United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
federal government chartered and owned corporations are a separate set of corporations chartered and owned by the federal government, which operate to provide public services, but unlike the federal agencies (e.g., the
Environmental Protection Agency
A biophysical environment is a biotic and abiotic surrounding of an organism or population, and consequently includes the factors that have an influence in their survival, development, and evolution. A biophysical environment can vary in scale f ...
, the
Bureau of Indian Affairs
The Bureau of Indian Affairs (BIA), also known as Indian Affairs (IA), is a United States federal agency within the Department of the Interior. It is responsible for implementing federal laws and policies related to American Indians and A ...
, etc.), or the federal independent commissions (e.g., the
Federal Communications Commission
The Federal Communications Commission (FCC) is an independent agency of the United States federal government that regulates communications by radio, television, wire, satellite, and cable across the United States. The FCC maintains jurisdiction ...
, the
Nuclear Regulatory Commission
The Nuclear Regulatory Commission (NRC) is an independent agency of the United States government tasked with protecting public health and safety related to nuclear energy. Established by the Energy Reorganization Act of 1974, the NRC began operat ...
, etc.), they have a separate legal personality from the federal government, providing the highest level of political independence. They sometimes receive federal budgetary appropriations, but some also have independent sources of revenue.
Federal-government-acquired corporations
The ''federal-government-acquired corporations'' are a separate set of corporations that were originally chartered and created by an entity other than the U.S. federal government, but that were, at some point,
nationalised
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to pri ...
by the federal government. Most of these are corporations temporarily in possession of the government as a result of a seizure of property of a debtor to the government, such as a delinquent taxpayer; usually, these are awaiting liquidation at auction, and most are too small to note. However, there are also corporations that the federal government has nationalised to ensure the continued provision of an essential service or services (such as the federal government's nationalisation of the
Alaska Northern Railroad in 1914 and
Tanana Valley Railroad
The Tanana Valley Railroad (TVRR) was a narrow gauge railroad that operated in the Tanana Valley of Alaska from 1905 to about 1917. A portion of the railroad later became part of the Alaska Railroad.
History
The TVRR was incorporated as the ...
in 1917, now both part of the
Alaska Railroad
Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., ...
, which remained federally-owned until being sold to the state of Alaska in 1985, and, on a larger scale, the nationalisation of all U.S. railroads from 1917 to 1920 under the
United States Railroad Administration
The United States Railroad Administration (USRA) was the name of the nationalisation, nationalized railroad system of the United States between December 28, 1917, and March 1, 1920. It was the largest American experiment with nationalization, and ...
), as well as nationalization of the northeastern freight railroads under
Conrail
Conrail , formally the Consolidated Rail Corporation, was the primary Class I railroad in the Northeastern United States between 1976 and 1999. The trade name Conrail is a portmanteau based on the company's legal name. It continues to do busin ...
(1976).
List of partially or wholly federally owned enterprises
*
Commodity Credit Corporation
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806) ...
(CCC)
*
Corporation for National and Community Service
AmeriCorps (officially the Corporation for National and Community Service or CNCS) is an independent agency of the United States government that engages more than five million Americans in service through a variety of stipended volunteer work prog ...
(AmeriCorps)
*
Corporation for Public Broadcasting
The Corporation for Public Broadcasting (CPB) is an American publicly funded non-profit corporation, created in 1967 to promote and help support public broadcasting. The corporation's mission is to ensure universal access to non-commercial, ...
*
Export-Import Bank of the United States
*
Federal Agricultural Mortgage Corporation
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such ...
*
Farm Credit Banks
*
Federal Crop Insurance Corporation
The Federal Crop Insurance Corporation (FCIC) is a wholly owned government corporation managed by the Risk Management Agency of the United States Department of Agriculture. FCIC manages the federal crop insurance program, which provides U.S. farme ...
(FCIC)
*
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...
(FDIC)
*
Federal Financing Bank
The Federal Financing Bank (FFB) is a United States government corporation created by Congress in 1973 under the general supervision of the Secretary of the Treasury.Federal Financing Bank Act of 1973 (12 USC 2281, the Act) The FFB was establis ...
(FFB)
*
Federal Home Loan Banks
The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to the members of financial institutions to support housing finance and community investment.
Overview
The FHLBank System was ...
*
Federal Home Loan Mortgage Corporation
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.[Federal National Mortgage Association
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the N ...]
(
Fannie Mae
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the N ...
)
*
Federal Prison Industries
Federal Prison Industries, Inc. (FPI), doing business as UNICOR (stylized as unicor) since 1977, is a wholly owned United States government corporation created in 1934 as a prison labor program for inmates within the Federal Bureau of Prisons, a ...
(UNICOR)
*
The Financing Corporation
*
Gallaudet University
Gallaudet University ( ) is a private federally chartered research university in Washington, D.C. for the education of the deaf and hard of hearing. It was founded in 1864 as a grammar school for both deaf and blind children. It was the first sc ...
*
Government National Mortgage Association
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expa ...
(Ginnie Mae)
*
Legal Services Corporation
The Legal Services Corporation (LSC) is a publicly funded, 501(c)(3) non-profit corporation established by the United States Congress. It seeks to ensure equal access to justice under the law for all Americans by providing funding for civil legal ...
*
Millennium Challenge Corporation
The Millennium Challenge Corporation (MCC) is a bilateral United States foreign aid agency established by the U.S. Congress in 2004. It is an independent agency separate from the State Department and USAID. It provides grants to countries that h ...
(MCC)
*
National Cooperative Bank The National Cooperative Bank is a congressionally chartered cooperative bank in the United States created by the National Consumer Cooperative Bank Act of 1978 (Pub.L. 95-351). National Cooperative offers banking products and services to cooperat ...
* National Corporation for Housing Partnerships (NCHP); Washington, D.C.
*
National Credit Union Administration Central Liquidity Facility (CLF)
*
National Endowment for Democracy
The National Endowment for Democracy (NED) is an organization in the United States that was founded in 1983 for promoting democracy in other countries by promoting political and economic institutions such as political groups, trade unions, ...
*
National Fish and Wildlife Foundation
The National Fish and Wildlife Foundation (NFWF) is an American foundation that was chartered by Congress in 1984 to increase the resources available for the conservation of the nation's fish, wildlife, plants and habitats.
Authority
The Natio ...
(NFWF)
*
National Park Foundation
The National Park Foundation (NPF) is the official charity of the National Park Service (NPS) and its national park sites. The NPF was chartered by Congress in 1967 with a charge to "further the conservation of natural, scenic, historic, scientif ...
*
National Railroad Passenger Corporation
The National Railroad Passenger Corporation, doing business as Amtrak () , is the national passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous U.S. States and nine cities in Canada. ...
(
Amtrak
The National Railroad Passenger Corporation, Trade name, doing business as Amtrak () , is the national Passenger train, passenger railroad company of the United States. It operates inter-city rail service in 46 of the 48 contiguous United Stat ...
)
*
Neighborhood Reinvestment Corporation
The Neighborhood Reinvestment Corporation, doing business as NeighborWorks America, is a congressionally chartered nonprofit organization that supports community development in the United States and Puerto Rico. The organization provides grant ...
*
Overseas Private Investment Corporation
The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID ...
* Pennsylvania Avenue Development Corporation; Washington, D.C.
*
Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined b ...
*
St. Lawrence Seaway Development Corporation
The Great Lakes St. Lawrence Seaway Development Corporation (GLS) is an agency of the United States Department of Transportation that operates and maintains the U.S.-owned and operated facilities of the joint United States-Canadian St. Lawrence ...
*
Securities Investor Protection Corporation
The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most US-registere ...
*
Tennessee Valley Authority
The Tennessee Valley Authority (TVA) is a federally owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina ...
(TVA)
*
United States Postal Service
The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the U ...
*
YRC Worldwide
Other types in the United States
States and local governments
There exists a second level of
sovereign
''Sovereign'' is a title which can be applied to the highest leader in various categories. The word is borrowed from Old French , which is ultimately derived from the Latin , meaning 'above'.
The roles of a sovereign vary from monarch, ruler or ...
government in the United States which coexists with the federal government: the individual
states of the United States. The vast majority of non-governmental corporations in the United States are chartered by the states of the United States. This includes most charitable corporations, non-profit corporations, and for-profit corporations. States also have the power to charter corporations that
they own, control, or are responsible for the regulation and finance of. These include
municipal corporation
A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. The term can also be used to describe municipally owne ...
s and state chartered and owned corporations. State government-chartered and -owned corporations are numerous and provide public services. Examples include
North Dakota Mill and Elevator
The North Dakota Mill and Elevator is the largest flour mill in the United States. It is located in the city of Grand Forks, North Dakota. Established by the state government when it was led by Nonpartisan League representatives, it is the only ...
and
South Dakota Public Broadcasting
South Dakota Public Broadcasting (SDPB) is a state network of non-commercial educational station, non-commercial educational television and radio stations serving the U.S. state of South Dakota. The stations are operated by the South Dakota Bureau ...
. Generally speaking, a
statute
A statute is a formal written enactment of a legislative authority that governs the legal entities of a city, state, or country by way of consent. Typically, statutes command or prohibit something, or declare policy. Statutes are rules made by le ...
passed by a
state legislature specifically sets up a government-owned company in order to undertake a specific public purpose with public funds or public property.
Lotteries in the United States
In the United States, lotteries are run by 48 jurisdictions: 45 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Lotteries are subject to the laws of and operated independently by each jurisdiction, and there is no ...
are also run by government corporations, such as the
Georgia Lottery Corporation and many others.
Tribal and indigenous governments
There also exists a third level of
sovereign
''Sovereign'' is a title which can be applied to the highest leader in various categories. The word is borrowed from Old French , which is ultimately derived from the Latin , meaning 'above'.
The roles of a sovereign vary from monarch, ruler or ...
government in the United States: the sovereignty of the
Native American tribal governments. As such, the Native American (including
Alaska Native
Alaska Natives (also known as Alaskan Natives, Native Alaskans, Indigenous Alaskans, Aboriginal Alaskans or First Alaskans) are the indigenous peoples of Alaska and include Iñupiat, Yupik, Aleut, Eyak, Tlingit, Haida, Tsimshian, and a numbe ...
) tribal governments have the power to charter corporations and undertake public undertakings that might benefit their citizens, Native Americans are therefore not only citizens of their particular tribes, but also citizens of their respective U.S. states, and
of the United States. For example, a tribal council could establish a public service broadcaster along the lines of Ireland's
Raidió Teilifís Éireann
Raidi (; ; also written Ragdi; born August, 1938) is a Tibetan politician of the People's Republic of China. He served as a vice chairman of the Standing Committee of the National People's Congress from 2003 to 2008, and the highest ranking Tibeta ...
, partially-fund it with a
television license
A television licence or broadcast receiving licence is a payment required in many countries for the reception of television broadcasts, or the possession of a television set where some broadcasts are funded in full or in part by the licence f ...
on tribal land, and make up the difference through advertising, thereby making it both a means of uniting the tribe and giving it a voice and a commercial venture by the tribe.
The
Alaska Natives
Alaska Natives (also known as Alaskan Natives, Native Alaskans, Indigenous Alaskans, Aboriginal Alaskans or First Alaskans) are the indigenous peoples of Alaska and include Iñupiat, Yupik, Aleut, Eyak, Tlingit, Haida, Tsimshian, and a numbe ...
are particularly advanced in using their tribal sovereignty to incorporate corporations that are owned by and for the benefit of their tribal citizens and often compete in highly competitive economic sectors through the
Alaska Native Regional Corporations
The Alaska Native Regional Corporations were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act (ANCSA) which settled land and financial claims made by the Alaska Natives and provided for the establi ...
. The Native American tribes in the 48 contiguous states often use their sovereignty and their ability to charter to compete using regulatory easements; for instance, Native American tribal corporations often trade in goods that are highly taxed in surrounding states (such as
tobacco
Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the ...
), or engage in activities that surrounding states have (for reasons of public policy) forbidden, such as the operation of
casino
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertai ...
s or other gaming establishments. Most of these endeavors have proven very successful for Native American tribal sovereigns and their tribal corporations, bringing wealth into the hands of Native Americans.
References
Further reading
* This may be a different document than the one cited above.
{{State-owned enterprises by country, North America
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...