Subject to subsection (b), the costs of purchases of troubled assets made under section
5211(a) of this title and guarantees of troubled assets under section
5212 of this title, and any cash flows associated with the activities authorized in section
5212 of this title and subsections (a), (b), and (c) ofsection
5216 of this title shall be determined as provided under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et. seq.).
For the purposes of section 502(5) of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a(5))—
(1)the cost of troubled assets and guarantees of troubled assets shall be calculated by adjusting the discount rate in section
502(5)(E) (2 U.S.C. 661a(5)(E)) for market risks; and
(2)the cost of a modification of a troubled asset or guarantee of a troubled asset shall be the difference between the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset and the current estimate consistent with paragraph (1) under the terms of the troubled asset or guarantee of the troubled asset, as modified.
The Federal Credit Reform Act of 1990, referred to in subsec. (a), is title V of Pub. L. 93–344, as added by Pub. L. 101–508, title XIII, § 13201(a),Nov. 5, 1990, 104 Stat. 1388–609, which is classified generally to subchapter III (§ 661 et seq.) of chapter
17A of Title
2, The Congress. For complete classification of this Act to the Code, see Short Title note set out under section
621 of Title
2 and Tables.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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