Budget and Accounting Transparency Act of 2012
Sponsor: Scott Garrett (R-NJ)
Budget and Accounting Transparency Act of 2012 - Title I: Fair Value Estimates - (Sec. 101) Amends the Federal Credit Reform Act of 1990 (FCRA) (title V of the Congressional Budget Act of 1974 [CBA]) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis). Requires the President's budget from FY1992 on to reflect the Treasury discounting component of direct loan and loan guarantee programs. Defines the "Treasury discounting component" as the estimated long-term cost to the federal government of a direct loan or loan guarantee (or modification) calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays.
Economics and Public Finance Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.9% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Nay | Won | 231 | 52.9% |
| Yea | Lost | 182 | 42.2% |
| Not represented on this question | No position taken | 0 | 4.9% |