The Federal Credit Reform Act of 1990 was enacted to accomplish four objectives:
measure more accurately the costs of Federal credit
place the cost of credit programs on a budgetary
basis equivalent to other Federal spending;
encourage the delivery of benefits in the form most
appropriate to the needs of beneficiaries; and
improve the allocation of resources among credit programs and between credit and other spending programs.
Standard USSGL Transactions
Credit Reform Case Studies The case studies illustrate accounting for direct and guaranteed loans at the net present value of their cash flows for transactions occurring after 1991. A case study is also available for loans prior to 1992 using the cash basis of accounting.
Issue Papers The issue papers provide a review of individual credit issues that require modification. Issue papers are not authoritative guidance. They are discussed and endorsed by the AAPC Credit Reform Task Force.