H. R. 1388 aims to amend the Congressional Budget and Impoundment Control Act of 1974 to enhance the way federal loan and loan guarantee programs are estimated financially. This bill requires the Congressional Budget Office to prepare and use fair-value estimates for these...
Simple Explanation
H. R. 1388 is a plan to make sure the government has a good way to check how much its loans really cost, using fair numbers, so everyone can understand what it spends and why.