The Balanced Budget and Emergency Deficit Control Act of 1985, referred to in subsecs. (a), (b), (d), and (f), is title II of Pub. L. 99–177, Dec. 12, 1985, 99 Stat. 1038, as amended. Part C of the Act is classified generally to subchapter I (§ 900 et seq.) of chapter 20 of Title 2, The Congress. Section 251 of the Act is classified to section 901 of Title 2, and was amended generally by Pub. L. 101–508, title XIII, § 13101(a), Nov. 5, 1990, 104 Stat. 1388–577. For complete classification of this Act to the Code, see Short Title note set out under section 900 of Title 2 and Tables.

The date of the enactment of this section, referred to in subsec. (e), is the date of enactment of Pub. L. 99–576, which was approved Oct. 28, 1986.

1991—Subsec. (a)(2). Pub. L. 102–83, § 5(c)(1), substituted “2307” for “907”.

Subsec. (b). Pub. L. 102–83, § 4(a)(3), (4), substituted “Department” for “Veterans’ Administration” in introductory provisions.

Subsec. (b)(1). Pub. L. 102–83, § 5(c)(1), substituted “1920” for “720” in subpar. (A), “1922” for “722” in subpar. (B), “1923” for “723” in subpar. (C), “1925” for “725” in subpar. (D), “1955” for “755” in subpar. (E), and “1919” for “719” in subpar. (F).

Subsec. (b)(2)(A). Pub. L. 102–83, § 5(c)(1), substituted “1718(c)” for “618(c)”.

Pub. L. 102–83, § 4(a)(2)(B)(i), substituted “Department of Veterans Affairs” for “Veterans’ Administration”.

Subsec. (b)(2)(B). Pub. L. 102–40 substituted “7804” for “4204”.

Subsec. (c)(1). Pub. L. 102–83, § 5(c)(1), substituted “2301, 2302, 2303, 2306, or 2308” for “901, 902, 903, 906, or 908”.

Subsec. (c)(3). Pub. L. 102–83, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator”.

Subsec. (d). Pub. L. 102–83, § 4(a)(3), (4), substituted “Department” for “Veterans’ Administration”.

1988—Subsec. (a)(4), (5). Pub. L. 100–322, § 411(b), struck out “(but only with respect to fiscal year 1987)” before period at end.

Subsec. (d). Pub. L. 100–322, § 411(c), substituted “a report of the Director of the Office of Management and Budget” for “a joint report of the Directors of the Office of Management and Budget and the Congressional Budget Office”.

1987—Subsec. (a)(6). Pub. L. 100–198, § 12(a)(1), added par. (6).

Subsec. (c)(2). Pub. L. 100–198, § 12(a)(3), substituted “31, 34, 35, or 36” for “34, or 36”.

Subsecs. (e) to (g). Pub. L. 100–198, § 12(a)(2), redesignated subsecs. (f) and (g) as (e) and (f), respectively, and struck out former subsec. (e) which read as follows: “If a final order issued by the President pursuant to a law providing for the cancellation of loan guarantee commitments imposes a limitation on the total amount of loans that may be guaranteed under chapter 37 of this title in any fiscal year, the Administrator shall submit to the Committees on Veterans’ Affairs of the Senate and the House of Representatives a monthly report (not later than the 10th day of each month during the remainder of such fiscal year following the issuance of such final order) providing the following information:

“(1) The total amount of the loans for which commitments of guarantees were made under such chapter during the preceding month.

“(2) The total amount of the loans for which commitments were made during the fiscal year through the end of such preceding month.

“(3) The Administrator’s estimates as to the total amounts of the loans for which commitments would, in the absence of any limits on such commitments or guarantees, be made during (A) the month in which the report is required to be submitted, and (B) the succeeding months of the fiscal year.”

Section 12(b) of Pub. L. 100–198 provided that: “The amendments made by subsection (a) [amending this section] shall take effect on November 19, 1987.”

Section 601(b) of Pub. L. 99–576 provided that: “Section 113 of title 38, United States Code (as added by subsection (a)), shall apply with respect to a sequestration order issued, or a sequestration law enacted, for a fiscal year after fiscal year 1986.”

Section 411(a) of Pub. L. 100–322 provided that:

“(1) Notwithstanding section 601(b) of the Veterans’ Benefits Improvement and Health-Care Authorization Act of 1986 (Public Law 99–576) [set out as a note above], section 113 (b)(2) of title 38, United States Code, shall apply with respect to a sequestration order issued, or a sequestration law enacted, for any fiscal year after fiscal year 1985.

“(2) The Secretary of the Treasury shall take such action as is necessary to implement paragraph (1). Not later than 60 days after the date of the enactment of this Act [May 20, 1988], the Secretary shall submit to the Committees on Veterans’ Affairs of the Senate and House of Representatives a report on the action taken by the Secretary pursuant to that paragraph.”