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 Title 26, Internal Revenue Code. AMENDMENTS 1996—Subsecs. (c), (d). Pub. L. 104–134 added subsecs. (c) and (d). SUBTITLE VI—MISCELLANEOUS Chap. Sec. 91. Government Corporations ................ 9101 93. Sureties and Surety Bonds ............... 9301 95. Government Pension Plan Protec- tion ...................................................... 9501 97. Miscellaneous ....................................... 9701 Editorial Notes AMENDMENTS 1996—Pub. L. 104–134, title III, § 31001(i)(3)(B), Apr. 26, 1996, 110 Stat. 1321–365, which directed that the table of chapters for subtitle VI of this title be amended by in- serting a new item for chapter 77 ‘‘Access to informa- tion for debt collection’’ before the item for chapter 91, was executed to the table of chapters for subtitle V of this title by substituting ‘‘Access to information for debt collection’’ for ‘‘Loan Requirements’’ in item for chapter 77, to reflect the probable intent of Congress. CHAPTER 91—GOVERNMENT CORPORATIONS Sec. 9101. Definitions. 9102. Establishing and acquiring corporations. Sec. 9103. Budgets of wholly owned Government cor- porations. 9104. Congressional action on budgets of wholly owned Government corporations. 9105. Audits. 9106. Management reports. 9107. Accounts. 9108. Obligations. 9109. Exclusion of a wholly owned Government cor- poration from this chapter. 9110. Standards for depository institutions holding securities of a Government-sponsored cor- poration for customers. Editorial Notes AMENDMENTS 1990—Pub. L. 101–576, title III, § 306(b), Nov. 15, 1990, 104 Stat. 2854, substituted ‘‘Management’’ for ‘‘Audit’’. 1986—Pub. L. 99–571, title II, § 201(b)(2), Oct. 28, 1986, 100 Stat. 3224, added item 9110. § 9101. Definitions In this chapter— (1) ‘‘Government corporation’’ means a mixed-ownership Government corporation and a wholly owned Government corporation. (2) ‘‘mixed-ownership Government corpora- tion’’ means— (A) the Central Bank for Cooperatives. (B) the Federal Deposit Insurance Corpora- tion. (C) the Federal Home Loan Banks. (D) the Federal Intermediate Credit Banks. (E) the Federal Land Banks. (F) the National Credit Union Administra- tion 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 Finan- cial Institutions Fund. (C) the Export-Import Bank of the United States. (D) the Federal Crop Insurance Corpora- tion. (E) Federal Prison Industries, Incor- porated. (F) the Corporation for National and Com- munity Service. (G) the Government National Mortgage Association. (H) the United States International Devel- opment Finance Corporation. (I) the Pennsylvania Avenue Development Corporation. (J) the Pension Benefit Guaranty Corpora- tion. (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 Ad- ministration Fund. (M) the Tennessee Valley Authority. (N) the Panama Canal Commission. Page 573 TITLE 31—MONEY AND FINANCE § 9101 (O) the Millennium Challenge Corporation. (P) the International Clean Energy Foun- dation. (Pub. L. 97–258, §§ 1, 2(l)(1), Sept. 13, 1982, 96 Stat. 1041, 1062; Pub. L. 97–452, § 1(26), Jan. 12, 1983, 96 Stat. 2478; Pub. L. 100–86, title III, § 303, Aug. 10, 1987, 101 Stat. 597; Pub. L. 101–73, title III, § 307(e), title V, §§ 501(d), 511(b)(1), Aug. 9, 1989, 103 Stat. 353, 394, 406; Pub. L. 102–486, title IX, § 902(b), Oct. 24, 1992, 106 Stat. 2944; Pub. L. 103–82, title II, § 202(e)(1), Sept. 21, 1993, 107 Stat. 888; Pub. L. 103–272, § 4(f)(1)(Z), July 5, 1994, 108 Stat. 1363; Pub. L. 103–325, title I, § 104(e), Sept. 23, 1994, 108 Stat. 2168; Pub. L. 104–106, div. C, title XXXV, § 3530, Feb. 10, 1996, 110 Stat. 642; Pub. L. 104–127, title VII, § 722(b), Apr. 4, 1996, 110 Stat. 1115; Pub. L. 104–134, title III, § 3117(a), Apr. 26, 1996, 110 Stat. 1321–350; Pub. L. 104–287, § 4(2), Oct. 11, 1996, 110 Stat. 3388; Pub. L. 105–134, title IV, § 415(d)(2), Dec. 2, 1997, 111 Stat. 2590; Pub. L. 107–171, title VI, § 6201(d)(6), May 13, 2002, 116 Stat. 419; Pub. L. 108–199, div. D, title VI, § 614(e)(2), Jan. 23, 2004, 118 Stat. 223; Pub. L. 110–140, title IX, § 925(c)(2), Dec. 19, 2007, 121 Stat. 1737; Pub. L. 115–254, div. F, title VI, § 1470(u), Oct. 5, 2018, 132 Stat. 3519; Pub. L. 115–334, title VI, § 6602(b)(19), Dec. 20, 2018, 132 Stat. 4777; Pub. L. 116–260, div. AA, title V, § 512(c)(4), Dec. 27, 2020, 134 Stat. 2756.) HISTORICAL AND REVISION NOTES 1982 ACT Revised Section Source (U.S. Code) Source (Statutes at Large) 9101(1) ..... (no source). 9101(2) ..... 31:856. Dec. 6, 1945, ch. 557, § 201, 59 Stat. 600; July 26, 1956, ch. 741, § 201(a)(2), (3), 70 Stat. 667; Oct. 30, 1970, Pub. L. 91–518, § 804, 84 Stat. 1340; May 7, 1971, Pub. L. 92–12, § 4, 85 Stat. 37; Jan. 2, 1974, Pub. L. 93–236, §§ 202(g)(1), 301(f) (last sentence), 87 Stat. 992, 1005; Feb. 5, 1976, Pub. L. 94–210, § 612(b), 90 Stat. 108; Aug. 20, 1978, Pub. L. 95–351, § 301(a), 92 Stat. 513; Nov. 10, 1978, Pub. L. 95–630, § 1805, 92 Stat. 3724; Aug. 13, 1981, Pub. L. 97–35, § 396(h)(1), 95 Stat. 440. 9101(3) ..... 31:846. Dec. 6, 1945, ch. 577, § 101, 59 Stat. 597; Aug. 10, 1948, ch. 832, § 501(b)(less proviso), 62 Stat. 1283; June 30, 1949, ch. 285, § 13, 63 Stat. 356; May 13, 1954, ch. 201, § 6, 68 Stat. 95; July 26, 1956, ch. 741, § 201(a)(1), 70 Stat. 667; June 30, 1958, Pub. L. 85–477, § 502(c), 72 Stat. 272; Oct. 4, 1961, Pub. L. 87–353, § 3(u), 75 Stat. 774; May 25, 1967, Pub. L. 90–19, § 4, 81 Stat. 20; Aug. 1, 1968, Pub. L. 90–448, §§ 807(e), 1719(d), 82 Stat. 544, 610; Dec. 30, 1969, Pub. L. 91–175, § 501, 83 Stat. 825; Oct. 27, 1972, Pub. L. 92–578, § 15, 86 Stat. 1274; Sept. 2, 1974, Pub. L. 93–406, § 4002(g)(3), 88 Stat. 1005. Clause (1) is included because a number of the provi- sions of the chapter apply to mixed-ownership and wholly owned Government corporations, and the term ‘‘Government corporation’’ provides a simple phrase to refer to both of those kinds of corporations. In clause (2)(A), ‘‘Amtrak’’ is substituted for ‘‘Na- tional Railroad Passenger Corporation’’ to conform to section 103(1) of the Rail Passenger Service Act (45 U.S.C. 502(1)). In clause (2)(I), the words ‘‘when the ownership, con- trol, and operation of the Bank are converted under section 410(a) of the Rural Electrification Act of 1936 (7 U.S.C. 950(a))’’ are added because of 7:943(c) and 950(a). In clause (3), the words ‘‘Regional Agricultural Credit Corporations’’ are omitted because the corporations were merged with and liquidated by the Regional Agri- cultural Credit Corporation of Washington, D.C., which was dissolved on April 16, 1949. The words ‘‘Farmers Home Corporation’’ are omitted because the corpora- tion never was activated. The words ‘‘Federal Surplus Commodities Corporation’’ are omitted because the corporation and the Division of Marketing and Mar- keting Agreements were consolidated into the Surplus Marketing Administration, which was merged into the Agricultural Marketing Administration, which was dis- solved on March 14, 1947. The words ‘‘Reconstruction Finance Corporation’’ are omitted because the corpora- tion was abolished on June 30, 1957. The words ‘‘Defense Plant Corporation; Defense Supplies Corporation; Met- als Reserve Company; Rubber Reserve Company’’ are omitted because the corporations and companies were dissolved on July 1, 1945. The words ‘‘War Damage Cor- poration’’ are omitted because the corporation was ter- minated on January 22, 1947. The words ‘‘the RFC Mort- gage Company’’ are omitted because the company was transferred to the Reconstruction Finance Corporation, which was abolished on June 30, 1957. The words ‘‘Dis- aster Loan Corporation’’ are omitted because the cor- poration was dissolved on July 1, 1945. The words ‘‘In- land Waterways Corporation’’ are omitted because the corporation was liquidated on July 19, 1963. The words ‘‘Warrior River Terminal Company’’ are omitted be- cause the company was transferred to the Inland Wa- terways Corporation, which was liquidated on July 13, 1963. The words ‘‘Virgin Islands Corporation’’ are omit- ted because the corporation was dissolved on July 1, 1966. The words ‘‘United States Spruce Production Cor- poration’’ are omitted because the corporation was dis- solved on December 12, 1946. The words ‘‘Institute of Inter-American Affairs’’ are omitted because the insti- tute was transferred to the Foreign Operations Admin- istration, which was abolished on May 9, 1955. The words ‘‘Institute of Inter-American Transportation’’ are omitted because the institute was dissolved August 24, 1949. The words ‘‘Inter-American Educational Foun- dation, Incorporated’’ are omitted because the founda- tion was succeeded by the Institute of Inter-American Affairs, which was transferred to the Foreign Oper- ations Administration, which was abolished on May 9, 1955. The words ‘‘Inter-American Navigation Corpora- tion’’ are omitted because the corporation was dis- solved on February 25, 1947. The words ‘‘Prencinradio, Incorporated’’ are omitted because Prencinradio, Incor- porated was dissolved May 10, 1949. The words ‘‘Cargoes, Incorporated’’ are omitted because Cargoes, Incor- porated was dissolved April 30, 1945. The words ‘‘Export- Import Bank of the United States’’ are substituted for ‘‘Export-Import Bank of Washington’’ because of sec- tion 1(a) of the Act of March 13, 1968 (Pub. L. 90–267, 82 Stat. 47). The words ‘‘Petroleum Reserves Corporation’’ are omitted because the corporation was transferred to the Office of Economic Warfare, which was consoli- dated into the Foreign Economic Administration, which was transferred to the Reconstruction Finance Corporation and changed to the War Assets Corpora- tion. The War Assets Corporation was dissolved as soon as practicable after March 25, 1946. The words ‘‘Rubber Development Corporation’’ are omitted because the certificate of incorporation expired on June 30, 1947. The words ‘‘U. S. Commercial Company’’ are omitted because the company was liquidated after June 30, 1948. The words ‘‘Smaller War Plants Corporation’’ are omit- ted because the corporation was abolished on June 30, 1947. The words ‘‘Defense Homes Corporation’’ are omitted because the corporation was liquidated on June 30, 1948. The words ‘‘Home Owners’ Loan Corpora- tion’’ are omitted because the corporation was dis- solved on February 3, 1954. The words ‘‘United States Housing Corporation’’ are omitted because the corpora- tion was terminated on September 8, 1952. The words ‘‘Panama Railroad Company’’ (subsequently changed to Page 574 TITLE 31—MONEY AND FINANCE § 9101 ‘‘Panama Canal Company’’ by section 2(a)(2) of the Act of September 26, 1950 (ch. 1049, 64 Stat. 1038)), are omit- ted because of 22:ch. 51. The words ‘‘Tennessee Valley Associated Cooperatives, Incorporated’’ are omitted be- cause the corporation was dissolved on January 18, 1950. In clause (3)(J), the words ‘‘until the ownership, con- trol, and operation of the Bank are converted under section 410(a) of the Rural Electrification Act of 1936 (7 U.S.C. 950(a))’’ are added because of 7:943(c) and 950(a). Clause (L) is substituted for the ‘‘Federal Housing Ad- ministration’’ because of section 5 of the Department of Housing and Urban Development Act (Pub. L. 89–174, 79 Stat. 669). 1983 ACT This amends 31:9101(2) because the National Con- sumer Cooperative Bank is no longer a mixed-owner- ship Government corporation. Section 396(h)(1) and (i) of the Omnibus Budget Reconciliation Act of 1981 (Pub. L. 97–35, 95 Stat. 440) provided that the Bank would cease being a mixed-ownership Government corpora- tion on the day after the Final Government Equity Re- demption Date. Section 501(36) of the Act of December 23, 1981 (Pub. L. 97–101, 95 Stat. 1440), provided that the Redemption Date was December 31, 1981. Editorial Notes AMENDMENTS 2020—Par. (3)(K). Pub. L. 116–260 substituted ‘‘Great Lakes St. Lawrence Seaway Development Corporation’’ for ‘‘Saint Lawrence Seaway Development Corpora- tion’’. 2018—Par. (2)(H) to (K). Pub. L. 115–334, § 6602(b)(19)(A), redesignated subpars. (I) to (K) as (H) to (J), respectively, and struck out former subpar. (H) which read as follows: ‘‘the Rural Telephone Bank when the ownership, control, and operation of the Bank are converted under section 410(a) of the Rural Elec- trification Act of 1936 (7 U.S.C. 950(a)).’’ Par. (3)(H). Pub. L. 115–254 substituted ‘‘United States International Development Finance Corporation’’ for ‘‘Overseas Private Investment Corporation’’. Par. (3)(K) to (R). Pub. L. 115–334, § 6602(b)(19)(B), re- designated subpars. (L) to (N) and (P) to (R) as (K) to (P), respectively, and struck out former pars. (K) and (O) which read as follows: ‘‘(K) the Rural Telephone Bank until the ownership, control, and operation of the Bank are converted under section 410(a) of the Rural Electrification Act of 1936 (7 U.S.C. 950(a)). ‘‘(O) the Uranium Enrichment Corporation.’’ 2007—Par. (3)(R). Pub. L. 110–140 added subpar. (R). 2004—Par. (3)(Q). Pub. L. 108–199 added subpar. (Q). 2002—Par. (3)(Q). Pub. L. 107–171 struck out subpar. (Q) which read: ‘‘the Alternative Agricultural Research and Commercialization Corporation.’’ 1997—Par. (2). Pub. L. 105–134 redesignated subpars. (B) to (L) as (A) to (K), respectively, and struck out former subpar. (A) which read: ‘‘Amtrak.’’ 1996—Par. (2)(J) to (M). Pub. L. 104–287, § 4(2)(A), (B), redesignated subpars. (K) to (M) as (J) to (L), respec- tively, and struck out former subpar. (J), which read: ‘‘the United States Railway Association’’. Par. (3)(B). Pub. L. 104–287, § 4(2)(C), substituted a pe- riod for the semicolon at end. Par. (3)(N). Pub. L. 104–127, § 722(b)(1), and Pub. L. 104–287, § 4(2)(D), amended par. (3) identically, redesig- nating subpar. (N), relating to Uranium Enrichment Corporation, as (O). Par. (3)(O). Pub. L. 104–134, which directed the amend- ment of par. (3) of this section by striking out subpar. (N) as added by section 902(b) of Pub. L. 102–486, could not be executed because of the intervening identical amendments of par. (3) by section 722(b)(1) of Pub. L. 104–127 and section 4(2)(D) of Pub. L. 104–287 redesig- nating that subpar. (N) as (O). Pub. L. 104–127, § 722(b)(1), and Pub. L. 104–287, § 4(2)(D), amended par. (3) identically, redesignating subpar. (N), relating to Uranium Enrichment Corpora- tion, as (O). Par. (3)(P). Pub. L. 104–106 added subpar. (P). Par. (3)(Q). Pub. L. 104–127, § 722(b)(2), added subpar. (Q). 1994—Par. (2)(K). Pub. L. 103–272 substituted ‘‘the’’ for ‘‘The’’. Par. (3)(B) to (N). Pub. L. 103–325 added subpar. (B) and redesignated former subpars. (B) to (M) as (C) to (N), respectively. 1993—Par. (3)(E). Pub. L. 103–82 added subpar. (E). 1992—Par. (3)(N). Pub. L. 102–486 added subpar. (N) re- lating to the Uranium Enrichment Corporation. 1989—Par. (2)(L). Pub. L. 101–73, § 501(d), added subpar. (L). Par. (2)(M). Pub. L. 101–73, § 511(b)(1), added subpar. (M). Par. (3)(E). Pub. L. 101–73, § 307(e), struck out subpar. (E) relating to Federal Savings and Loan Insurance Corporation. 1987—Par. (2)(K). Pub. L. 100–86 added subpar. (K). 1983—Par. (2)(K). Pub. L. 97–452 struck out subpar. (K) which had already been struck out by Pub. L. 97–258. See 1982 Amendment note below. 1982—Par. (2)(K). Pub. L. 97–258, § 2(l)(1), struck out subpar. (K) relating to National Consumer Cooperative Bank. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2018 AMENDMENT Amendment by Pub. L. 115–254 effective at the end of the transition period, as defined in section 9681 of Title 22, Foreign Relations and Intercourse, see section 1470(w) of Pub. L. 115–254, set out as a note under sec- tion 905 of Title 2, The Congress. EFFECTIVE DATE OF 2007 AMENDMENT Amendment by Pub. L. 110–140 effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as an Effective Date note under sec- tion 1824 of Title 2, The Congress. EFFECTIVE DATE OF 1996 AMENDMENT Pub. L. 104–134, title III, § 3117(a), Apr. 26, 1996, 110 Stat. 1321–350, provided that the amendment made by that section was to take effect as of the privatization date [July 28, 1998]. For definition of that term, see sec- tion 2297h(9) of Title 42, The Public Health and Welfare. EFFECTIVE DATE OF 1993 AMENDMENT Amendment by Pub. L. 103–82 effective Oct. 1, 1993, see section 202(i) of Pub. L. 103–82, set out as an Effec- tive Date note under section 12651 of Title 42, The Pub- lic Health and Welfare. EFFECTIVE DATE OF 1983 AMENDMENT Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title. EFFECTIVE DATE OF 1982 AMENDMENT Pub. L. 97–258, § 2(l), Sept. 13, 1982, 96 Stat. 1062, pro- vided that the amendment made by that section is ef- fective Jan. 1, 1982. SHORT TITLE This chapter is popularly known as the Government Corporation Control Act. The Government Corporation Control Act was previously the official short title of act Dec. 6, 1945, ch. 557, 59 Stat. 597, which was classi- fied generally to chapter 14 (§§ 841, 846–852, 856–859, 866–869) of former Title 31, Money and Finance. That act was primarily repealed and restated in chapter 91 of this title by Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 877, the first section of which enacted this title. For com- plete classification of act Dec. 6, 1945, to the Code, see Tables. For disposition of sections of former Title 31 to Page 575 TITLE 31—MONEY AND FINANCE § 9104 this title, see Disposition Table preceding section 101 of this title. DISSOLUTION OF PENNSYLVANIA AVENUE DEVELOPMENT CORPORATION Pennsylvania Avenue Development Corporation dis- solved on or before Apr. 1, 1996, and assets, obligations, indebtedness, and unobligated and unexpended balances of Corporation transferred, see Pub. L. 92–578, § 3, Oct. 27, 1972, 86 Stat. 1267, as amended, which was classified to section 872 of former Title 40, Public Buildings, Property, and Works, prior to repeal by Pub. L. 107–217, § 6(b), Aug. 21, 2002, 116 Stat. 1304. ABOLITION OF UNITED STATES RAILWAY ASSOCIATION AND TRANSFER OF FUNCTIONS The United States Railway Association was abolished effective Apr. 1, 1987, with all powers, duties, rights, and obligations of Association relating to Consolidated Rail Corporation under the Regional Rail Reorganiza- tion Act of 1973 (45 U.S.C. 701 et seq.) transferred to Secretary of Transportation on Jan. 1, 1987, and any se- curities of Corporation held by Association transferred to Secretary of Transportation on Oct. 21, 1986, see sec- tion 1341 of Title 45, Railroads. COMPENSATION PRACTICES OF GOVERNMENT CORPORATIONS For provisions relating to certain bonuses paid by mixed-ownership and wholly owned corporations listed in pars. (2) and (3) of this section, see Ex. Ord. No. 12976, Oct. 5, 1995, 60 F.R. 52829, set out as a note under sec- tion 4501 of Title 5, Government Organization and Em- ployees. § 9102. Establishing and acquiring corporations An agency may establish or acquire a corpora- tion to act as an agency only by or under a law of the United States specifically authorizing the action. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1042.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 9102 ......... 31:869(a). Dec. 6, 1945, ch. 557, § 304(a), 59 Stat. 602. The word ‘‘agency’’ is substituted for ‘‘officer or agency of the Federal Government or by any Govern- ment corporation’’ and ‘‘agency or instrumentality of the United States’’ because of section 101 of the revised title, for consistency, and because a Government cor- poration is an ‘‘instrumentality of the United States Government’’. The word ‘‘establish’’ is substituted for ‘‘created, organized’’ to eliminate unnecessary words. The words ‘‘on or after December 6, 1945’’ are omitted as executed. The words ‘‘law of the United States’’ are substituted for ‘‘Act of Congress’’ for consistency. § 9103. Budgets of wholly owned Government corporations (a) Each wholly owned Government corpora- tion shall prepare and submit each year to the President a business-type budget in a way, and before a date, the President prescribes by regu- lation for the budget program. (b) The budget program for each wholly owned Government corporation shall— (1) contain estimates of the financial condi- tion and operations of the corporation for the current and following fiscal years and the con- dition and results of operations in the last fis- cal year; (2) contain statements of financial condi- tion, income and expense, and sources and use of money, an analysis of surplus or deficit, and additional statements and information to make known the financial condition and oper- ations of the corporation, including estimates of operations by major activities, administra- tive expenses, borrowings, the amount of United States Government capital that will be returned to the Treasury during the fiscal year, and appropriations needed to restore capital impairments; and (3) provide for emergencies and contin- gencies and otherwise be flexible so that the corporation may carry out its activities. (c) The President shall submit the budget pro- grams submitted by wholly owned Government corporations (as changed by the President) as part of the budget submitted to Congress under section 1105 of this title. The President there- after may submit changes in a budget program of a corporation at any time. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1042.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 9103(a) ..... 31:847(1st sentence). Dec. 6, 1945, ch. 557, § 102, 59 Stat. 598; Sept. 12, 1950, ch. 946, § 105, 64 Stat. 834. 9103(b) ..... 31:847(2d–last sen- tences). 9103(c) ..... 31:848. Dec. 6, 1945, ch. 557, § 103, 59 Stat. 598. In subsection (a), the word ‘‘President’’ is substituted for ‘‘Office of Management and Budget’’ because sec- tions 101 and 102(a) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) designated the Bureau of the Budget as the Office of Management and Budget and transferred all functions of the Bureau to the President. The words ‘‘in a way, and before a date, the President prescribes by regulation for the budget pro- gram’’ are substituted for ‘‘under such rules and regu- lations as the President may establish as to the date of submission, the form and content, the classifications of data, and the manner in which such budget program shall be prepared and presented’’ to eliminate unneces- sary words. In subsection (b), before clause (1), the words ‘‘budget program’’ are substituted for ‘‘budget program shall be a business-type budget, or plan of operation’’ for con- sistency and to eliminate unnecessary words. In clause (1), the words ‘‘actual’’ and ‘‘completed’’ are omitted as surplus. In clause (2), the words ‘‘as are necessary or desirable’’, ‘‘types of’’, ‘‘together with’’, and ‘‘funds’’ are omitted as surplus. In clause (3), the words ‘‘as au- thorized by law’’ are omitted as surplus. In subsection (c), the words ‘‘as changed’’ are sub- stituted for ‘‘as modified, amended, or revised’’ to eliminate unnecessary words. The word ‘‘submit’’ is substituted for ‘‘transmitted’’ for consistency. The word ‘‘annual’’ is omitted as surplus. The word ‘‘there- after’’ is added for clarity. The text of 31:848 (last par.) is omitted as unnecessary. § 9104. Congressional action on budgets of wholly owned Government corporations (a) Congress shall— (1) consider budget programs for wholly owned Government corporations the President submits; (2) make necessary appropriations author- ized by law; (3) make corporate financial resources avail- able for operating and administrative ex- penses; and