The Taxpayer Exposure Mitigation Act aims to reduce the financial risk exposure of taxpayers by enhancing oversight and transparency for federal loan programs. The bill focuses on improving the monitoring and evaluation of loans to minimize default risks, strengthen reporting requirements, and enhance accountability in managing taxpayer funds. It also seeks to increase efficiency in loan program operations and ensure that taxpayer dollars are used responsibly. The act proposes measures to mitigate potential losses, safeguard public resources, and promote fiscal responsibility within federal lending programs.
2023-03-01: Introduced in House
2023-03-01: Referred to the House Committee on Financial Services.
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