31 U.S.C. § 9101

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.

45 U.S.C. 502(1)In clause (2)(A), “Amtrak” is substituted for “National Railroad Passenger Corporation” to conform to section 103(1) of the Rail Passenger Service Act ().

7 U.S.C. 950(a)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 ()” are added because of 7:943(c) and 950(a).

April 16, 1949March 14, 1947June 30, 1957July 1, 1945January 22, 1947June 30, 1957July 1, 1945July 19, 1963July 13, 1963July 1, 1966December 12, 1946May 9, 1955August 24, 1949May 9, 1955February 25, 1947May 10, 1949April 30, 1945section 1(a) of the Act of March 13, 1968 Pub. L. 90–26782 Stat. 47 March 25, 1946June 30, 1947June 30, 1948June 30, 1947June 30, 1948February 3, 1954September 8, 1952section 2(a)(2) of the Act of September 26, 1950 64 Stat. 1038 January 18, 1950In 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 . The words “Farmers Home Corporation” are omitted because the corporation never was activated. The words “Federal Surplus Commodities Corporation” are omitted because the corporation and the Division of Marketing and Marketing Agreements were consolidated into the Surplus Marketing Administration, which was merged into the Agricultural Marketing Administration, which was dissolved on . The words “Reconstruction Finance Corporation” are omitted because the corporation was abolished on . The words “Defense Plant Corporation; Defense Supplies Corporation; Metals Reserve Company; Rubber Reserve Company” are omitted because the corporations and companies were dissolved on . The words “War Damage Corporation” are omitted because the corporation was terminated on . The words “the RFC Mortgage Company” are omitted because the company was transferred to the Reconstruction Finance Corporation, which was abolished on . The words “Disaster Loan Corporation” are omitted because the corporation was dissolved on . The words “Inland Waterways Corporation” are omitted because the corporation was liquidated on . The words “Warrior River Terminal Company” are omitted because the company was transferred to the Inland Waterways Corporation, which was liquidated on . The words “Virgin Islands Corporation” are omitted because the corporation was dissolved on . The words “United States Spruce Production Corporation” are omitted because the corporation was dissolved on . The words “Institute of Inter-American Affairs” are omitted because the institute was transferred to the Foreign Operations Administration, which was abolished on . The words “Institute of Inter-American Transportation” are omitted because the institute was dissolved . The words “Inter-American Educational Foundation, Incorporated” are omitted because the foundation was succeeded by the Institute of Inter-American Affairs, which was transferred to the Foreign Operations Administration, which was abolished on . The words “Inter-American Navigation Corporation” are omitted because the corporation was dissolved on . The words “Prencinradio, Incorporated” are omitted because Prencinradio, Incorporated was dissolved . The words “Cargoes, Incorporated” are omitted because Cargoes, Incorporated was dissolved . The words “Export-Import Bank of the United States” are substituted for “Export-Import Bank of Washington” because of (, ). The words “Petroleum Reserves Corporation” are omitted because the corporation was transferred to the Office of Economic Warfare, which was consolidated into the Foreign Economic Administration, which was transferred to the Reconstruction Finance Corporation and changed to the War Assets Corporation. The War Assets Corporation was dissolved as soon as practicable after . The words “Rubber Development Corporation” are omitted because the certificate of incorporation expired on . The words “U. S. Commercial Company” are omitted because the company was liquidated after . The words “Smaller War Plants Corporation” are omitted because the corporation was abolished on . The words “Defense Homes Corporation” are omitted because the corporation was liquidated on . The words “Home Owners’ Loan Corporation” are omitted because the corporation was dissolved on . The words “United States Housing Corporation” are omitted because the corporation was terminated on . The words “Panama Railroad Company” (subsequently changed to “Panama Canal Company” by (ch. 1049, )), are omitted because of 22:ch. 51. The words “Tennessee Valley Associated Cooperatives, Incorporated” are omitted because the corporation was dissolved on .

7 U.S.C. 950(a)Pub. L. 89–17479 Stat. 669 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 ()” 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 (, ).

Act1983

Pub. L. 97–3595 Stat. 440 Section 501(36) of the Act of December 23, 1981 Pub. L. 97–10195 Stat. 1440 December 31, 1981This 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 (, ) provided that the Bank would cease being a mixed-ownership Government corporation on the day after the Final Government Equity Redemption Date. (, ), provided that the Redemption Date was .

Editorial Notes

Amendments

Pub. L. 116–2602020—Par. (3)(K). substituted “Great Lakes St. Lawrence Seaway Development Corporation” for “Saint Lawrence Seaway Development Corporation”.

Pub. L. 115–334, § 6602(b)(19)(A)7 U.S.C. 950(a)2018—Par. (2)(H) to (K). , redesignated subpars. (I) to (K) as (H) to (J), respectively, and struck out former subpar. (H) which read as follows: “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 ().”

Pub. L. 115–254Par. (3)(H). substituted “United States International Development Finance Corporation” for “Overseas Private Investment Corporation”.

Pub. L. 115–334, § 6602(b)(19)(B)Par. (3)(K) to (R). , redesignated subpars. (L) to (N) and (P) to (R) as (K) to (P), respectively, and struck out former pars. (K) and (O) which read as follows:

7 U.S.C. 950(a)“(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 ().

“(O) the Uranium Enrichment Corporation.”

Pub. L. 110–1402007—Par. (3)(R). added subpar. (R).

Pub. L. 108–1992004—Par. (3)(Q). added subpar. (Q).

Pub. L. 107–1712002—Par. (3)(Q). struck out subpar. (Q) which read: “the Alternative Agricultural Research and Commercialization Corporation.”

Pub. L. 105–1341997—Par. (2). redesignated subpars. (B) to (L) as (A) to (K), respectively, and struck out former subpar. (A) which read: “Amtrak.”

Pub. L. 104–287, § 4(2)(A)1996—Par. (2)(J) to (M). , (B), redesignated subpars. (K) to (M) as (J) to (L), respectively, and struck out former subpar. (J), which read: “the United States Railway Association”.

Pub. L. 104–287, § 4(2)(C)Par. (3)(B). , substituted a period for the semicolon at end.

Pub. L. 104–127, § 722(b)(1)Pub. L. 104–287, § 4(2)(D)Par. (3)(N). , and , amended par. (3) identically, redesignating subpar. (N), relating to Uranium Enrichment Corporation, as (O).

Pub. L. 104–134section 902(b) of Pub. L. 102–486section 722(b)(1) of Pub. L. 104–127section 4(2)(D) of Pub. L. 104–287Par. (3)(O). , which directed the amendment of par. (3) of this section by striking out subpar. (N) as added by , could not be executed because of the intervening identical amendments of par. (3) by and redesignating that subpar. (N) as (O).

Pub. L. 104–127, § 722(b)(1)Pub. L. 104–287, § 4(2)(D), and , amended par. (3) identically, redesignating subpar. (N), relating to Uranium Enrichment Corporation, as (O).

Pub. L. 104–106Par. (3)(P). added subpar. (P).

Pub. L. 104–127, § 722(b)(2)Par. (3)(Q). , added subpar. (Q).

Pub. L. 103–2721994—Par. (2)(K). substituted “the” for “The”.

Pub. L. 103–325Par. (3)(B) to (N). added subpar. (B) and redesignated former subpars. (B) to (M) as (C) to (N), respectively.

Pub. L. 103–821993—Par. (3)(E). added subpar. (E).

Pub. L. 102–4861992—Par. (3)(N). added subpar. (N) relating to the Uranium Enrichment Corporation.

Pub. L. 101–73, § 501(d)1989—Par. (2)(L). , added subpar. (L).

Pub. L. 101–73, § 511(b)(1)Par. (2)(M). , added subpar. (M).

Pub. L. 101–73, § 307(e)Par. (3)(E). , struck out subpar. (E) relating to Federal Savings and Loan Insurance Corporation.

Pub. L. 100–861987—Par. (2)(K). added subpar. (K).

Pub. L. 97–452Pub. L. 97–2581983—Par. (2)(K). struck out subpar. (K) which had already been struck out by . See 1982 Amendment note below.

Pub. L. 97–258, § 2l1982—Par. (2)(K). ()(1), struck out subpar. (K) relating to National Consumer Cooperative Bank.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Pub. L. 115–254section 9681 of Title 22section 1470(w) of Pub. L. 115–254section 905 of Title 2Amendment by effective at the end of the transition period, as defined in , Foreign Relations and Intercourse, see , set out as a note under , The Congress.

Effective Date of 2007 Amendment

Pub. L. 110–140Dec. 19, 2007section 1601 of Pub. L. 110–140section 1824 of Title 2Amendment by effective on the date that is 1 day after , see , set out as an Effective Date note under , The Congress.

Effective Date of 1996 Amendment

Pub. L. 104–134, title III, § 3117(a)Apr. 26, 1996110 Stat. 1321–350 July 28, 1998section 2297h(9) of Title 42, , , provided that the amendment made by that section was to take effect as of the privatization date []. For definition of that term, see , The Public Health and Welfare.

Effective Date of 1993 Amendment

Pub. L. 103–82Oct. 1, 1993section 202(i) of Pub. L. 103–82section 12651 of Title 42Amendment by effective , see , set out as an Effective Date note under , The Public Health and Welfare.

Effective Date of 1983 Amendment

Sept. 13, 1982section 2(i) of Pub. L. 97–452section 3331 of this titleAmendment effective , see , set out as a note under .

Effective Date of 1982 Amendment

Pub. L. 97–258, § 2lSept. 13, 198296 Stat. 1062 Jan. 1, 1982(), , , provided that the amendment made by that section is effective .

Short Title

act Dec. 6, 1945, ch. 557 59 Stat. 597 Pub. L. 97–258Sept. 13, 198296 Stat. 877 Dec. 6, 1945section 101 of this titleThis chapter is popularly known as the Government Corporation Control Act. The Government Corporation Control Act was previously the official short title of , , 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 , , , the first section of which enacted this title. For complete classification of act , to the Code, see Tables. For disposition of sections of former Title 31 to this title, see Disposition Table preceding .

Dissolution of Pennsylvania Avenue Development Corporation

Apr. 1, 1996Pub. L. 92–578, § 3Oct. 27, 197286 Stat. 1267 Pub. L. 107–217, § 6(b)Aug. 21, 2002116 Stat. 1304 Pennsylvania Avenue Development Corporation dissolved on or before , and assets, obligations, indebtedness, and unobligated and unexpended balances of Corporation transferred, see , , , as amended, which was classified to section 872 of former Title 40, Public Buildings, Property, and Works, prior to repeal by , , .

Abolition of United States Railway Association and Transfer of Functions

Apr. 1, 198745 U.S.C. 701Jan. 1, 1987Oct. 21, 1986section 1341 of Title 45The United States Railway Association was abolished effective , with all powers, duties, rights, and obligations of Association relating to Consolidated Rail Corporation under the Regional Rail Reorganization Act of 1973 ( et seq.) transferred to Secretary of Transportation on , and any securities of Corporation held by Association transferred to Secretary of Transportation on , see , Railroads.

Compensation Practices of Government Corporations

Oct. 5, 1995section 4501 of Title 5For 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, , 60 F.R. 52829, set out as a note under , Government Organization and Employees.