Page:United States Statutes at Large Volume 104 Part 2.djvu/1022

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104 STAT. 1388-614 PUBLIC LAW 101-508—NOV. 5, 1990 2 USC 661e. "SEC. 506. TREATMENT OF DEPOSIT INSURANCE AND AGENCIES AND OTHER INSURANCE PROGRAMS. "(a) IN GENERAL. — "(1) 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. "(2) 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. "(3) For the purposes of paragraph (2), the Office of Management and Budget and the Congressional Budget Office shall have access to all agency data that may facilitate these studies. 2 USC 661f. "SEC. 507. EFFECT ON OTHER LAWS. "(a) EFFECT ON OTHER LAWS.— This title shall supersede, modify, or repeal any provision of law enacted prior to the date of enactment of this title to the extent such provision is inconsistent with this title. Nothing in this title shall be construed to establish a credit limitation on any Federal loan or loan guarantee program. "(b) CREDITING OF COLLECTIONS. — Collections resulting from direct loans obligated or loan guarantees committed prior to October 1, 1991, shall be credited to the liquidating accounts of Federal agencies. Amounts so credited shall be available, to the same extent that they were available prior to the date of enactment of this title, to liquidate obligations arising from such direct loans obligated or loan guarantees committed prior to October 1, 1991, including repayment of any obligations held by the Secretary of the Treasury or the Federal Financing Bank. The unobligated balances of such accounts that are in excess of current needs shall be transferred to the general fund of the Treasury. Such transfers shall be made from time to time but, at least once each year.". (b) CONFORMING AMENDMENTS.— (1) DEFINITION.— Section 3(2) of the Congressional Budget Act 2 USC 622. 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". (2) POINT OF ORDER FOR FISCAL YEAR 1991. — Effective January 1, 1991, for fiscal year 1991 only, section 302(f)(2) of the Congres- 2 USC 633. sional Budget Act of 1974 is amended by inserting after "new budget authority" the following: "or new credit authority". (3) SUNSET OF POINT OF ORDER IN FISCAL YEAR 1992. —Effective for fiscal years beginning after September 30, 1991, section 302 of the Congressional Budget Act is amended— (A) in subsection (a)(1)— (i) by striking "total entitlement authority, and total credit authority" and inserting "and total entitlement authority"; (ii) by striking "such entitlement authority, or such credit authority" and inserting "or such entitlement authority"; and