H.R. 1388: Fair-Value Accounting and Budget Act

H.R. 1388 is a federal bill in the 119th Congress. Currently, the Congressional Budget Office (CBO) estimates the cost of federal loan and loan guarantee programs using interest rates based on Treasury securities. This bill changes that by requiring the CBO to use "fair-value" estimates, which are based on… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.