New program to monitor loans

The Bush administration's fiscal 2007 budget proposal calls for a new President’s Management Agenda initiative that would improve and monitor credit program management. Federal agencies have more than $1.3 trillion in outstanding direct loans.

According to the proposal, five federal agencies – the Agriculture, Education, Housing and Urban Development, and Veterans Affairs departments and the Small Business Administration – will be part of a new initiative designed to manage risk.

Agencies receive scores based on their performance in loan origination, servicing and portfolio monitoring, and liquidation and debt collection.

A credit council comprised of the Office of Management and Budget and agency representatives will monitor the initiative.

“The council will identify agency and private-sector best practices that can be implemented across the major credit agencies, leading to higher program and management efficiencies, budgetary savings and improved PART scores,” the budget proposal states.


  • Telecommunications
    Stock photo ID: 658810513 By asharkyu

    GSA extends EIS deadline to 2023

    Agencies are getting up to three more years on existing telecom contracts before having to shift to the $50 billion Enterprise Infrastructure Solutions vehicle.

  • Workforce
    Shutterstock image ID: 569172169 By Zenzen

    OMB looks to retrain feds to fill cyber needs

    The federal government is taking steps to fill high-demand, skills-gap positions in tech by retraining employees already working within agencies without a cyber or IT background.

  • Acquisition
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA to consolidate multiple award schedules

    The General Services Administration plans to consolidate dozens of its buying schedules across product areas including IT and services to reduce duplication.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.