NAR Letter to Full Senate Support for Brown Amendment

On March 26, 2015 NAR sent a letter to the full Senate regarding the March 26 Senate budget vote and support for the Brown Amendment. The letter asks Senate support of the Brown amendment which removes Section 412 providing for fair value estimates from S. Con Res 11, the Budget Resolution. Shifting accounting methods for federal loan and guarantee programs to fair value accounting from the Federal Credit Reform Act of 1990 (FCRA) would add phantom costs onto these programs, and have a significant negative impact on the Appropriations process.

Download Letter Here