A bill to amend the Federal Financing Bank Act of 1973 to require that programs financed through the Federal Financing Bank be included in the Federal budget, to require that certain types of obligations be offered for sale to the Bank, and for other purposes.
Honest Budgeting Act of 1983 - Amends the Federal Financing Bank Act of 1973 to require all transactions of the Federal Financing Bank to be reflected in the unified budget of the United States government.
Treats amounts of loans guaranteed by a Federal agency and financed by the Bank as outlays of such agency.
Treats amounts disbursed by the Bank for the purchase of loans guaranteed, loan assets sold, and debt obligations issued by a Federal agency as a means of financing that agency.
Prohibits a Federal agency from issuing, selling, or guaranteeing any investment security obligations of a type formerly financed through the Bank unless such an obligation is offered for sale to the Bank.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking. Hearings held.
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