Sec. 3105. Fair-value credit estimates
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Upon the request of the Chairman of the Committee on the Budget of the Senate or the Chairman of the Committee on the Budget of the House of Representatives, any estimate prepared by the Congressional Budget Office under title V of the Congressional Budget Act of 1974 ( 2 U.S.C. 661 et seq. ) of the cost of a measure shall include, when practicable, an additional estimate of the cost, measured on a fair-value basis— in the Senate, for any bill, joint resolution, amendment, amendment between the Houses, conference report, or motion; and in the House of Representatives, for any bill or joint resolution, or amendment thereto or conference report thereon.
Any estimate prepared by the Congressional Budget Office under title V of the Congressional Budget Act of 1974 ( 2 U.S.C. 661 et seq. ) of the cost of a provision in a measure relating to a housing, residential mortgage, or student loan program shall include an additional estimate of the cost, measured on a fair-value basis— in the Senate, for any bill, joint resolution, amendment, amendment between the Houses, conference report, or motion; and in the House of Representatives, for any bill or joint resolution, or amendment thereto or conference report thereon.
If the Director of the Congressional Budget Office provides an estimate pursuant to subsection
(a)or (b), the Chairman of the Committee on the Budget of the House of Representatives may use such estimate to determine compliance with the Congressional Budget Act of 1974 ( 2 U.S.C. 621 et seq. ) and other budgetary enforcement controls.
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