Budget and Accounting Transparency Act of 2014
Sponsor: Scott Garrett (R-NJ)
Budget and Accounting Transparency Act of 2014 - 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: rename the FCRA the Fair Value Accounting Act of 2014 (FVAA of 2014); and 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 FY2017 on to reflect the costs of direct loan and loan guarantee programs. Requires the budget to also include: the planned level of new direct loan obligations or loan guarantee commitments associated with each appropriations request; and for each of FY2017-FY2021, on an agency-by-agency basis, subsidy estimates and costs of direct loan and loan guarantee programs with and without the risk component.
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 9.1% 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 | 217 | 49.8% |
| Yea | Lost | 179 | 41.1% |
| Not represented on this question | No position taken | 0 | 9.1% |