Title 2 — The Congress
Chapter 17A — Congressional Budget and Fiscal Operations
§ 622. Definitions
Statutory text
For purposes of this Act—
The terms “budget outlays” and “outlays” mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year.
Budget authority and new budget authority.—
In general.—
The term “budget authority” means the authority provided by Federal law to incur financial obligations, as follows:
provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections;
borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits;
contract authority, which means the making of funds available for obligation but not for expenditure; and
offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority.
Limitations on budget authority.—
With respect to the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the railroad retirement account, any amount that is precluded from obligation in a fiscal year by a provision of law (such as a limitation or a benefit formula) shall not be budget authority in that year.
New budget authority.—
The term “new budget authority” means, with respect to a fiscal year—
budget authority that first becomes available for obligation in that year, including budget authority that becomes available in that year s 1 a result of a reappropriation; or
a change in any account in the availability of unobligated balances of budget authority carried over from a prior year, resulting from a provision of law first effective in that year;
and includes a change in the estimated level of new budget authority provided in indefinite amounts by existing law.
The term “tax expenditures” means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term “tax expenditures budget” means an enumeration of such tax expenditures.
The term “concurrent resolution on the budget” means—
a concurrent resolution setting forth the congressional budget for the United States Government for a fiscal year as provided in section 632 of this title; and
any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 635 of this title.
The term “appropriation Act” means an Act referred to in section 105 of title 1.
The term “deficit” means, with respect to a fiscal year, the amount by which outlays exceeds 2 receipts during that year.
The term “surplus” means, with respect to a fiscal year, the amount by which receipts exceeds 2 outlays during that year.
The term “government-sponsored enterprise” means a corporate entity created by a law of the United States that—
has a Federal charter authorized by law;
is privately owned, as evidenced by capital stock owned by private entities or individuals;
is under the direction of a board of directors, a majority of which is elected by private owners;
is a financial institution with power to—
make loans or loan guarantees for limited purposes such as to provide credit for specific borrowers or one sector; and
raise funds by borrowing (which does not carry the full faith and credit of the Federal Government) or to guarantee the debt of others in unlimited amounts; and
does not exercise powers that are reserved to the Government as sovereign (such as the power to tax or to regulate interstate commerce);
does not have the power to commit the Government financially (but it may be a recipient of a loan guarantee commitment made by the Government); and
has employees whose salaries and expenses are paid by the enterprise and are not Federal employees subject to title 5.
The term “entitlement authority” means—
the authority to make payments (including loans and grants), the budget authority for which is not provided for in advance by appropriation Acts, to any person or government if, under the provisions of the law containing that authority, the United States is obligated to make such payments to persons or governments who meet the requirements established by that law; and
the food stamp program.
The term “credit authority” means authority to incur direct loan obligations or to incur primary loan guarantee commitments.
The terms “emergency” and “unanticipated” have the meanings given to such terms in section 900(c) of this title.
Footnotes
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 93–344 § 3 · 88 Stat. 297
Enacted · 2 U.S.C. § 622
Pub. L. 93–344, § 3, July 12, 1974, 88 Stat. 299
Source evidence
Code source credit
Pub. L. 93–344, § 3, July 12, 1974, 88 Stat. 299Enacted provision · exact public law section
Sec. 3. (a) In General.— For purposes of this Act— 31 USC 1302. (1) The terms “budget outlays” and “outlays” mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year. (2) The term “budget authority” means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds, except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. (3) The term “tax expenditures” means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term “tax expenditures budget” means an enumeration of such tax expenditures. (4) The term “concurrent resolution on the budget” means— (A) a concurrent resolution setting forth the congressional budget for the United States Government for a fiscal year as provided in section 301; (B) a concurrent resolution reaffirming or revising the congressional budget for the United States Government for a fiscal year as provided in section 310; and (C) any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 304. (5) The term “appropriation Act” means an Act referred to in section 105 of title 1, United States Code. Post, p. 322. (b) Joint Committee on Atomic Energy.— For purposes of titles II, III, and IV of this Act, the Members of the House of Representatives who are members of the Joint Committee on Atomic Energy shall be treated as a standing committee of the House, and the Members of the Senate who are members of the Joint Committee shall be treated as a standing committee of the Senate.Pub. L. 95–110 § 1 · 91 Stat. 884
Struck · 2 U.S.C. § 622
Pub. L. 95–110 struck out designation “(a)” before “For the purpose of this chapter”
Struck · 2 U.S.C. § 622
Pub. L. 95–110 struck out subsec. (b) which provided that Members of the respective Houses of Congress who were members of the Joint Committee on Atomic Energy were to be treated as standing committees of their respective Houses of Congress
Source evidence
Code amendment note
Pub. L. 95–110 struck out designation “(a)” before “For the purpose of this chapter” and struck out subsec. (b) which provided that Members of the respective Houses of Congress who were members of the Joint Committee on Atomic Energy were to be treated as standing committees of their respective Houses of Congress.Enacted provision · exact public law section
(1) by striking out the items relating to chapter 17; andBalanced Budget and Emergency Deficit Control Act of 1985
Pub. L. 99–177 § 201(a)(2) · 99 Stat. 1037
Inserted · 2 U.S.C. § 622(2)
Pub. L. 99–177, § 201(a)(2), inserted reference to the collection of offsetting receipts, effective Apr. 15, 1986
Source evidence
Code amendment note
Par. (2). Pub. L. 99–177, § 201(a)(2), inserted reference to the collection of offsetting receipts, effective Apr. 15, 1986.Enacted provision · exact public law section
(2) Paragraph (2) of section 3 of the Congressional Budget and Impoundment Control Act of 1974 is amended by inserting before the comma the following: “or to collect offsetting receipts.”.Balanced Budget and Emergency Deficit Control Act of 1985
Pub. L. 99–177 § 232(b) · 99 Stat. 1037
Struck · 2 U.S.C. § 622(4)
Pub. L. 99–177, § 232(b), struck out subpar. (B) relating to concurrent resolutions as provided in section 641 of this title
Redesignated · 2 U.S.C. § 622(4)
Pub. L. 99–177, § 232(b), redesignated subpar. (C) as (B)
Source evidence
Code amendment note
Par. (4). Pub. L. 99–177, § 232(b), struck out subpar. (B) relating to concurrent resolutions as provided in section 641 of this title, and redesignated subpar. (C) as (B).Enacted provision · exact public law section
(b) Technical Amendment.— Paragraph (4) of section 3 of the Congressional Budget and Impoundment Control Act of 1974 is amended— (1) by adding “and” after the semicolon at the end of subparagraph (A); (2) by striking out subparagraph (B); and (3) by redesignating subparagraph (C) as subparagraph (B).Balanced Budget and Emergency Deficit Control Act of 1985
Pub. L. 99–177 § 201(a)(1) · 99 Stat. 1037
Added · 2 U.S.C. § 622(6)(10)
Pub. L. 99–177, § 201(a)(1), added pars. (6) to (10)
Source evidence
Code amendment note
Pars. (6) to (10). Pub. L. 99–177, § 201(a)(1), added pars. (6) to (10).Enacted provision · exact public law section
(1) Section 3 of the Congressional Budget and Impoundment 2 USC 622. Control Act of 1974 is amended by adding at the end thereof the following new paragraphs: “(6) The term ‘deficit’ means, with respect to any fiscal year, the amount by which total budget outlays for such fiscal year exceed total revenues for such fiscal year. In calculating the deficit for purposes of comparison with the maximum deficit amount under the Balanced Budget and Emergency Deficit Control Act of 1985 and in calculating the excess deficit for Ante, p. 1038. Post, pp. 1063, 1072. 42 USC 911. purposes of sections 251 and 252 of such Act (notwithstanding section 710(a) of the Social Security Act), for any fiscal year, the receipts of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund for such fiscal year and the taxes payable under sections 1401(a), 3101(a), and 3111(a) of the Internal Revenue Code of 1954 during such 26 USC 1401, 3101, 3111. fiscal year shall be included in total revenues for such fiscal year, and the disbursements of each such Trust Fund for such fiscal year shall be included in total budget outlays for such fiscal year. Notwithstanding any other provision of law except to the extent provided by section 710(a) of the Social Security Act, the receipts, revenues, disbursements, budget authority, 42 USC 911. and outlays of each off-budget Federal entity for a fiscal year shall be included in total budget authority, total budget outlays, and total revenues and the amounts of budget authority and outlays set forth for each major functional category, for such fiscal year. Amounts paid by the Federal Financing Bank for the purchase of loans made or guaranteed by a department, agency, or instrumentality of the Government of the United States shall be treated as outlays of such department, agency, or instrumentality. “(7) The term ‘maximum deficit amount’ means— “(A) with respect to the fiscal year beginning October 1, 1985, $171,900,000,000; “(B) with respect to the fiscal year beginning October 1, 1986, $144,000,000,000; “(C) with respect to the fiscal year beginning October 1, 1987, $108,000,000,000; “(D) with respect to the fiscal year beginning October 1, 1988, $72,000,000,000; “(E) with respect to the fiscal year beginning October 1, 1989, $36,000,000,000; and “(F) with respect to the fiscal year beginning October 1, 1990, zero. “(8) The term ‘off-budget Federal entity’ means any entity (other than a privately-owned Government-sponsored entity)— “(A) which is established by Federal law, and “(B) the receipts and disbursements of which are required by law to be excluded from the totals of— “(i) the budget of the United States Government submitted by the President pursuant to section 1105 of title 31, United States Code, or “(ii) the budget adopted by the Congress pursuant to Infra. title III of this Act. “(9) The term ‘entitlement authority’ means spending authority Post, p. 1056. described by section 401(c)(2)(C). “(10) The term ‘credit authority’ means authority to incur direct loan obligations or to incur primary loan guarantee commitments.”.Tax Reform Act of 1986
Pub. L. 99–514 § 2 · 100 Stat. 2085
Substituted · 2 U.S.C. § 622(6)
Pub. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text
Source evidence
Code amendment note
Par. (6). Pub. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.Enacted provision · exact public law section
SEC. 2. INTERNAL REVENUE CODE OF 1986. (a) Redesignation of 1954 Code.— The Internal Revenue Title enacted August 16, 1954, as heretofore, hereby, or hereafter amended, may be cited as the “Internal Revenue Code of 1986”. (b) References in Laws, Etc.— Except when inappropriate, any reference in any law, Executive order, or other document— (1) to the Internal Revenue Code of 1954 shall include a reference to the Internal Revenue Code of 1986, and (2) to the Internal Revenue Code of 1986 shall include a reference to the provisions of law formerly known as the Internal Revenue Code of 1954.Pub. L. 100–119 title I § 106(a) · 101 Stat. 754
Inserted · 2 U.S.C. § 622(7)(D)(I)
Pub. L. 100–119 inserted subpars. (D) to (I)
Struck · 2 U.S.C. § 622(7)(D)(I)
Pub. L. 100–119 struck out former subpars. (D) to (F) which read as follows:
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 100–119 inserted subpars. (D) to (I) and struck out former subpars. (D) to (F) which read as follows:“(D) with respect to the fiscal year beginning October 1, 1988, $72,000,000,000; “(E) with respect to the fiscal year beginning October 1, 1989, $36,000,000,000; and “(F) with respect to the fiscal year beginning October 1, 1990, zero.”
Enacted provision · exact public law section
(a) Revision of Definition of Maximum Deficit Amount.— Paragraph (7) of section 3 of the Congressional Budget and Impoundment Control Act of 1974 is amended by striking out subparagraphs (D) 2 USC 622. through (F) and by inserting in lieu thereof the following: “(D) with respect to the fiscal year beginning October 1, 1987, $144,000,000,000; “(E) with respect to the fiscal year beginning October 1, 1988, $136,000,000,000; “(F) with respect to the fiscal year beginning October 1, 1989, $100,000,000,000; “(G) with respect to the fiscal year beginning October 1, 1990, $64,000,000,000; “(H) with respect to the fiscal year beginning October 1, 1991, $28,000,000,000; and “(I) with respect to the fiscal year beginning October 1, 1992, zero.”.Pub. L. 100–203 § 8003(c)(1) · 101 Stat. 1330
Redesignated · 2 U.S.C. § 622(7)(C)
Pub. L. 100–203, § 8003(c)(1), (2), redesignated subpar. (D) as (C). Former subpar. (C), which provided for maximum deficit amount of $108,000,000,000 for fiscal year beginning Oct. 1, 1987, was struck out
Source evidence
Code amendment note
Par. (7)(C). Pub. L. 100–203, § 8003(c)(1), (2), redesignated subpar. (D) as (C). Former subpar. (C), which provided for maximum deficit amount of $108,000,000,000 for fiscal year beginning Oct. 1, 1987, was struck out.Enacted provision · exact public law section
(1) striking section 3(7)(C);Pub. L. 100–203 § 8003(c)(2) · 101 Stat. 1330
Redesignated · 2 U.S.C. § 622(7)(D)(I)
Pub. L. 100–203, § 8003(c)(2)–(7), redesignated subpars. (E) to (I) as (D) to (H), respectively. Former subpar. (D) redesignated (C)
Source evidence
Code amendment note
Par. (7)(D) to (I). Pub. L. 100–203, § 8003(c)(2)–(7), redesignated subpars. (E) to (I) as (D) to (H), respectively. Former subpar. (D) redesignated (C).Enacted provision · exact public law section
(2) redesignating section 3(7)(D) as 3(7)(C);Omnibus Budget Reconciliation Act of 1990
Pub. L. 101–508 § 13211(a) · 104 Stat. 1388
Amended · 2 U.S.C. § 622(2)
Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term ‘budget authority’ means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”
Source evidence
Code amendment note
Par. (2). Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term ‘budget authority’ means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”.Enacted provision · exact public law section
(a) Budget Authority.— Section 3(2) of the Congressional Budget and Impoundment Control Act of 1974 is amended to read as follows: “(2) Budget authority and new budget authority.— “(A) In general.— The term ‘budget authority’ means the authority provided by Federal law to incur financial obligations, as follows: “(i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections; “(ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits; “(iii) contract authority, which means the making of funds available for obligation but not for expenditure; and “(iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority. “(B) Limitations on budget authority.— With respect to the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the railroad retirement account, any amount that is precluded from obligation in a fiscal year by a provision of law (such as a limitation or a benefit formula) shall not be budget authority in that year. “(C) New budget authority.— The term ‘new budget authority’ means, with respect to a fiscal year— “(i) budget authority that first becomes available for obligation in that year, including budget authority that becomes available in that year s8585 So in original. Probably should be “aa”. a result of a reappropriation; or “(ii) a change in any account in the availability of unobligated balances of budget authority carried over from a prior year, resulting from a provision of law first effective in that year; and includes a change in the estimated level of new budget authority provided in indefinite amounts by existing law.”,Effective date note
Pub. L. 101–508, title XIII, § 13211(b), Nov. 5, 1990, 104 Stat. 1388–620, provided that: “The amendment made by subsection (a) [amending this section] shall be effective for fiscal year 1992 and subsequent fiscal years.”Omnibus Budget Reconciliation Act of 1990
Pub. L. 101–508 § 13201(b)(1) · 104 Stat. 1388
Inserted · 2 U.S.C. § 622(2)
Pub. L. 101–508, § 13201(b)(1), inserted at end: “The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 101–508, § 13201(b)(1), inserted at end: “The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”.Enacted provision · exact public law section
(1) Definition.— Section 3(2) of the Congressional Budget Act of 1974 is amended by adding at the end the following: “The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by title V”.Effective date note
Pub. L. 101–508, title XIII, § 13211(b), Nov. 5, 1990, 104 Stat. 1388–620, provided that: “The amendment made by subsection (a) [amending this section] shall be effective for fiscal year 1992 and subsequent fiscal years.”Omnibus Budget Reconciliation Act of 1990
Pub. L. 101–508 § 13112(a)(2) · 104 Stat. 1388
Added · 2 U.S.C. § 622(6)(8)
Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8)
Struck · 2 U.S.C. § 622(6)(8)
Pub. L. 101–508, § 13112(a)(2), struck out former par. (6) which defined “deficit” and contained provisions relating to calculation of the deficit, former par. (7) which defined “maximum deficit amount”, and former par. (8) which defined “off-budget Federal entity”
Source evidence
Code amendment note
Pars. (6) to (8). Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8) and struck out former par. (6) which defined “deficit” and contained provisions relating to calculation of the deficit, former par. (7) which defined “maximum deficit amount”, and former par. (8) which defined “off-budget Federal entity”.Enacted provision · exact public law section
(2) Section 3.— Section 3 of such Act is amended— 2 USC 622. (A) by striking paragraphs (6), (7), and (8) and inserting the following: “(6) The term ‘deficit’ means, with respect to a fiscal year, the amount by which outlays exceeds receipts during that year. “(7) The term ‘surplus’ means, with respect to a fiscal year, the amount by which receipts exceeds outlays during that year. “(8) The term ‘government-sponsored enterprise’ means a corporate entity created by a law of the United States that— “(A) (i) has a Federal charter authorized by law; “(ii) is privately owned, as evidenced by capital stock owned by private entities or individuals; “(iii) is under the direction of a board of directors, a majority of which is elected by private owners; “(iv) is a financial institution with power to— “(I) make loans or loan guarantees for limited purposes such as to provide credit for specific borrowers or one sector; and “(II) raise funds by borrowing (which does not carry the full faith and credit of the Federal Government) or to guarantee the debt of others in unlimited amounts; and “(B) (i) does not exercise powers that are reserved to the Government as sovereign (such as the power to tax or to regulate interstate commerce); “(ii) does not have the power to commit the Government financially (but it may be a recipient of a loan guarantee commitment made by the Government); and “(iii) has employees whose salaries and expenses are paid by the enterprise and are not Federal employees subject to title 5 of the United States Code.”.Effective date note
Pub. L. 101–508, title XIII, § 13211(b), Nov. 5, 1990, 104 Stat. 1388–620, provided that: “The amendment made by subsection (a) [amending this section] shall be effective for fiscal year 1992 and subsequent fiscal years.”Balanced Budget Act of 1997
Pub. L. 105–33 title X § 10101 · 111 Stat. 251
Amended · 2 U.S.C. § 622(9)
Pub. L. 105–33 amended par. (9) generally. Prior to amendment, par. (9) read as follows: “The term ‘entitlement authority’ means spending authority described by section 651(c)(2)(C) of this title.”
Source evidence
Code amendment note
Par. (9). Pub. L. 105–33 amended par. (9) generally. Prior to amendment, par. (9) read as follows: “The term ‘entitlement authority’ means spending authority described by section 651(c)(2)(C) of this title.”Enacted provision · exact public law section
SEC. 10101. AMENDMENT TO SECTION 3. Section 3(9) of the Congressional Budget and Impoundment 2 USC 622. Control Act of 1974 is amended to read as follows: “(9) The term ‘entitlement authority’ means— “(A) the authority to make payments (including loans and grants), the budget authority for which is not provided for in advance by appropriation Acts, to any person or government if, under the provisions of the law containing that authority, the United States is obligated to make such payments to persons or governments who meet the requirements established by that law; and “(B) the food stamp program.”.Pub. L. 112–25 title I § 105(b) · 125 Stat. 247
Added · 2 U.S.C. § 622(11)
Pub. L. 112–25 added par. (11)
Source evidence
Code amendment note
Par. (11). Pub. L. 112–25 added par. (11).Enacted provision · exact public law section
(b) Definitions.— Section 3 of the Congressional Budget and Impoundment Control Act of 1974 2 USC 622. is amended by adding at the end the following new paragraph: “(11) The terms ‘emergency’ and ‘unanticipated’ have the meanings given to such terms in section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985.” .
18 of 18 references resolved to an enrolled provision
Editorial Notes
References in Text
This Act, referred to in text, means Pub. L. 93–344, , 88 Stat. 297, known as the Congressional Budget and Impoundment Control Act of 1974, which enacted chapters 17, 17A and 17B, and section 190a–3 of this title and sections 11a, 11c, 11d, 1020a of former Title 31, Money and Finance, amended sections 11, 665, 701, 1020, 1151, 1152, 1153, and 1154 of former Title 31, section 105 of Title 1, General Provisions, sections 190b and 190d of this title, repealed sections 571 and 581c–1 of former Title 31, and sections 66 and 81 of this title, and enacted provisions set out as notes under sections 190a–1, 621, 632, and 682 of this title, section 105 of Title 1, and section 1020 of former Title 31. For complete classification of this Act to the Code, see Short Title note set out under section 621 of this title and Tables.
Codification
Section was formerly classified to section 1302 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, , 96 Stat. 877.
Amendments1977–2011 · 7 rounds
2011
Par. (11). Pub. L. 112–25 added par. (11).
1997
Par. (9). Pub. L. 105–33 amended par. (9) generally. Prior to amendment, par. (9) read as follows: “The term ‘entitlement authority’ means spending authority described by section 651(c)(2)(C) of this title.”
1990
Par. (2). Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “The term ‘budget authority’ means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”.
Pub. L. 101–508, § 13201(b)(1), inserted at end: “The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chapter”.
Pars. (6) to (8). Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8) and struck out former par. (6) which defined “deficit” and contained provisions relating to calculation of the deficit, former par. (7) which defined “maximum deficit amount”, and former par. (8) which defined “off-budget Federal entity”.
1987
Par. (7)(C). Pub. L. 100–203, § 8003(c)(1), (2), redesignated subpar. (D) as (C). Former subpar. (C), which provided for maximum deficit amount of $108,000,000,000 for fiscal year beginning , was struck out.
Par. (7)(D) to (I). Pub. L. 100–203, § 8003(c)(2)–(7), redesignated subpars. (E) to (I) as (D) to (H), respectively. Former subpar. (D) redesignated (C).
Pub. L. 100–119 inserted subpars. (D) to (I) and struck out former subpars. (D) to (F) which read as follows:
“(D) with respect to the fiscal year beginning , $72,000,000,000;
“(E) with respect to the fiscal year beginning , $36,000,000,000; and
“(F) with respect to the fiscal year beginning , zero.”
1986
Par. (6). Pub. L. 99–514 substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.
1985
Par. (2). Pub. L. 99–177, § 201(a)(2), inserted reference to the collection of offsetting receipts, effective .
Par. (4). Pub. L. 99–177, § 232(b), struck out subpar. (B) relating to concurrent resolutions as provided in section 641 of this title, and redesignated subpar. (C) as (B).
Pars. (6) to (10). Pub. L. 99–177, § 201(a)(1), added pars. (6) to (10).
1977
Pub. L. 95–110 struck out designation “(a)” before “For the purpose of this chapter” and struck out subsec. (b) which provided that Members of the respective Houses of Congress who were members of the Joint Committee on Atomic Energy were to be treated as standing committees of their respective Houses of Congress.
Statutory Notes and Related Subsidiaries
Change of Name
References to the food stamp program established under the Food and Nutrition Act of 2008 considered to refer to the supplemental nutrition assistance program established under that Act, see section 4002(c) of Pub. L. 110–246, set out as a note under section 2012 of Title 7, Agriculture.
Effective Date of 1990 Amendment
Pub. L. 101–508, title XIII, § 13211(b), , 104 Stat. 1388–620, provided that: “The amendment made by subsection (a) [amending this section] shall be effective for fiscal year 1992 and subsequent fiscal years.”
Effective Date of 1985 Amendment
Amendment by sections 201(a)(1) and 232(b) of Pub. L. 99–177 effective , and applicable with respect to fiscal years beginning after , and amendment by section 201(a)(2) of Pub. L. 99–177 effective , see section 275(a)(1), (2)(A) of Pub. L. 99–177, as amended, formerly set out as an Effective and Termination Dates note under section 900 of this title prior to repeal by Pub. L. 112–25, title I, § 104(a), , 125 Stat. 246.
Credits
1946–2011 · 9 acts
- 1974Pub. L. 93–344, § 3, , 88 Stat. 299
- 1946Aug. 1, 1946, ch. 724, title I, § 302(c), as added Pub. L. 95–110, § 1, , 91 Stat. 884, renumbered title I, Pub. L. 102–486, title IX, § 902(a)(8), , 106 Stat. 2944
- 1985Pub. L. 99–177, title II, §§ 201(a), 232(b), , 99 Stat. 1039, 1062
- 1986Pub. L. 99–514, § 2, , 100 Stat. 2095
- 1987Pub. L. 100–119, title I, § 106(a), , 101 Stat. 780
- 1987Pub. L. 100–203, title VIII, § 8003(c), , 101 Stat. 1330–282
- 1990Pub. L. 101–508, title XIII, §§ 13112(a)(2), 13201(b)(1), 13211(a), , 104 Stat. 1388–607, 1388–614, 1388–620
- 1997Pub. L. 105–33, title X, § 10101, , 111 Stat. 678
- 2011Pub. L. 112–25, title I, § 105(b), , 125 Stat. 247.
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(Pub. L. 93–344, § 3, , 88 Stat. 299; Aug. 1, 1946, ch. 724, title I, § 302(c), as added Pub. L. 95–110, § 1, , 91 Stat. 884, renumbered title I, Pub. L. 102–486, title IX, § 902(a)(8), , 106 Stat. 2944; Pub. L. 99–177, title II, §§ 201(a), 232(b), , 99 Stat. 1039, 1062; Pub. L. 99–514, § 2, , 100 Stat. 2095; Pub. L. 100–119, title I, § 106(a), , 101 Stat. 780; Pub. L. 100–203, title VIII, § 8003(c), , 101 Stat. 1330–282; Pub. L. 101–508, title XIII, §§ 13112(a)(2), 13201(b)(1), 13211(a), , 104 Stat. 1388–607, 1388–614, 1388–620; Pub. L. 105–33, title X, § 10101, , 111 Stat. 678; Pub. L. 112–25, title I, § 105(b), , 125 Stat. 247.)