Credit Reform: Transparency Needed for Evaluation of Potential Federal Involvement in Projects Seeking Loans, Report to the Chairman, Committee on the Budget, House of Representatives [open pdf - 3MB]
From the Highlights: "FCRA [Federal Credit Reform Act of 1990] was enacted to improve the accuracy of the cost of federal credit programs reported in the federal budget, among other things. It requires agencies to measure the government's cost of federal credit programs over the length of a loan. This facilitates better cost comparisons between credit and noncredit programs. FCRA applies only to loans and loan guarantees made to non-federal borrowers. GAO [Government Accountability Office] was asked to review how the non-federal borrower concept is applied in practice. This report examines (1) OMB's [Office of Management and Budget] policies for evaluating whether federal loan programs would potentially fund a federal borrower or federal activities; and (2) processes that selected agencies--EPA [Environmental Protection Agency] and the U.S. Departments of Agriculture and Transportation--use to screen loan applications for potential federal activities."
Government Accountability Office: https://www.gao.gov/