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31 U.S.C. § 3343 — Check forgery insurance fund
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Department of the Treasury has a special deposit revolving fund, the “Check Forgery Insurance Fund”. Necessary amounts are hereafter appropriated to the Fund out of any moneys in the Treasury not otherwise appropriated, and shall remain available until expended to make the payments required or authorized under this section. The Fund consists of amounts—
(1) appropriated to the Fund; and
(2) received under subsection (d) of this section.
**(b)** The Secretary of the Treasury shall pay from the Fund to a payee or special endorsee of a check drawn on the Treasury or a depositary designated by the Secretary the amount of the check without interest if in the determination of the Secretary the payee or special endorse 11 So in original. Probably should be “endorsee”. establishes that—
(1) the check was lost or stolen without the fault of the payee or a holder that is a special endorsee and whose endorsement is necessary for further negotiation;
(2) the check was negotiated later and paid by the Secretary or a depositary on a forged endorsement of the payee’s or special endorsee’s name; and
(3) the payee or special endorsee has not participated in any part of the proceeds of the negotiation or payment.
**(c)** Notwithstanding [section 1306 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1306&num=0&edition=prelim), a check drawn on a designated depositary may be paid in the currency of a foreign country when the appropriate accountable official authorizes payment in that currency.
**(d)** The Secretary shall deposit immediately to the credit of the Fund an amount recovered from a forger or a transferee or party on the check. The Secretary may use amounts in the Fund to reimburse payment certifying or authorizing age
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Source file: Laws/federal/codes/united-states-code/title-31/section-3343-check-forgery-insurance-fund--a8a9cd361f.md
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Source location: Title 31, Chapter 33, § 3343; chapter-033-depositing-keeping-and-paying-money.md
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**(a)** The Department of the Treasury has a special deposit revolving fund, the “Check Forgery Insurance Fund”. Necessary amounts are hereafter appropriated to the Fund out of any moneys in the Treasury not otherwise appropriated, and shall remain available until expended to make the payments required or authorized under this section. The Fund consists of amounts—
(1) appropriated to the Fund; and
(2) received under subsection (d) of this section.
**(b)** The Secretary of the Treasury shall pay from the Fund to a payee or special endorsee of a check drawn on the Treasury or a depositary designated by the Secretary the amount of the check without interest if in the determination of the Secretary the payee or special endorse 11 So in original. Probably should be “endorsee”. establishes that—
(1) the check was lost or stolen without the fault of the payee or a holder that is a special endorsee and whose endorsement is necessary for further negotiation;
(2) the check was negotiated later and paid by the Secretary or a depositary on a forged endorsement of the payee’s or special endorsee’s name; and
(3) the payee or special endorsee has not participated in any part of the proceeds of the negotiation or payment.
**(c)** Notwithstanding [section 1306 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section1306&num=0&edition=prelim), a check drawn on a designated depositary may be paid in the currency of a foreign country when the appropriate accountable official authorizes payment in that currency.
**(d)** The Secretary shall deposit immediately to the credit of the Fund an amount recovered from a forger or a transferee or party on the check. The Secretary may use amounts in the Fund to reimburse payment certifying or authorizing agencies for any payment that the Secretary determines would otherwise have been payable from the Fund, and may reimburse certifying or authorizing agencies with amounts recovered because of payee nonentitlement. However, currency of a foreign country recovered because of a forged check drawn on a designated depositary shall be credited to the Fund or to the foreign currency fund that was charged when payment was made under subsection (b) of this section to the payee or special endorsee.
**(e)** The Secretary may waive any provision of this section as may be necessary to ensure that claimants receive timely payments.
**(f)** Under such conditions as the Secretary may prescribe, the Secretary may delegate duties and powers of the Secretary under this section to the head of an agency. Consistent with a delegation from the Secretary under this subsection, the head of an agency may redelegate those duties and powers to officers or employees of the agency.
**(g)** This section does not relieve—
(1) a forger from civil or criminal liability; or
(2) a transferee or party on a check after the forgery from liability—
(A) on the express or implied warranty of prior endorsements of the transferee or party; or
(B) to refund amounts to the Secretary.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—** Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.
**(b) Exception to Reimbursement Requirement.—** Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 1306
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) The Secretary of the Treasury is not liable for a payment made by the Secretary or depositary in due course and without negligence, of—
(A) a check, draft, or warrant drawn on the Treasury or the depositary;
(B) an electronic payment issued by the Treasury or the depositary; and
(C) a debt obligation guaranteed or assumed by the United States Government.
(2) The Comptroller General shall credit the accounts of the Treasury or the depositary for the payment.
(3) The amount of the relief and the amount of any relief granted to an official or agent of the Department of the Treasury under [31 U.S.C. 3527](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3527&num=0&edition=prelim), shall be charged to the Check Forgery Insurance Fund ([31 U.S.C. 3343](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3343&num=0&edition=prelim)). A recovery or repayment of a loss for which replacement is made out of the fund shall be credited to the fund and is available for the purposes for which the fund was established.
**(b)** This section does not relieve another individual from civil or criminal liability for a check, draft, warrant, or debt obligation of the Government.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3333
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Federal law — U.S. Code and appendices · legal_authorities
Page 253
TITLE 31—MONEY AND FINANCE
§ 3343
1 So in original. Probably should be ‘‘endorsee’’.
HISTORICAL AND REVISION NOTES—CONTINUED
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
3342(c)(1)
31:492a(last sen-
tence).
3342(c)(2),
(3).
31:492b.
3342(d) .....
31:492c.
In the section, the words ‘‘disbursing official’’ are
substituted for ‘‘disbursing officers’’ for clarity and
consistency in the revised title.
In subsection (a), the words ‘‘negotiable instruments’’
are substituted for ‘‘checks, drafts, bills of exchange,
and other instruments’’ for clarity and consistency. Be-
fore clause (1), the words ‘‘Subject to regulations pro-
mulgated pursuant to sections 492a–492c of this title’’
are omitted as unnecessary. In clause (3), before sub-
clause (A), the words ‘‘disbursing officers in foreign
countries are also authorized . . . to’’ are omitted be-
cause of the restatement. The word ‘‘Treasury’’ is sub-
stituted for ‘‘Treasurer of the United States’’ because
of the source provisions restated in section 321 of the
revised title and Department of the Treasury Order 229
of January 14, 1974 (39 F.R. 2280). The words ‘‘person
who is’’ are omitted as surplus. In subclause (B), the
word ‘‘payee’’ is substituted for ‘‘person to whose order
they are drawn’’ to eliminate unnecessary words. The
words ‘‘who is a United States citizen’’ are added for
clarity.
Subsection (b), before clause (1), is added because of
the restatement. In clause (2), the words ‘‘the accom-
modation of’’ are omitted as surplus. The word ‘‘per-
sonnel’’ is substituted for ‘‘members of the Armed
Forces and civilian personnel’’ to eliminate unneces-
sary words and for consistency in the revised title and
with other titles of the United States Code. In clause
(3), th
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 3343
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