H. Con. Res. 71 (115th Congress)

Concurrent Resolution on the Budget
for Fiscal Year 2018

Section 5106

TITLE V—BUDGET PROCESS IN THE HOUSE OF REPRESENTATIVES
Subtitle A—Budget Enforcement
SEC. 5106. FAIR-VALUE CREDIT ESTIMATES.

(a) All Credit Programs.—Whenever the Director of the Congressional Budget Office provides an estimate of any measure that establishes or modifies any program providing loans or loan guarantees, the Director shall also, to the extent practicable, provide a fair-value estimate of such loan or loan guarantee program if requested by the chair of the Committee on the Budget of the House of Representatives.

(b) Student Financial Assistance and Housing Programs.—The Director of the Congressional Budget Office shall provide, to the extent practicable, a fair-value estimate as part of any estimate for any measure that establishes or modifies a loan or loan guarantee program for student financial assistance or housing (including residential mortgage).

(c) Baseline Estimates.—The Congressional Budget Office shall include estimates, on a fair-value and credit reform basis, of loan and loan guarantee programs for student financial assistance, housing (including residential mortgage), and such other major loan and loan guarantee programs, as practicable, in its The Budget and Economic Outlook: 2018 to 2027.

(d) Enforcement in the House of Representatives.—If the Director of the Congressional Budget Office provides an estimate pursuant to subsection (a) or (b), the chair of the Committee on the Budget of the House of Representatives may use such estimate to determine compliance with the Congressional Budget Act of 1974 and other budget enforcement requirements.


Counsel Notes
H. Con. Res. 71, as Passed by the House

This section was included as section 306 of H. Con. Res. 71 (115th Congress), as it was adopted by the House of Representatives.

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H. Con. Res. 71 (Final)

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[BCR  § 010.43]