Budget and Accounting Transparency Act of 2014
The Budget and Accounting Transparency Act of 2014 (H.R. 1872) is a bill that would modify the budgetary treatment of federal credit programs. The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. The bill would also require the federal budget to reflect the net impact of programs administered by Fannie Mae and Freddie Mac. The changes made by the bill would mean that Fannie Mae and Freddie Mac were counted on the budget instead of considered separately and would mean that the debt of those two programs would be included in the national debt. These programs themselves would not be changed, but how they are accounted for in the United States fed
primaryTopic
Budget and Accounting Transparency Act of 2014
The Budget and Accounting Transparency Act of 2014 (H.R. 1872) is a bill that would modify the budgetary treatment of federal credit programs. The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. The bill would also require the federal budget to reflect the net impact of programs administered by Fannie Mae and Freddie Mac. The changes made by the bill would mean that Fannie Mae and Freddie Mac were counted on the budget instead of considered separately and would mean that the debt of those two programs would be included in the national debt. These programs themselves would not be changed, but how they are accounted for in the United States fed
has abstract
The Budget and Accounting Tran ...... 113th United States Congress.
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Link from a Wikipage to an external page
Wikipage page ID
42,336,856
Wikipage revision ID
739,480,959
acts affected
Congressional Budget Act of 19 ...... udget Act of 1990, and others.
agenciesaffected
Fullname
To amend the Balanced Budget a ...... eting, and for other purposes.
introduced in the
introduceddate
2013-05-08
introducedin
name
Budget and Accounting Transparency Act of 2014
number of co-sponsors
sections affected
hypernym
type
comment
The Budget and Accounting Tran ...... d for in the United States fed
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label
Budget and Accounting Transparency Act of 2014
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