Title 31Money and FinanceRelease 119-73

§9109 Exclusion of a wholly owned Government corporation from this chapter

Title 31 › Subtitle SUBTITLE VI— - MISCELLANEOUS › Chapter CHAPTER 91— - GOVERNMENT CORPORATIONS › § 9109

Last updated Apr 6, 2026|Official source

Summary

The President may ask Congress, in the budget under section 1105, to treat a wholly owned Government corporation as an agency (not a corporation) under chapter 11 for fiscal matters. If Congress agrees, that status starts in fiscal years after approval and the corporation itself is unchanged.

Full Legal Text

Title 31, §9109

Money and Finance — Source: USLM XML via OLRC

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.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 910931:852.Dec. 6, 1945, ch. 577, § 107, 59 Stat. 599. The word “President” is substituted for “Director of the Office of Management and Budget” because section 101 and 102(a) of Reorganization Plan No. 2 of 1970 (eff. July 1, 1970, 84 Stat. 2085) designated the Bureau of the Budget as the Office of Management and Budget and transferred all functions of the Bureau to the President. The words “with the approval of the President” are omitted because of the restatement. The word “considers” is substituted for “deemed” for consistency. The words “in connection with the budget program of such corporation” are omitted as surplus. The words “submitted to Congress under section 1105 of this title” are added for clarity. The words “deemed to be” are substituted for “treated . . . as if it were” for consistency. The word “agency” is substituted for “Government agency” and “establishment” because of section 101 of the revised title and for consistency. The words “if it were”, “appropriations, expenditures, receipts, accounts, and other”, and “in connection with the budget program for any fiscal year” are omitted as surplus. The words “deemed to be” are substituted for “regarded as” for consistency.

Reference

Citations & Metadata

Citation

31 U.S.C. § 9109

Title 31Money and Finance

Last Updated

Apr 6, 2026

Release point: 119-73