Page:United States Statutes at Large Volume 103 Part 1.djvu/579

 PUBLIC LAW 101-73—AUG. 9, 1989 103 STAT. 551 "(2) The Resolution Trust Corporation established under sec- tion 21A of the Federal Home Loan Bank Act. "(3) The Resolution Funding Corporation established under section 21B of the Federal Home Loan Bank Act." 0)) EFFECTIVE DATE.—The amendment made by subsection (a) 26 USC 501 note. shall take effect on the date of the enactment of this Act. SEC. 1403. ANNUAL REPORTS ON TRANSACTIONS IN WHICH FEDERAL 26 USC 597 note. FINANCIAL ASSISTANCE PROVIDED. (a) IN GENERAL.— The Secretary of the Treasury or his delegate shall submit to the Senate and to the Committee on Ways and Means of the House of Representatives annual reports on— (I)(A) the transactions which occur during the year for which the report is made and with respect to which Federal financial assistance is provided; (B) the aggregate amount of Federal financial assistsmce pro- vided with respect to such transactions; and (C) any tax benefits available by resison of such transactions; and (2) the aggregate amount of Federal financial assistance pro- vided during such year, and the aggregate tax benefits utilized during such year, which Eire attributable to such transactions in prior years. (b) DEFINITION. —For purposes of this section, the term "Federal financial assistance" means any assistance to which section 597 of the Internal Revenue Code of 1986 applies. SEC. 1404. STUDIES OF RELATIONSHIP BETWEEN PUBLIC DEBT AND 12 USC 1811 ACTIVITIES OF GOVERNMENT-SPONSORED ENTERPRISES. note. (a) IN GENERAL.—In order to better manage the bonded indebted- ness of the United States, the Secretary shall conduct 2 annual studies to assess the financial safety and soundness of the activities of all Government-sponsored enterprises and the impact of their operations on Federal borrowing. (b) ACCESS TO RELEVANT INFORMATION.— Records. (1) INFORMATION FROM GSE'S.— Each Government-sponsored enterprise shall provide full and prompt access to the Secretary to its books and records, and shall promptly provide any other information requested by the Secretary. (2) INFORMATION FROM SUPERVISORY AGENCIES. —In conducting the studies under this section, the Secretary may request information from, or the assistance of, any Federal department or agency authorized by law to supervise the activities of any Government-sponsored enterprise. (3) CONFIDENTIALITY OF INFORMATION.— (A) IN GENERAL. — The Secretary shall determine and maintain the confidentisility of any book, record, or information made available under this subsection in a manner genersdly consistent with the level of confidential- ity established for the material by the Government-spon- sored enterprise involved. (B) EXEMPTION FROM PUBLIC DISCLOSURE REQUIREMENTS.— The Department of the Treasury shall be exempt from section 552 of title 5, United States Code, with respect to any book, record, or information made available under this subsection and determined by the Secretary to be confiden- tial under subparagraph (A).

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