U.S. Code » Title 2 » Chapter CHAPTER 17A— CONGRESSIONAL BUDGET AND FISCAL OPERATIONS › Subchapter SUBCHAPTER III— CREDIT REFORM

2 U.S.C. § 661e

Treatment of deposit insurance and agencies and other insurance programs

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(a) In general

This subchapter shall not apply to the credit or insurance activities of the Federal Deposit Insurance Corporation, National Credit Union Administration, Resolution Trust Corporation, Pension Benefit Guaranty Corporation, National Flood Insurance, National Insurance Development Fund, Crop Insurance, or Tennessee Valley Authority.

(b) Study

The Director and the Director of the Congressional Budget Office shall each study whether the accounting for Federal deposit insurance programs should be on a cash basis on the same basis as loan guarantees, or on a different basis. Each Director shall report findings and recommendations to the President and the Congress on or before May 31, 1991.

(c) Access to data

For the purposes of subsection (b), the Office of Management and Budget and the Congressional Budget Office shall have access to all agency data that may facilitate these studies.

(Pub. L. 93–344, title V, § 506, as added Pub. L. 101–508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388–614; amended Pub. L. 105–33, title X, § 10117(d), Aug. 5, 1997, 111 Stat. 695.)Editorial NotesPrior Provisions

A prior section 506 of Pub. L. 93–344, title V, July 12, 1974, 88 Stat. 322, amended section 105 of Title 1, General Provisions, and enacted provisions set out as a note under section 105 of Title 1, prior to the general revision of title V of Pub. L. 93–344 by Pub. L. 101–508.

Amendments

1997—Pub. L. 105–33 struck out subsec. (a) designation and heading, redesignated pars. (1) to (3) of former subsec. (a) as subsecs. (a) to (c), respectively, inserted subsec. headings, and substituted “subsection (b)” for “paragraph (2)” in subsec. (c).

Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2024–2024 · leading case: Applicability of the Fed. Credit Reform Act to Political Risk Ins. of Debt Issued by the United States Int'l Dev. Fin. Corp. (OLC 2024).
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Applicability of the Fed. Credit Reform Act to Political Risk Ins. of Debt Issued by the United States Int'l Dev. Fin. Corp. (OLC 2024). · cites it 2× “, 2 U.S.C. § 661e(a); 12 U.S.C. § 1715z–23(w)(1), OMB is not aware of any laws that it or GAO has found to impliedly carve out a program from all of FCRA’s requirements, see OMB Responses at 4–5.”
— 2 U.S.C. § 661e(a) — 1 case
Applicability of the Fed. Credit Reform Act to Political Risk Ins. of Debt Issued by the United States Int'l Dev. Fin. Corp. (OLC 2024). “, 2 U.S.C. § 661e(a); 12 U.S.C. § 1715z–23(w)(1), OMB is not aware of any laws that it or GAO has found to impliedly carve out a program from all of FCRA’s requirements, see OMB Responses at 4–5.”
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