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2026-07-06 09:52:37 -04:00

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LegalText 2 U.S.C. § 661 Purposes us united_states_code code_section 2 THE CONGRESS 17A CONGRESSIONAL BUDGET AND FISCAL OPERATIONS 661 2 U.S.C. § 661 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc02@119-100.zip /us/usc/t2/s661 data/legal/raw/us/code/title-02/usc02.xml 753b092baa0873e75fa85702b27e8c962dca1bda35a90afeccb21611b334d929 ec6910a011de0a97d11b263bbcd649766188311e429ae6bdb5fc2cf5e6ebbb9e 9217b39d573b4c497fabe03af4411f621b354f5044eab59bd5a1b374ee28b4a3 2026-07-04 official
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2 U.S.C. § 661 - Purposes

Text

The purposes of this subchapter are to—

(1) measure more accurately the costs of Federal credit programs;

(2) place the cost of credit programs on a budgetary basis equivalent to other Federal spending;

(3) encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries; and

(4) improve the allocation of resources among credit programs and between credit and other spending programs.

(Pub. L. 93344, title V, § 501, as added Pub. L. 101508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388610.)

Notes

Editorial Notes

Prior ProvisionsA prior section 661, Pub. L. 93344, title VI, § 606, July 12, 1974, 88 Stat. 325, directed that Budget Committees of House and Senate study, on a continuing basis, any provisions of law which exempt agencies or programs from inclusion in the budget and make recommendations from time to time with regard to terminating or modifying such provisions, prior to repeal by Pub. L. 99177, title II, §§ 223, 275(a)(1), Dec. 12, 1985, 99 Stat. 1060, 1100, effective Dec. 12, 1985, and applicable with respect to fiscal years beginning after Sept. 30, 1985. A prior section 501 of Pub. L. 93344, title V, July 12, 1974, 88 Stat. 321, was classified to section 1020 of former Title 31, prior to repeal and reenactment as section 1102 of Title 31, Money and Finance, by Pub. L. 97258, § 5(b), Sept. 13, 1982, 96 Stat. 1068, the first section of which enacted Title 31.

Statutory Notes and Related Subsidiaries

Short TitleFor short title of title V of Pub. L. 93344, which enacted this subchapter, as the “Federal Credit Reform Act of 1990”, see section 500 of Pub. L. 93344, set out as a note under section 621 of this title.