Page:United States Statutes at Large Volume 110 Part 2.djvu/512

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110 STAT. 1321-365 PUBLIC LAW 104-134—APR. 26, 1996 "(C) INCLUDED FEDERAL LOAN PROGRAM DEFINED. — For purposes of this paragraph, the term 'included Federal loan program' means any program under which the United States or a Federal agency makes, guarantees, or insures loans.". (3) CLERICAL AMENDMENTS.— (A) The chapter title to chapter 77 of subtitle VI of title 31, United States Code, is amended to read as follows: " CHAPTER 77—ACCESS TO INFORMATION FOR DEBT COLLECTION". (B) The table of chapters for subtitle VI of title 31, United States Code, is amended by inserting before the item relating to chapter 91 the following new item: "77. Access to information for debt collection 7701". (j)(l) IN GENERAL.—Title 31, United States Code, is amended by inserting after section 3720A the following new section:

    • § 3720B. Barring delinquent Federal debtors from obtaining

Federal loans or loan insurance guarantees Standards. "(a) Unless this subsection is waived by the head of a Federal agency, a person may not obtain any Federal financial assistance in the form of a loan (other than a disaster loan) or loan insurance or guarantee administered by the agency if the person has an outstanding debt (other than a debt under the Internal Revenue Code of 1986) with any Federal agency which is in a delinquent status, as determined under standards prescribed by the Secretary of the Treasury. Such a person may obtain additional loans or loan guarantees only after such delinquency is resolved in accordance with those standards. The Secretary of the Treasury may exempt, at the request of an agency, any class of claims. "(b) The head of a Federal agency may delegate the waiver authority under subsection (a) to the Chief Financial Officer of the agency. The waiver authority may be redelegated only to the Deputy Chief Financial Officer of the agency." (2) CLERICAL AMENDMENT.— The table of sections for subchapter II of chapter 37 of title 31, United States Code, is amended by inserting after the item relating to section 3720A the following new item: "3720B. Barring delinquent Federal debtors from obtaining Federal loans or loan insurance guarantees.". (k) Section 3711(f) of title 31, United States Code, is amended— (1) by striking "may" the first place it appears and inserting "shall"; (2) by striking "an individual" each place it appears and inserting "a person"; (3) by striking "the individual" each place it appears and inserting "the person"; and (4) by adding at the end the following new paragraphs: "(4) The head of each executive agency shall require, as a condition for insuring or guaranteeing any loan, financing, or other extension of credit under any law to a person, that the lender provide information relating to the extension of credit to consumer reporting agencies or commercial reporting agencies, as appropriate. "(5) The head of each executive agency may provide to a consumer reporting agency or commercial reporting agency information from a system of records that a person is responsible for a claim which is current, if notice required by section 552a(e)(4)