§ 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, but in no case later than December 31, 2008, and semiannually 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, 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, and guarantees of the troubled assets, determined in accordance with section
5232 of this title;
(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; and
Beginning with the second report under subsection (a), the Office of Management and Budget shall explain the differences between the Congressional Budget Office estimates delivered in accordance with subsection (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), 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—
(c)
Financial expertise
In carrying out the duties in this subsection [1] or performing analyses of activities under this chapter, the Director 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.
[1] So in original. Probably should be “section”.