§ 661. — Purposes.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 2USC661]
TITLE 2--THE CONGRESS
CHAPTER 17A--CONGRESSIONAL BUDGET AND FISCAL OPERATIONS
SUBCHAPTER III--CREDIT REFORM
Sec. 661. Purposes
The purposes of this subchapter are to--
(1) measure more accurately the costs of Federal credit
programs;
(2) place the cost of credit programs on a budgetary basis
equivalent to other Federal spending;
(3) encourage the delivery of benefits in the form most
appropriate to the needs of beneficiaries; and
(4) improve the allocation of resources among credit programs
and between credit and other spending programs.
(Pub. L. 93-344, title V, Sec. 501, as added Pub. L. 101-508, title
XIII, Sec. 13201(a), Nov. 5, 1990, 104 Stat. 1388-610.)
Prior Provisions
A prior section 661, Pub. L. 93-344, title VI, Sec. 606, July 12,
1974, 88 Stat. 325, directed that Budget Committees of House and Senate
study, on a continuing basis, any provisions of law which exempt
agencies or programs from inclusion in the budget and make
recommendations from time to time with regard to terminating or
modifying such provisions, prior to repeal by Pub. L. 99-177, title II,
Secs. 223, 275(a)(1), Dec. 12, 1985, 99 Stat. 1060, 1100, effective Dec.
12, 1985, and applicable with respect to fiscal years beginning after
Sept. 30, 1985.
A prior section 501 of Pub. L. 93-344, title V, July 12, 1974, 88
Stat. 321, was classified to section 1020 of former Title 31, prior to
repeal and reenactment as section 1102 of Title 31, Money and Finance,
by Pub. L. 97-258, Sec. 5(b), Sept. 13, 1982, 96 Stat. 1068, the first
section of which enacted Title 31.
Short Title
For short title of title V of Pub. L. 93-344, which enacted this
subchapter, as the ``Federal Credit Reform Act of 1990'', see section
500 of Pub. L. 93-344, set out as a note under section 621 of this
title.
