Madam Chair, yesterday I voted in support of H.R. 3581, the ``Budget and Accounting Transparency Act of 2011,'' which passed through the House of Representatives by a vote of 245-180 and now awaits further consideration in the Senate. H.R. 3581 is a quality piece of legislation which requires the Federal Government to revise its policy of accounting for direct loans and loan guarantees by scoring these loans utilizing the market-based fair value method.
As further consideration is given to this bill, I urge my fellow colleagues to ensure that programs, such as the United States Department of Agriculture's Rural Utility Service loans, are not adversely affected by the legislation.
Title IV of Senate Resolution 4, agreed to by the Senate on February 4, 1977, calls for establishment of a system for a computerized schedule of all meetings and hearings of Senate committees, subcommittees, joint committees, and committees of conference. This title requires all such committees to notify the Office of the Senate Daily Digest--designated by the Rules Committee--of the time, place, and purpose of the meetings, when scheduled, and any cancellations or changes in the meetings as they occur.
As an additional procedure along with the computerization of this information, the Office of the Senate Daily Digest will prepare this information for printing in the Extensions of Remarks section of the Congressional Record on Monday and Wednesday of each week.
Meetings scheduled for Thursday, February 9, 2012 may be found in the Daily Digest of today's Record.
Armed Services To hold hearings to examine the Defense Authorization request for fiscal year 2013 and the Future Years Defense Program.
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