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Government-sponsored enterprise

The term ‘‘government-sponsored enterprise’’ means a corporate entity created by a law of the United States that—
(A)(i) has a Federal charter authorized by law;
(ii) is privately owned, as evidenced by capital stock owned by private entities or individuals;
(iii) is under the direction of a board of directors, a majority of which is elected by private owners;
(iv) is a financial institution with power to—
(I) make loans or loan guarantees for limited purposes
such as to provide credit for specific borrowers or one sector; and
(II) raise funds by borrowing (which does not carry the full faith and credit of the Federal Government) or to guarantee the debt of others in unlimited amounts;

CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974 [USA]

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