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H.R. 5988: Cost Recovery and Fair Value for Services Act of 2010

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H.R. 5988: Cost Recovery and Fair Value for Services Act of 2010

111th Congress · introduced 2010-07-30 · Government Operations and Politics · Latest: Referred to the House Committee on Oversight and Government Reform.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2010-07-30 · official record
  2. Who proposed it: Rep. Richardson, Laura [D-CA-37] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Oversight and Government Reform. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Cost Recovery and Fair Value for Services Act of 2010

Plain summary

Cost Recovery and Fair Value for Services Act of 2010 - Requires each federal agency's chief financial officer, by October 1 of each odd-numbered year, to report to the Director of the Office of Management and Budget (OMB) on that officer's biennial review of agency charges for services and things of value that it provides and recommendations on revising those charges to reflect its costs in doing so. Requires such report to include: (1) with regard to such recommendations, an evaluation of whether each user is paying an equitable amount and of the user's ability to pay, the extent to which use of such program provides a public benefit, and the extent to which the program the fee is funding benefits the public and identifiable users; (2) the amount of the fee sufficient to cover the full cost of the service or thing of value; (3) whether the agency has timely and reliable cost data to determine such amount; (4) the extent to which the fee will fully or partially recover costs; (5) whether the fee structure should include exemptions or reduced fees; (6) whether the fee should be set as a percentage or as a fixed dollar amount; (7) how the fee will be structured to cover the intended share of the cost over time; and (8) whether fee collections are projected to change over time in relation to the cost of the service or thing of value. Requires the OMB Director, by December 1 of each such year, to compile and transmit such reports to specified congressional committees and to identify any recommendations with which the Director does not agree.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Cost Recovery and Fair Value for Services Act of 2010

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Richardson, Laura [D-CA-37] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Exemption
A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong111-hr5988 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111