NAR Statement mitted to the Joint Economiic Committee Regarding Federal Credit Programs
Issue Date: June 15, 2015
114th Congress
House Joint Economic Committee
Senate Joint Economic Committee
On June 15, 2015 NAR submitted a statement to the Joint Economic Committee for their hearing titled "The Economic Exposure of Federal Credit Programs." NAR strongly opposes moving federal credit programs to a fair value accounting model. Adding costs to the federal budget that do not actually occur will distort the true costs of these programs and will distort the budget as a whole.