House bill · 119th Congress · Latest step: Introduced
Fair-Value Accounting and Budget Act
Official title: To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.
Sponsor: Rep. Ralph Norman R-SCWhere it went
- IntroducedFeb 14, 2025
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Feb 14, 2025 — Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Cost and committee reports
Official records Congress.gov attaches to H.R. 1388.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. NORMAN, as printed in the Congressional Record (Vol. 171, No. 31, February 14, 2025, Page H715):To ammend the Congressional Budget and Impoundment Control Act of 1974 to provide for fair-value credit estimates, and for other purposes.Source: Congress.gov, Congressional Record February 14, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 138 characters
- Congress.gov bill record
- H.R. 1388, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/1388
- Record last updated by Congress.gov
- September 8, 2026
- PORKER copy retrieved
- September 11, 2026
- Stored copy, SHA-256 of the file
3e7a05e3581393598c9eafd76d2af58d8e4545b448371c335deb4aa90877a169
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 8, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 1388, last updated September 8, 2026. PORKER’s copy was retrieved September 11, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
4 cosponsors — 4 Republicans
0 of 4 cosponsors (0%) are from the other party.
Chuck Edwards (R-NC), Glenn Grothman (R-WI), Keith Self (R-TX), Randy Weber (R-TX).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Ralph Norman.
- H.R. 3377 (119th) To authorize the President to award the Medal of Honor to James Capers, Jr., for acts of valor as a member of the Marine Corps during the…
- H.R. 4463 (119th) To amend the Catawba Indian Tribe of South Carolina Land Claims Settlement Act of 1993.
- H.R. 6536 (119th) Rural Depositories Revitalization Study Act
- H.J.Res. 12 (119th) Proposing an amendment to the Constitution of the United States to limit the number of terms that a Member of Congress may serve.
- H.Res. 888 (119th) Censuring and condemning Delegate Stacey Plaskett and removing her from the House Permanent Select Committee on Intelligence for conduct…
- H.J.Res. 128 (119th) Proposing an amendment to the Constitution of the United States to prohibit Members of Congress from receiving compensation for any period…
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.