Title 31, Money and FinanceRelease 119-102
§9109 Exclusion of a Wholly Owned Government Corporation From This Chapter
Title 31 › SUBTITLE VI — MISCELLANEOUS › CHAPTER 91 — GOVERNMENT CORPORATIONS › § 9109
Summary
When practicable and in the public interest, the President must put in the budget submitted under section 1105 a recommendation that a wholly owned Government corporation be treated as an agency (not a corporation) under chapter 11 for fiscal matters. If Congress approves, that treatment applies to fiscal years beginning after the fiscal year of approval; the corporation is not subject to this chapter and its corporate existence 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 31, Money and Finance
Last Updated
Aug 21, 2026
Release point: 119-102