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- Blog Post
Today CBO released a letter that contains an estimate of the change in federal costs, adjusted for the cost of market risk, that might result from enactment of the Presidents proposal to prohibit new federal guarantees of student loans and to replace those guarantees with direct loans made by the Department of Education.
- Blog Post
YesterdayCBO released a brief that analyzes intergovernmental issues in the context of The Unfunded Mandates Reform Act of 1995 (UMRA). UMRA focuses attention on federal requirements imposed on state, local, and tribal governments and the private sector that are not conditions for receiving federal aid. The law specifies which types of requirements should or should not be considered mandates, establishes procedures that govern Congressional consideration of such mandates, and directs CBO to estimate the costs of mandates.
- Blog Post
Today CBO delivered a letter to Representative Paul Ryan that responded to his request for an analysis of H.R. 2920, the Statutory Pay-As-You-Go Act of 2009. H.R. 2920 is virtually identical to the proposal recently advanced by the Administration. It would establish a new statutory form of pay-as-you-go (PAYGO) budget enforcementwhich is generally intended to ensure that laws affecting direct (mandatory) spending or revenues are, in total, budget neutral.