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15 U.S.C. § 713 — Omitted

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 713 — Omitted

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Stable record: federal_law:legal_authorities:record_usc_a9b1601c94e82337ce7e2a2b
Source file: Laws/federal/codes/united-states-code/title-15/section-713-omitted--ce70e1be4e.md
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Source location: Title 15, Chapter 15, § 713; chapter-015-economic-recovery.md

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### Statutory Notes #### Codification Section, acts Jan. 31, 1935, ch. 2, § 7, 49 Stat. 4; Jan. 26, 1937, ch. 6, § 2(a), 50 Stat. 5; Mar. 4, 1939, ch. 5, § 1(a), 53 Stat. 510; Dec. 23, 1943, ch. 383, 57 Stat. 643, was omitted as terminated by its own terms on June 30, 1948. It related to the Commodity Credit Corporation, which was recreated as a Federal corporation by [section 714 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714&num=0&edition=prelim). Subsec. (a), continuing the Commodity Credit Corporation, a Delaware corporation, until the close of business on June 30, 1948, authorizing the Corporation to use all its assets (including capital and net earnings therefrom and all moneys allocated to or borrowed by it) in the exercise of its functions as a United States agency, including the making of loans on agricultural commodities, and requiring the Corporation to maintain complete and accurate books of account and to determine the procedures to be followed in the transaction of corporate business, was superseded by sections 714, 714b(a), (d), (l), and 714f of this title. Initial proviso clause of subsec. (b), “That the Corporation shall continue to have the authority to make final and conclusive settlement and adjustment of any claims by or against the Corporation or the accounts of its fiscal officers” was superseded by [section 714b(k) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714b/k&num=0&edition=prelim). Remainder of section, relating to audit of financial transactions of the Corporation, was superseded by sections 841 to 870 of former Title 31 [see chapter 91 of Title 31, Money and Finance]. See, particularly, sections 846, 850 and 851 of former title 31 [[31 U.S.C. 9101(3)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9101/3&num=0&edition=prelim), 9105 and 9106]. #### Repeals Act July 1, 1941, ch. 270, § 1, 55 Stat. 498, formerly classified to this section, was repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 651. Acts July 16, 1943, ch. 241, § 1, 57 Stat. 556; Feb. 28, 1944, ch. 71, § 1, 58 Stat. 105; Apr. 12, 1945, ch. 54, § 5, 59 Stat. 51; June 30, 1947, ch. 164, 61 Stat. 201, formerly classified to this section, were repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 652, 654. #### Dissolution of Corporation Secretary of Agriculture authorized to dissolve the Delaware corporation under authority of section 714o of this title. #### Transfer of Assets of Corporation Assets, funds, liabilities, etc., of Delaware corporation transferred to newly created Commodity Credit Corporation under authority of [section 714n of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714n&num=0&edition=prelim). #### Subsidy Operations Act July 25, 1946, ch. 671, § 6, 60 Stat. 671, provided that the last paragraph of section 902(e) of the former Appendix to Title 50, War and National Defense, should not apply to operations of the Commodity Credit Corporation and the former Reconstruction Finance Corporation for the fiscal year ending June 30, 1947, and placed limitations on certain subsidy payments made during such fiscal year June 30, 1947. #### Increase in Certain Subsidy Payments Act July 31, 1945, ch. 332, 59 Stat. 506, provided that subsidy payments with respect to livestock, wheat, and butter, shall be increased to certain amounts from time to time by the Secretary of Agriculture. #### Allocation of Livestock and Poultry Feeds Act July 25, 1946, ch. 671, § 15, 60 Stat. 677, directed Secretary of Agriculture to allocate livestock and poultry feeds through the Commodity Credit Corporation when an emergency condition arises with regard to such feeds. #### Purchases of Wheat Prior to April 1, 1947 Act July 25, 1946, ch. 671, § 16, 60 Stat. 677, provided that the Commodity Credit Corporation shall offer to purchase the wheat of producers, subject to certain limitations, which wheat has been required to be sold pursuant to Government order and was delivered to a grain elevator prior to April 1, 1947.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 714 — Creation and purpose of Corporation

For the purpose of stabilizing, supporting, and protecting farm income and prices, of assisting in the maintenance of balanced and adequate supplies of agricultural commodities, products thereof, foods, feeds, and fibers (hereinafter collectively referred to as “agricultural commodities”), and of facilitating the orderly distribution of agricultural commodities, there is created a body corporate to be known as Commodity Credit Corporation (hereinafter referred to as the “Corporation”), which shall be an agency and instrumentality of the United States, within the Department of Agriculture, subject to the general supervision and direction of the Secretary of Agriculture (hereinafter referred to as the “Secretary”).

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 714n — Transfer of assets of Commodity Credit Corporation, a Delaware corporation

The assets, funds, property, and records of Commodity Credit Corporation, a Delaware corporation, are transferred to the Corporation. The rights, privileges, and powers, and the duties and liabilities of Commodity Credit Corporation, a Delaware corporation, in respect to any contract, agreement, loan, account, or other obligation shall become the rights, privileges, and powers, and the duties and liabilities, respectively, of the Corporation. The enforceable claims of or against Commodity Credit Corporation, a Delaware corporation, shall become the claims of or against, and may be enforced by or against, the Corporation: Provided, That nothing in this subchapter shall limit or extend any period of limitation otherwise applicable to such claims against the Corporation.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 712a — Limitation of obligations for administrative expenses of certain agencies; limitation on life of certain agencies

**(a)** Notwithstanding any other provision of law, none of the establishments or agencies named in subsection (b) of this section shall, after June 30, 1937, incur any obligations for administrative expenses, except pursuant to an annual appropriation specifically therefor, nor shall any such establishment or agency continue to function after said date unless established by or pursuant to law: Provided, That nothing contained in this section shall be construed to extend the period during which any such establishment or agency heretofore has been authorized by law to function. **(b)** [1., 2. Repealed] 3. Federal Housing Administration; 4. Federal Surplus Commodities Corporation; 5. Export-Import Bank of the United States; 6. Second Export-Import Bank of Washington, District of Columbia; 7. Reconstruction Finance Corporation; 8. Electric Home and Farm Authority; 9. Commodity Credit Corporation; 10. Federal Emergency Administration of Public Works; [11. Repealed] 12. Reconstruction Finance Mortgage Company.

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 714d — Laws applicable to Corporation

The Federal statutes applicable to Commodity Credit Corporation, a Delaware corporation, shall be applicable to the Corporation. Commodity Credit Corporation, a Delaware corporation, shall cease to be an agency of the United States as provided in [section 713(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section713/a&num=0&edition=prelim).

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 713 — Omitted

Page 1157 TITLE 15—COMMERCE AND TRADE § 713 in manpower and a savings in administrative expenses, which savings shall not be used for administrative ex- penses but instead shall be returned to or remain in the funds from which administrative expenses are drawn under this authorization: Provided further, That a re- port of such transfers and the savings effected thereby shall be submitted to Congress in the annual budget.’’ Similar provisions were contained in acts June 26, 1943, ch. 145, title I, § 101, 57 Stat. 184; June 27, 1944, ch. 286, title I, § 101, 58 Stat. 375. Executive Documents TRANSFERS OF FUNCTIONS AND CHANGES IN NAMES Federal Housing Administration consolidated into National Housing Agency during World War II by Ex. Ord. No. 9070, Feb. 24, 1942. Federal Housing Adminis- tration subsequently consolidated into Housing and Home Finance Agency by Reorg. Plan No. 3 of 1947, eff. July 27, 1947, 12 F.R. 4981, 61 Stat. 954. Functions, pow- ers, and duties of the Federal Housing Administration thereafter transferred to Secretary of Housing and Urban Development. See section 3534(a) of Title 42, The Public Health and Welfare. Federal Surplus Commodities Corporation, which was included in Surplus Marketing Administration by Reorg. Plan No. III of 1940, § 5, eff. June 30, 1940, 5 F.R. 2108, 54 Stat. 1232, consolidated into Agricultural Mar- keting Administration by Ex. Ord. No. 9069, Feb. 23, 1942. Agricultural Marketing Administration consoli- dated into Food Distribution Administration of Depart- ment of Agriculture by Ex. Ord. No. 9280, Dec. 5, 1942. Food Distribution Administration consolidated into War Food Administration in Department of Agriculture by Ex. Ord. No. 9322, Mar. 26, 1943, 8 F.R. 3807, as amend- ed by Ex. Ord. No. 9334, Apr.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9101 — Definitions

In this chapter— (1) “Government corporation” means a mixed-ownership Government corporation and a wholly owned Government corporation. (2) “mixed-ownership Government corporation” means— (A) the Central Bank for Cooperatives. (B) the Federal Deposit Insurance Corporation. (C) the Federal Home Loan Banks. (D) the Federal Intermediate Credit Banks. (E) the Federal Land Banks. (F) the National Credit Union Administration Central Liquidity Facility. (G) the Regional Banks for Cooperatives. (H) the Financing Corporation. (I) the Resolution Trust Corporation. (J) the Resolution Funding Corporation. (3) “wholly owned Government corporation” means— (A) the Commodity Credit Corporation. (B) the Community Development Financial Institutions Fund. (C) the Export-Import Bank of the United States. (D) the Federal Crop Insurance Corporation. (E) Federal Prison Industries, Incorporated. (F) the Corporation for National and Community Service. (G) the Government National Mortgage Association. (H) the United States International Development Finance Corporation. (I) the Pennsylvania Avenue Development Corporation. (J) the Pension Benefit Guaranty Corporation. (K) the Great Lakes St. Lawrence Seaway Development Corporation. (L) the Secretary of Housing and Urban Development when carrying out duties and powers related to the Federal Housing Administration Fund. (M) the Tennessee Valley Authority. (N) the Panama Canal Commission. (O) the Millennium Challenge Corporation. (P) the International Clean Energy Foundation.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 9101 — Definitions

Page 572 TITLE 31—MONEY AND FINANCE § 9101 under this subsection its intent to use such number for purposes of collecting and reporting on any delinquent amounts arising out of such person’s relationship with the Government. (4) For purposes of this subsection, a person shall not be treated as doing business with a Federal agency solely by reason of being a debt- or under third party claims of the United States. The preceding sentence shall not apply to a debtor owing claims resulting from petroleum pricing violations or owing claims resulting from Federal loan or loan guarantee/insurance programs. (d) Notwithstanding section 552a(b) of title 5, United States Code, creditor agencies to which a delinquent claim is owed, and their agents, may match their debtor records with Department of Health and Human Services, and Department of Labor records to obtain names (including names of employees), name controls, names of employ- ers, taxpayer identifying numbers, addresses (in- cluding addresses of employers), and dates of birth. The preceding sentence shall apply to the disclosure of taxpayer identifying numbers only if such disclosure is not otherwise prohibited by section 6103 of the Internal Revenue Code of 1986. The Department of Health and Human Services, and the Department of Labor shall release that information to creditor agencies and may charge reasonable fees sufficient to pay the costs associated with that release. (Added Pub. L. 103–272, § 4(f)(1)(Y)(i), July 5, 1994, 108 Stat. 1363; amended Pub. L. 104–134, title III, § 31001(i)(1), Apr. 26, 1996, 110 Stat. 1321–364.) Editorial Notes REFERENCES IN TEXT Section 6103 of the Internal Revenue Code of 1986, re- ferred to in subsecs. (a)(1) and (d), is classified to sec- tion 6103 of Tit

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