HR 1388
Fair-Value Accounting and Budget Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:30 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Fair-Value Accounting and Budget Act, requires the Congressional Budget Office (CBO) to include fair-value estimates when analyzing new or modified loan and loan guarantee programs. Fair value is defined as the price an asset would fetch in a market transaction, often using private-market interest rates rather than Treasury rates. The bill mandates that these estimates be published in the CBO’s annual budget outlook and requires the Office of Management and Budget to submit an annual report on the costs of these programs to Congress.
Sponsors
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Primary sponsor
Cosponsors
Randy K. Sr. Weber
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