---
kind: "section"
citation: "12 U.S.C. § 5252"
title: "12"
title_heading: "Banks and Banking"
number: "5252"
heading: "Reports by the Office of Management and Budget and the Congressional Budget Office"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5252"
units:
  - "Chapter 52 — Emergency Economic Stabilization"
  - "Subchapter II — Budget-Related Provisions"
---

# §5252. Reports by the Office of Management and Budget and the Congressional Budget Office

- (a) **Reports by the Office of Management and Budget—** Within 60 days of the first exercise of the authority granted in [section 5211(a) of this title](/usc/12/5211.md?p=a), but in no case later than December 31, 2008, and annually thereafter, the Office of Management and Budget shall report to the President and the Congress—
  - (1) the estimate, notwithstanding [section 661a(5)(F) of title 2](/usc/2/661a.md?p=5-F), as of the first business day that is at least 30 days prior to the issuance of the report, of the cost of the [troubled assets](/usc/12/5202.md?p=9), and guarantees of the [troubled assets](/usc/12/5202.md?p=9), determined in accordance with [section 5232 of this title](/usc/12/5232.md);
  - (2) the information used to derive the estimate, including assets purchased or guaranteed, prices paid, revenues received, the impact on the deficit and debt, and a description of any outstanding commitments to purchase [troubled assets](/usc/12/5202.md?p=9); and
  - (3) a detailed analysis of how the estimate has changed from the previous report.

  Beginning with the second report under [subsection (a)](#a), the Office of Management and Budget shall explain the differences between the Congressional Budget Office estimates delivered in accordance with [subsection (b)](#b) and prior Office of Management and Budget estimates.

- (b) **Reports by the Congressional Budget Office—** Within 45 days of receipt by the Congress of each report from the Office of Management and Budget under [subsection (a)](#a), the Congressional Budget Office shall report to the Congress the Congressional Budget Office’s assessment of the report submitted by the Office of Management and Budget, including—
  - (1) the cost of the [troubled assets](/usc/12/5202.md?p=9) and guarantees of the [troubled assets](/usc/12/5202.md?p=9),
  - (2) the information and valuation methods used to calculate such cost, and
  - (3) the impact on the deficit and the debt.
- (c) **Financial expertise—** In carrying out the duties in this subsection[^1] or performing analyses of activities under this chapter, the [Director](/usc/12/5481.md?p=10) of the Congressional Budget Office may employ personnel and procure the services of experts and consultants.
- (d) **Authorization of appropriations—** There are authorized to be appropriated such sums as may be necessary to produce reports required by this section.
- (e) **Sunset—** Notwithstanding the previous provisions of this section, the reporting and comment requirements under this section shall terminate with the annual period on the last day of which all [troubled assets](/usc/12/5202.md?p=9) acquired by the [Secretary](/usc/12/5202.md?p=7) under [section 5211 of this title](/usc/12/5211.md) have been sold or transferred out of the ownership or control of the Federal Government.

## Footnotes

[^1]: So in original. Probably should be “section”.

## Source credit

(Pub. L. 110–343, div. A, title II, § 202, Oct. 3, 2008, 122 Stat. 3800; Pub. L. 112–204, § 1(b)(1), Dec. 4, 2012, 126 Stat. 1485.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in subsec. (c), was in the original “this Act” and was translated as reading “this division”, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.

### Amendments

2012—Subsec. (a). Pub. L. 112–204, § 1(b)(1)(A), substituted “annually” for “semiannually”.

Subsec. (e). Pub. L. 112–204, § 1(b)(1)(B), added subsec. (e).

### Statutory Notes and Related Subsidiaries

### Effective Date of 2012 Amendment

Pub. L. 112–204, § 1(b)(2), Dec. 4, 2012, 126 Stat. 1486, provided that: “The amendments made by this subsection [amending this section] shall take effect the first day after the date of enactment of this Act [Dec. 4, 2012].”