CBA (Contents)

Congressional Budget Act of 1974

Section 506

TITLE V—CREDIT REFORM
SEC. 506. TREATMENT OF DEPOSIT INSURANCE AND AGENCIES AND OTHER INSURANCE PROGRAMS

(a) In General.—This title 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.

 

 

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Counsel Notes
This section is classified to the U.S. Code at 2 U.S.C. 661e.

Legislative History Notes
Public Laws

Pub. L. 101–508, title XIII, §13201(a), Nov. 5, 1990, 104 Stat. 1388–614 (Budget Enforcement Act of 1990) added §506 to Pub. L. 93–344, title V (Congressional Budget Act of 1974).

Pub. L. 105–33, title X, §10117(d), Aug. 5, 1997, 111 Stat. 695 (Budget Enforcement Act of 1990) made technical amendments to §506.

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. That section read  as follows:

technical  amendment

Sec. 506. (a) Section 105 of title 1, United States Code, is amended by striking out “June 30” and inserting in lieu thereof “September 30”.

(b) The provisions of subsection (a) of this section shall be effective with respect to Acts making appropriations for the support of the Government for any fiscal year commencing on or after October 1, 1976.

Amendments
1997

The Budget Enforcement Act of 1997 (Pub. L. 105–33) amended the section as follows:

  • Struck out the subsection (a) designation and heading,
  • Redesignated paragraphs (1) to (3) of former subsection (a) as subsections (a) to (c), respectively,
  • Inserted subsection headings, and
  • Substituted “subsection (b)” for “paragraph (2)” in subsection (c).

 

 

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Section 505 (FCRA)

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Section 507 (FCRA)

FrillBreak

[BCR § 156]