Sec. 202. Congressional approval for certain obligations exceeding $100,000,000
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/bill/113/hr/37/ih/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No Federal department or agency may enter into a contract with, award a grant to, or guarantee a loan for, a private entity in excess of $100,000,000 for a fiscal year, unless the department or agency submits to the Congress a request for approval of such contract, grant, or guarantee, and such approval is subsequently granted by enactment of a joint resolution. A joint resolution of approval under subsection
(a)shall be considered in the House of Representatives and the Senate not later then 30 days after the date of submission of a request under such subsection, under expedited procedures. This section shall take effect on the date that is 180 days after the date of the enactment of this Act.