To make technical changes clarifying section 502 of the Federal Credit Reform Act of 1990.
HR 8066 amends the definition of "direct loan" under the Federal Credit Reform Act of 1990 to clarify which loans count for federal budgeting purposes. It adds that "direct loans" include short-term deferred payment loans (90 days or fewer) made by non-government lenders, beyond just Commodity Credit Corporation price support loans. This technical change ensures consistent application of the Act when agencies report loans for budgetary calculations. It directly affects federal agencies managing loan programs under the Act but does not create new policy or alter existing benefits.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2022
Committee Review
Floor Vote
President
Introduced Jun 14, 2022
Last action Jun 14, 2022
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 14, 2022
Committee
Referred to the House Committee on the Budget.
lower
Jun 14, 2022
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John A. Yarmuth
DDemocratic
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