---
kind: "section"
citation: "2 U.S.C. § 661b"
title: "2"
title_heading: "The Congress"
number: "661b"
heading: "OMB and CBO analysis, coordination, and review"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/2/661b"
units:
  - "Chapter 17A — Congressional Budget and Fiscal Operations"
  - "Subchapter III — Credit Reform"
---

# §661b. OMB and CBO analysis, coordination, and review

- (a) **In general—** For the executive branch, the [Director](/usc/2/661a.md?p=11) shall be responsible for coordinating the estimates required by this subchapter. The [Director](/usc/2/661a.md?p=11) shall consult with the [agencies](/usc/2/658.md?p=1) that administer [direct loan](/usc/2/661a.md?p=1) or [loan guarantee](/usc/2/661a.md?p=3) programs.
- (b) **Delegation—** The [Director](/usc/2/661a.md?p=11) may delegate to [agencies](/usc/2/658.md?p=1) authority to make estimates of costs. The delegation of authority shall be based upon written guidelines, [regulations](/usc/2/658.md?p=10), or criteria consistent with the definitions in this subchapter.
- (c) **Coordination with Congressional Budget Office—** In developing estimation guidelines, [regulations](/usc/2/658.md?p=10), or criteria to be used by Federal [agencies](/usc/2/658.md?p=1), the [Director](/usc/2/661a.md?p=11) shall consult with the [Director](/usc/2/661a.md?p=11) of the Congressional Budget Office.
- (d) **Improving cost estimates—** The [Director](/usc/2/661a.md?p=11) and the [Director](/usc/2/661a.md?p=11) of the Congressional Budget Office shall coordinate the development of more accurate data on historical performance of [direct loan](/usc/2/661a.md?p=1) and [loan guarantee](/usc/2/661a.md?p=3) programs. They shall annually review the performance of outstanding [direct loans](/usc/2/661a.md?p=1) and [loan guarantees](/usc/2/661a.md?p=3) to improve estimates of costs. The Office of Management and Budget and the Congressional Budget Office shall have access to all [agency](/usc/2/658.md?p=1) data that may facilitate the development and improvement of estimates of costs.
- (e) **Historical credit program costs—** The [Director](/usc/2/661a.md?p=11) shall review, to the extent possible, historical data and develop the best possible estimates of adjustments that would convert aggregate historical budget data to credit reform accounting.
- (f) **Administrative costs—** The [Director](/usc/2/661a.md?p=11) and the [Director](/usc/2/661a.md?p=11) of the Congressional Budget Office shall each analyze and report to Congress on differences in long-term administrative costs for credit programs versus grant programs by January 31, 1992. Their reports shall recommend to Congress any changes, if necessary, in the treatment of administrative costs under credit reform accounting.

## Source credit

(Pub. L. 93–344, title V, § 503, as added Pub. L. 101–508, title XIII, § 13201(a), Nov. 5, 1990, 104 Stat. 1388–611.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 503 of Pub. L. 93–344, title V, July 12, 1974, 88 Stat. 321, was classified to section 701 of former Title 31, prior to repeal and reenactment in section 1552(a) of Title 31, Money and Finance, by Pub. L. 97–258, § 5(b), Sept. 13, 1982, 96 Stat. 1068, the first section of which enacted Title 31.