About: Budget and Accounting Transparency Act of 2014

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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

Attributes	Values
rdf:type	person
rdfs:label	Budget and Accounting Transparency Act of 2014 (en)
rdfs:comment	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 (en)
name	Budget and Accounting Transparency Act of 2014 (en)
dcterms:subject	Proposed legislation of the 113th United States Congress
Wikipage page ID	42336856 (xsd:integer)
Wikipage revision ID	1104073338 (xsd:integer)
Link from a Wikipage to another Wikipage	President of the United States Pro-Growth Budgeting Act of 2013 (H.R. 1874; 113th Congress) Scott Garrett List of bills in the 113th United States Congress Baseline Reform Act of 2013 (H.R. 1871; 113th Congress) Ben Bernanke Appropriations bill (United States) Paul Ryan Pension Benefit Guaranty Corporation United States Department of the Treasury United States House Committee on the Budget United States House of Representatives United States Senate United States housing market correction 113th United States Congress Congressional Budget Office Congressional Research Service Freddie Mac Government Accountability Office Mortgage-backed security Conservatorship Commodity Credit Corporation Federal Financing Bank Federal Housing Enterprises Financial Safety and Soundness Act of 1992 Federal Reserve Bank Public domain Center on Budget and Policy Priorities United States House Committee on Oversight and Government Reform Fannie Mae Federal Crop Insurance Corporation Federal Deposit Insurance Corporation Federal Housing Finance Agency Financial Accounting Standards Board Government-sponsored enterprise United States federal budget dbr:Richard_Kogan_(commentator) Henry Paulson James B. Lockhart III Tennessee Valley Authority The Heritage Foundation Federal Home Loan Mortgage Corporation Federal National Mortgage Association Proposed legislation of the 113th United States Congress Subprime mortgage crisis Authorization bill Executive Office of the President of the United States National Credit Union Administration Office of Management and Budget Balanced Budget and Emergency Deficit Control Act of 1985 PAYGO Congressional Budget Act of 1974 Unfunded Mandates Reform Act U.S. Treasury dbr:Federal_Credit_Reform_Act_of_1990 dbr:Congressional_Budget_Act_of_1990 dbr:Federal_Financing_Bank_Act_of_1973 dbr:Romina_Boccia
Link from a Wikipage to an external page	https://archive.today/20140328192134/http:/www.washingtonwatch.com/bills/show/113_HR_1872.html http://hdl.loc.gov/loc.uscongress/legislation.113hr1872 http://webarchive.loc.gov/all/20141106014135/http:/beta.congress.gov/113/crpt/hrpt381/CRPT-113hrpt381-pt1.pdf https://web.archive.org/web/20160204202740/https:/www.opencongress.org/bill/hr1872-113/show https://www.govtrack.us/congress/bills/113/hr1872 http://beta.congress.gov/bill/113th-congress/house-bill/1872
sameAs	Budget and Accounting Transparency Act of 2014 Budget and Accounting Transparency Act of 2014 Budget and Accounting Transparency Act of 2014
sponsored by	Scott Garrett
dbp:wikiPageUsesTemplate	dbt:Infobox_United_States_federal_proposed_legislation dbt:Main dbt:Reflist dbt:USBill dbt:USC dbt:Wikisource dbt:US_government_sources dbt:Usc-title-chap
introducedby	Scott Garrett
introduceddate	2013-05-08 (xsd:date)
introducedin	House (en)
committees	United States House Committee on the Budget United States House Committee on Oversight and Government Reform
fullname	To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to increase transparency in Federal budgeting, and for other purposes. (en)
has abstract	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 federal budget would be. The goal of the bill is to improve the accuracy of how some programs are accounted for in the federal budget. The bill was introduced into the United States House of Representatives during the 113th United States Congress. (en)
acts affected	Congressional Budget Act of 1974, Federal Housing Enterprises Financial Safety and Soundness Act of 1992, Balanced Budget and Emergency Deficit Control Act of 1985, Federal Financing Bank Act of 1973, Congressional Budget Act of 1990, and others. (en)
agenciesaffected	Pension Benefit Guaranty Corporation United States Department of the Treasury United States House of Representatives United States Senate Congressional Budget Office Freddie Mac Government Accountability Office Commodity Credit Corporation Federal Financing Bank Fannie Mae

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