### Question
How does the law define credit authority?


### Answer
Under *2 U.S.C. § 622*, **credit authority** is defined as:

> authority to incur direct loan obligations or to incur primary loan guarantee commitments

#### Citation:
  - *2 U.S.C. § 622*
  - Heading: **CHAPTER 17A-CONGRESSIONAL BUDGET AND FISCAL OPERATIONS**

