Download or read book Federal Credit Reform written by United States. Congress. House. Committee on the Budget. Task Force on Urgent Fiscal Issues and published by . This book was released on 1990 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Reform written by Christine E. Bonham and published by DIANE Publishing. This book was released on 2000 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Credit Reform Act of 1990 was enacted to require that the budget reflect a more accurate measurement of the government's subsidy costs for federal direct loans & loan guarantees & to permit better cost comparisons both among credit programs & between credit & non-credit programs. This report determines: whether agencies completed estimates & re-estimates of subsidy costs; whether one could readily discern any trends including improvements in subsidy estimates; & whether one could readily identify the causes for changes in subsidy estimates. Charts & tables.

Download or read book Federal Credit Programs written by United States. General Accounting Office and published by . This book was released on 1993 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Reform written by and published by . This book was released on 1989 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Reform written by Dan Blair and published by DIANE Publishing. This book was released on 1999-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: To gain an understanding of the key issues impeding reasonable estimates of subsidy costs of credit programs for the five key credit agencies: the Small Business Administration & the Depts. of Education, Housing & Urban Development, Veterans Affairs, & Agriculture, this report reviews these agencies' abilities to reasonably estimate the cost of their loan programs, including whether they used practices identified by the Credit Reform Task Force as being effecting in making these estimates. Also reviews the status of agencies' efforts to ensure that computer systems used to estimate the cost of credit programs are Y2K compliant.

Download or read book Credit Reform written by United States. General Accounting Office and published by . This book was released on 1998 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Credit Reform and Borrowing by Off budget Agencies written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1989 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit reform improving Rural Development s credit program cost estimates written by and published by DIANE Publishing. This book was released on 2000 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Credit Reform written by and published by . This book was released on 19?? with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Reform written by United States. General Accounting Office and published by . This book was released on 1994 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Budgetary Treatment of Federal Credit Direct Loans and Loan Guarantees written by James M. Bickley and published by Createspace Independent Pub. This book was released on 2012-08-10 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. government uses federal credit (direct loans and loan guarantees) to allocate financial capital to a range of areas, including home ownership, higher education, small business, agriculture, and energy. At the end of FY2011, outstanding federal credit totaled $2.9 trillion. This report explains the budgetary treatment of federal credit, examines proposed reforms, and describes relevant bills introduced in the 112th Congress. Title V of the Omnibus Budget Reconciliation Act of 1990 (P.L. 101-508), the Federal Credit Reform Act of 1990 or FCRA, changed how the unified budget reports the cost of federal credit activities (i.e., federal direct loans and loan guarantees) to an accrual basis beginning in 1992. Before FY1992, for a given fiscal year, the budgetary cost of a new direct loan or loan guarantee was the net cash flow for that fiscal year. This cash flow measure did not accurately reflect the cost of a loan or loan guarantee, which is its subsidy cost over the entire life of the loan or loan guarantee, that is, its accrual cost. Beginning with FY1992, FCRA required that the reported budgetary cost of a credit program equal the estimated subsidy costs at the time the credit is provided. The FCRA defines the subsidy cost as “the estimated long-term cost to the government of a direct loan or a loan guarantee, calculated on a net present value basis, excluding administrative costs.” This arguably places the cost of federal credit programs on a budgetary basis equivalent to other federal outlays. Because the subsidy costs of discretionary credit programs (such as the business loan programs of the Small Business Administration and the loan guarantee programs of the Export-Import Bank) are now provided through appropriations acts, this change meant that discretionary credit programs must compete with other discretionary programs on an equal basis. In contrast, funding for most mandatory credit programs (generally entitlement programs) is provided by permanent appropriations. The director of the Office of Management and Budget (OMB) is responsible for coordinating the estimation of subsidy costs to the federal government. Since the passage of the FCRA, federal agencies, working with OMB, have steadily improved their compliance with credit reform standards. In October 1990, the Federal Accounting Standards Advisory Board (FASAB) was established. In August 1993, this board required that agencies' accounting procedures be consistent with their budgetary procedures for their federal credit programs. On August 5, 1997, the Balanced Budget Act of 1997 (P.L. 105-33) was enacted, amending the FCRA to make technical changes, including codifying several guidelines set by OMB. Four proposals to expand credit reform have been discussed: the principles of credit reform could be applied to government-sponsored enterprises (GSEs); the principles of credit reform could be extended to federal insurance programs; the budgetary cost of capital for credit programs could be changed to include market risk; and the administrative costs of credit programs could be included in the calculation of the costs of these programs. These proposals are described in this report. In the 112th Congress, four bills have been proposed with provisions concerning the budgetary treatment of federal credit: related bills S. 1651/H.R. 3414 (Honest Budget Act); H.R. 3581 (Budget and Accounting Transparency Act of 2011); and H.R. 3844 (Honest Budget Act of 2012). H.R. 3581 was passed by the House but has not been acted on by the Senate.

Download or read book Credit Reform written by United States. General Accounting Office and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Federal Credit Reform Information on Credit Modifications and Financing Accounts written by United States. General Accounting Office and published by . This book was released on 1993 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Credit Reform written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Download or read book Credit Reform written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-02-16 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: AIMD-00-286R Credit Reform: Improving Rural Development's Credit Program Cost Estimates

Download or read book Credit Reform written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.

Download or read book Consumer Credit Reform written by and published by . This book was released on 1968 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: