**(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.
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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.
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Federal law — U.S. Code and appendices · legal_authorities
§ 621. Congressional declaration of purpose
The Congress declares that it is essential—
Page 173
TITLE 2—THE CONGRESS
§ 621
(1) to assure effective congressional control
over the budgetary process;
(2) to provide for the congressional deter-
mination each year of the appropriate level of
Federal revenues and expenditures;
(3) to provide a system of impoundment con-
trol;
(4) to establish national budget priorities;
and
(5) to provide for the furnishing of informa-
tion by the executive branch in a manner that
will assist the Congress in discharging its du-
ties.
(Pub. L. 93–344, § 2, July 12, 1974, 88 Stat. 298.)
Editorial Notes
CODIFICATION
Section was formerly classified to section 1301 of
Title 31 prior to the general revision and enactment of
Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept.
13, 1982, 96 Stat. 877.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Pub. L. 93–344, title IX, § 905, July 12, 1974, 88 Stat. 331,
provided effective dates for Pub. L. 93–344 prior to re-
peal by Pub. L. 105–33, title X, § 10120(a), Aug. 5, 1997, 111
Stat. 696.
SHORT TITLE OF 1999 AMENDMENT
Pub. L. 106–141, § 1, Dec. 7, 1999, 113 Stat. 1699, provided
that: ‘‘This Act [amending sections 658b and 658c of this
title] may be cited as the ‘State Flexibility Clarifica-
tion Act’.’’
SHORT TITLE OF 1981 AMENDMENT
Pub. L. 97–108, § 1, Dec. 23, 1981, 95 Stat. 1510, provided:
‘‘That this Act [amending section 653 of this title and
enacting provisions set out as notes under section 653
of this title] may be cited as the ‘State and Local Gov-
ernment Cost Estimate Act of 1981’.’’
SHORT TITLE
Pub. L. 93–344, § 1(a), July 12, 1974, 88 Stat. 297, as
amended by Pub. L. 104–130, § 4(a), Apr. 9, 1996, 110 Stat.
1211, provided that: ‘‘This Act [en