§ 661e. — Treatment of Deposit Insurance and agencies and other insurance programs.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 2USC661e]
TITLE 2--THE CONGRESS
CHAPTER 17A--CONGRESSIONAL BUDGET AND FISCAL OPERATIONS
SUBCHAPTER III--CREDIT REFORM
Sec. 661e. Treatment of deposit insurance and agencies and other
insurance programs
(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) of this section, 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, Sec. 506, as added Pub. L. 101-508, title
XIII, Sec. 13201(a), Nov. 5, 1990, 104 Stat. 1388-614; amended Pub. L.
105-33, title X, Sec. 10117(d), Aug. 5, 1997, 111 Stat. 695.)
Prior 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) of this section'' for ``paragraph (2)'' in subsec. (c).
