs
Narrow procedural change that could attract support in a fiscally-focused chamber, but may face opposition from program supporters.
The bill requires the Congressional Budget Office (CBO) to produce fair-value estimates for any legislation that creates or modifies loan or loan guarantee programs, and to include those estimates in the Budget and Economic Outlook baseline when practicable.
It directs budget committee chairs to use CBO fair-value estimates for budget enforcement, requires annual OMB reports on fair-value estimates timed to the President’s budget submission, and adopts the Government Accounting Standards Board's February 2015 definition of fair value for this purpose.
Technically narrow but politically consequential for scoring; plausible House support but substantial Senate and consensus barriers.
How solid the drafting looks.
Liberals worry fair-value will constrain social loan programs
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals worry fair-value will constrain social loan programs
Likely divided: supportive of more transparent, realistic accounting but wary that higher reported costs will constrain public loan programs.
Concern centers on whether fair-value scoring will be used to block progressive credit initiatives like affordable housing, student or green financing.
Generally favorable toward improved and standardized budget scoring, with pragmatic concerns about methodology and implementation.
Will support accuracy and enforceability but want clear rules preventing gaming and avoiding undue program disruption.
Supportive: sees fair-value scoring as a way to reveal true taxpayer costs and limit federal credit expansions.
Likely to view it as a tool for fiscal restraint and preventing off-budget subsidy practices.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically narrow but politically consequential for scoring; plausible House support but substantial Senate and consensus barriers.
The bill has not accumulated any surfaced votes yet.
Liberals worry fair-value will constrain social loan programs
Technically narrow but politically consequential for scoring; plausible House support but substantial Senate and consensus barriers.
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