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Code · BILL · 118th Congress · S. 3005 (Introduced in Senate) — To amend the Better Utilization of Investments Leading to Development Act of 2018 to enhance the economic and strateg... · Sec. 4

Sec. 4. Sense of Congress

77 words·~1 min read·/bill/118/s/3005/is/section-4

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It is the sense of Congress that— the proper budgetary treatment of the insurance and reinsurance authorities of the Corporation, including insurance and reinsurance of debt, is not subject to budgetary treatment under the requirements of Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq. ); and guaranties provided by the Corporation in excess of 80 percent of an obligation are exempt from applicable provisions of the Office of Management and Budget Circular A-129.
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Sec. 4
Sense of Congress
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