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Economic Analysis of the Taxpayer Relief Act of 1997 [i] (July 1998)

handle is hein.congrec/cbo8745 and id is 1 raw text is: July 7, 1998 The Honorable Edward M. Kennedy Ranking Minority Member Committee on Labor and Human Resources United States Senate Washington, DC 20510 Dear Senator: I am writing in response to your letter of June 4, 1998, which requested the views of the Congressional Budget Office (CBO) on the possibility of using auction-based mechanisms to determine the yields that lenders earn on Federal Family Education Loans. The attached analysis addresses the types of auction-based mechanisms that might be studied and tested and the kind of information that a demonstration or pilot project could provide. Consistent with CBO's mandate to provide impartial analysis, the analysis makes no recommendations. If you have questions about the analysis or would like further information, please contact me. Your staff may wish to contact Robin Seiler of CBO's Special Studies Division or Nabeel Alsalam of CBO's Health and Human Resources Division. Sincerely, June E. O'Neill Attachment cc: The Honorable James M. Jeffords Chairman

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