Collapse to view only § 9109. Exclusion of a wholly owned Government corporation from this chapter
- § 9101. Definitions
- § 9102. Establishing and acquiring corporations
- § 9103. Budgets of wholly owned Government corporations
- § 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 corporation from this chapter
- § 9110. Standards for depository institutions holding securities of a Government-sponsored corporation for customers
An agency may establish or acquire a corporation to act as an agency only by or under a law of the United States specifically authorizing the action.
When the President considers it practicable and in the public interest, the President shall include in the budget submitted to Congress under section 1105 of this title a recommendation that a wholly owned Government corporation be deemed to be an agency (except a corporation) under chapter 11 of this title and for fiscal matters. If Congress approves the recommendation, the corporation is deemed to be an agency (except a corporation) under chapter 11 and for fiscal matters for fiscal years beginning after the fiscal year of approval and is not subject to this chapter. The corporate entity is not affected by this section.