United States Code (Last Updated: May 24, 2014) |
Title 31. MONEY AND FINANCE |
SubTitle VI. MISCELLANEOUS |
Chapter 91. GOVERNMENT CORPORATIONS |
§ 9101. Definitions
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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 Rural Telephone Bank when 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)). (I) the Financing Corporation. (J) the Resolution Trust Corporation. (K) 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 Overseas Private Investment Corporation. (I) the Pennsylvania Avenue Development Corporation. (J) the Pension Benefit Guaranty Corporation. (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)). (L) the Saint Lawrence Seaway Development Corporation. (M) the Secretary of Housing and Urban Development when carrying out duties and powers related to the Federal Housing Administration Fund. (N) the Tennessee Valley Authority. [(O) Repealed. Pub. L. 104–134, title III, § 3117(a), Apr. 26, 1996 , 110 Stat. 1321–350.](P) the Panama Canal Commission. (Q) the Millennium Challenge Corporation. (R) the International Clean Energy Foundation.
Historical And Revision
Clause (1) is included because a number of the provisions 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 “National 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, 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))” 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 Agricultural Credit Corporation of Washington, D.C., which was dissolved on
In clause (3)(J), the words “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))” are added because of 7:943(c) and 950(a). Clause (L) is substituted for the “Federal Housing Administration” because of section 5 of the Department of Housing and Urban Development Act (Pub. L. 89–174, 79 Stat. 669).
This amends 31:9101(2) because the National Consumer Cooperative Bank is no longer a mixed-ownership 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 corporation on the day after the Final Government Equity Redemption Date. Section 501(36) of the Act of December 23, 1981 (Pub. L. 97–101, 95 Stat. 1440), provided that the Redemption Date was
Amendments
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), respectively, 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 period 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, redesignating subpar. (N), relating to Uranium Enrichment Corporation, as (O).
Par. (3)(O). Pub. L. 104–134, which directed the amendment of par. (3) of this section by striking out subpar. (N) as added by section 902(b) of Pub. L. 102–486, was executed by striking out subpar. (O), to reflect the probable intent of Congress, because of the redesignation of that subpar. (N) as (O) by section 722(b)(1) of Pub. L. 104–127 and section 4(2)(D) of Pub. L. 104–287. Subpar. (O) read as follows: “the Uranium Enrichment Corporation.”
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 Corporation, 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) relating 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.
Effective Date Of Amendment
Amendment by Pub. L. 110–140 effective on the date that is 1 day after
Pub. L. 104–134, title III, § 3117(a),
Amendment by Pub. L. 103–82 effective
Amendment effective
Pub. L. 97–258, § 2(l),
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 classified 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,
Miscellaneous
Pennsylvania Avenue Development Corporation dissolved on or before
The United States Railway Association was abolished effective
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,