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HR 3785 117th Congress House Economics and Public Finance Congressional oversight Government lending and loan guarantees

Fair-Value Accounting and Budget Act

Introduced: June 8, 2021 Introduced by: Norman, Ralph Republican · South Carolina See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2021
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.
Jun 8, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Fair-Value Accounting and Budget Act

This bill requires the Congressional Budget Office to provide certain fair-value estimates of federal loan and loan guarantee programs. Under the bill, the fair value 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.

What's happening now June 8, 2021

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.

 Related & companion bills 1
  • HR 3727 Identical bill Fair-Value Accounting and Budget Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Case, Ed
Hawaii · Sep 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3785: Fair-Value Accounting and Budget Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3785/
MLA
"H.R. 3785: Fair-Value Accounting and Budget Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3785/.
Bluebook (legal)
H.R. 3785, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3785/.
Markdown link
[H.R. 3785: Fair-Value Accounting and Budget Act](https://openamerica.io/bill/117-HR-3785/)
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