Page:United States Statutes at Large Volume 98 Part 1.djvu/1255

 P U B L I C L A W 9 8 - 3 6 9 — J U L Y 18, 1984

98 S T A T. 1207

(2) Paragraph (1) of section 501(c) of such Code (listing exempt organizations) is amended to read as follows: "(1) any corporation organized under Act of Congress which is a n instrumentality of the United States but only if such corporation— "(A) is exempt from Federal income taxes under such Act, as amended and supplemented, or "(B) is described in subsection (1).". (c) The amendments made by this section shall take effect on October 1, 1979.

26 USC 501. Ante, p. 1056.

12 USC 1795k note.

ELIMINATION OF PAYROLL DEDUCTION FEES ON FINANCIAL ORGANIZATIONS; ADMINISTRATION OF D I S B U R S I N G FUNCTIONS

SEC. 2814. (a) Section 33320b) of title 31, United States Code, is amended by inserting "without charge" after "shall be sent". (b) Section 3332 of title 31, United States Code, is amended by striking out subsection (c) and redesignating subsections (d), (e), (f), and (g) as subsections (c), (d), (e), and (f), respectively.

TITLE IX—MISCELLANEOUS PROVISIONS COST SAVINGS BY ADMINISTRATIVE ACTION

SEC. 2901. (a) It is the sense of the Congress that— (1) departments, agencies, and instrumentalities of the executive branch of government can continue to make significant management improvements in— (A) the travel and transportation of personnel and transportation of things for personnel; (B) the use of consultant services; (C) public affairs, public relations, and advertising activities; (D) publishing, printing, reproduction, and audio visual activities; (E) identification, recovery, and collection of Federal overpayments, delinquencies, and indebtedness; and (F) the operation, maintenance, management, leasing, acquisition, and disposal of motor vehicles; and (2) such improvements can result in better use of funds and reductions in expenditures for such activities. (b) Within six months after the date of enactment of this Act, the Report. Director of the Office of Management and Budget shall prepare and transmit to the Committees on Appropriations and Budget of the Senate and House of Representatives and the Senate Governmental Affairs and House Government Operations Committees a report describing for each of the categories specified in subparagraphs (A) through (F) of subsection (a)(1)— (1) the baseline cost (or best estimate thereoD for fiscal year 1984; (2) the savings (below such baseline cost or estimate) that can reasonably be expected to be achieved for fiscal year 1985 by improved management; (3) an explanation of how such savings will be achieved; and (4) if necessary, draft legislation to achieve such savings. (c) If the expected savings described pursuant to subsection (b)(2) are—

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