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31 U.S.C. § 5315 — Reports on foreign currency transactions

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5315 — Reports on foreign currency transactions

**(a)** Congress finds that— (1) moving mobile capital can have a significant impact on the proper functioning of the international monetary system; (2) it is important to have the most feasible current and complete information on the kind and source of capital flows, including transactions by large United States businesses and their foreign affiliates; and (3) additional authority should be provided to collect information on capital flows under section 5(b) of the Trading With the Enemy Act (50 App. U.S.C. 5(b)) 11 See References in Text note below. and section 8 of the Bretton Woods Agreement Act ([22 U.S.C. 286f](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286f&num=0&edition=prelim)). **(b)** In this section, “United States person” and “foreign person controlled by a United States person” have the same meanings given those terms in section 7(f)(2)(A) and (C), respectively, of the Securities and Exchange Act of 1934 ([15 U.S.C. 78g(f)(2)(A)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section78g/f/2/A&num=0&edition=prelim), (C)). **(c)** The Secretary of the Treasury shall prescribe regulations consistent with subsection (a) of this section requiring reports on foreign currency transactions conducted by a United States person or a foreign person controlled by a United States person. The regulations shall require that a report contain information and be submitted at the time and in the way, with reasonable exceptions and classifications, necessary to carry out this section.

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Source location: Title 31, Chapter 53, § 5315; chapter-053-monetary-transactions.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286f — Additional increases in resources of the Fund for Special Operations

**(a) Authorization of vote; payment to Fund** The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of $1,200,000,000 in Resources of Fund for Special Operations” proposed by the Governors at their annual meeting in April 1967 and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States, to pay to the Fund for Special Operations of the Bank, the sum of $900,000,000, in accordance with and subject to the terms and conditions of such resolution, and subject to the further condition that in consideration of the United States balance-of-payments deficit any local cost financing, by project or otherwise, with the funds authorized under this section to be held to the minimum possible level. The United States Governor is also authorized to vote in favor of the amendment to Annex C of the agreement, now pending before the Board of Governors of the Bank, to modify the procedure employed in the election of Executive Directors. **(b) Authorization of appropriations** There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $900,000,000. **(c) Loan disapproval by the United States** The voting power of the United States shall be exercised for the purpose of disapproving any loan which might assist the recipient country directly or indirectly to acquire sophisticated or heavy military equipment.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5313 — Reports on domestic coins and currency transactions

**(a)** When a domestic financial institution is involved in a transaction for the payment, receipt, or transfer of United States coins or currency (or other monetary instruments the Secretary of the Treasury prescribes), in an amount, denomination, or amount and denomination, or under circumstances the Secretary prescribes by regulation, the institution and any other participant in the transaction the Secretary may prescribe shall file a report on the transaction at the time and in the way the Secretary prescribes. A participant acting for another person shall make the report as the agent or bailee of the person and identify the person for whom the transaction is being made. **(b)** The Secretary may designate a domestic financial institution as an agent of the United States Government to receive a report under this section. However, the Secretary may designate a domestic financial institution that is not insured, chartered, examined, or registered as a domestic financial institution only if the institution consents. The Secretary may suspend or revoke a designation for a violation of this subchapter or a regulation under this subchapter (except a violation of [section 5315 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5315&num=0&edition=prelim) or a regulation prescribed under section 5315), section 411 11 See References in Text note below. of the National Housing Act ([12 U.S.C. 1730d](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1730d&num=0&edition=prelim)), or section 21 of the Federal Deposit Insurance Act ([12 U.S.C. 1829b](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1829b&num=0&edition=prelim)). **(c)** (1) A person (except a domestic financial institut

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5318 — Compliance, exemptions, and summons authority

**(a) General Powers of Secretary.—** The Secretary of the Treasury may (except under [section 5315 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5315&num=0&edition=prelim) and regulations prescribed under section 5315)— (1) except as provided in subsections (b)(2) and (h)(4), delegate duties and powers under this subchapter to an appropriate supervising agency and the United States Postal Service; (2) require a class of domestic financial institutions or nonfinancial trades or businesses to maintain appropriate procedures, including the collection and reporting of certain information as the Secretary of the Treasury may prescribe by regulation, to ensure compliance with this subchapter and regulations prescribed under this subchapter or to guard against money laundering, the financing of terrorism, or other forms of illicit finance; (3) examine any books, papers, records, or other data of domestic financial institutions or nonfinancial trades or businesses relevant to the recordkeeping or reporting requirements of this subchapter; (4) summon a financial institution or nonfinancial trade or business, an officer or employee of a financial institution or nonfinancial trade or business (including a former officer or employee), or any person having possession, custody, or care of the reports and records required under this subchapter, to appear before the Secretary of the Treasury or his delegate at a time and place named in the summons and to produce such books, papers, records, or other data, and to give testimony, under oath, as may be relevant or material to an investigation described in subsection (b); (5) exempt from the requirements of this subchapter any class of transactions within any State if the Secretary determi

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5321 — Civil penalties

**(a)** (1) A domestic financial institution or nonfinancial trade or business, and a partner, director, officer, or employee of a domestic financial institution or nonfinancial trade or business, willfully violating this subchapter or a regulation prescribed or order issued under this subchapter (except sections 5314, 5315, and 5336 of this title or a regulation prescribed under sections 5314, 5315, and 5336), or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508, is liable to the United States Government for a civil penalty of not more than the greater of the amount (not to exceed $100,000) involved in the transaction (if any) or $25,000. For a violation of [section 5318(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318/a/2&num=0&edition=prelim) or a regulation prescribed under section 5318(a)(2), a separate violation occurs for each day the violation continues and at each office, branch, or place of business at which a violation occurs or continues. (2) The Secretary of the Treasury may impose an additional civil penalty on a person not filing a report, or filing a report containing a material omission or misstatement, under [section 5316 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5316&num=0&edition=prelim) or a regulation prescribed under section 5316. A civil penalty under this paragraph may not be more than the amount of the monetary instrument for which the report was required. A civil penalty under this paragraph is reduced by an amount forfeited under [section 5317(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5317/b&num=0&edition=p

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5322 — Criminal penalties

**(a)** A person willfully violating this subchapter or a regulation prescribed or order issued under this subchapter (except section 5315, 5324, or 5336 of this title or a regulation prescribed under section 5315, 5324, or 5336), or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508, shall be fined not more than $250,000, or imprisoned for not more than five years, or both. **(b)** A person willfully violating this subchapter or a regulation prescribed or order issued under this subchapter (except section 5315, 5324, or 5336 of this title or a regulation prescribed under section 5315, 5324, or 5336), or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508, while violating another law of the United States or as part of a pattern of any illegal activity involving more than $100,000 in a 12-month period, shall be fined not more than $500,000, imprisoned for not more than 10 years, or both. **(c)** For a violation of [section 5318(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section5318/a/2&num=0&edition=prelim) or a regulation prescribed under section 5318(a)(2), a separate violation occurs for each day the violation continues and at each office, branch, or place of business at which a violation occurs or continues. **(d)** A financial institution or agency that violates any provision of subsection (i) or (j) of section 5318, or any special measures imposed under section 5318A, or any regulation prescribed under subsection (i) or (j) of section 5318 or section 5318A, shall be fined in an amount equal to not less than 2 times the amount of the transaction, but not

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 78g — Margin requirements

**(a) Rules and regulations for extension of credit; standard for initial extension; undermargined accounts** For the purpose of preventing the excessive use of credit for the purchase or carrying of securities, the Board of Governors of the Federal Reserve System shall, prior to October 1, 1934, and from time to time thereafter, prescribe rules and regulations with respect to the amount of credit that may be initially extended and subsequently maintained on any security (other than an exempted security or a security futures product). For the initial extension of credit, such rules and regulations shall be based upon the following standard: An amount not greater than whichever is the higher of— (1) 55 per centum of the current market price of the security, or (2) 100 per centum of the lowest market price of the security during the preceding thirty-six calendar months, but not more than 75 per centum of the current market price. Such rules and regulations may make appropriate provision with respect to the carrying of undermargined accounts for limited periods and under specified conditions; the withdrawal of funds or securities; the substitution or additional purchases of securities; the transfer of accounts from one lender to another; special or different margin requirements for delayed deliveries, short sales, arbitrage transactions, and securities to which paragraph (2) of this subsection does not apply; the bases and the methods to be used in calculating loans, and margins and market prices; and similar administrative adjustments and details. For the purposes of paragraph (2) of this subsection, until July 1, 1936, the lowest price at which a security has sold on or after July 1, 1933, shall be considered as the lowest price at which such security has sold during t

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 78g — Margin requirements

Page 262 TITLE 15—COMMERCE AND TRADE § 78g fees to be charged by its members for transacting busi- ness on the exchange, and empowered the Commission to regulate any broker or dealer who effects trans- actions on an exchange on a regular basis but who is not a member of that exchange and any person who ef- fects transactions on an exchange without the services of another person acting as broker. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by section 957 of Pub. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as an Effective Date note under section 5301 of Title 12, Banks and Banking. Amendment by sections 721(e)(8) and 734(b)(2) of Pub. L. 111–203 effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Pub. L. 111–203 requires a rule- making, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 of Pub. L. 111–203, set out as a note under section 1a of Title 7, Agriculture. Amendment by section 763(e) of Pub. L. 111–203 effec- tive on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle B (§§ 761–774) of title VII of Pub. L. 111–203 requires a rulemaking, not less than 60 days after publication of the final rule or regu- lation implementing such provision of subtitle B, see section 774 of Pub. L. 111–203, set out as a note under section 77b of this title. EFFECTIVE DATE OF 1993 AMENDMENT Pub. L. 103–202, title III, § 304, Dec. 17, 1993, 107 Stat. 2367, provided that: ‘‘(a) EFFECTIVE DATE.— ‘‘(1) IN GENERAL.—The amendments made by section 303 [amending th

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286f — Obtaining and furnishing information to

Page 181 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 286f Loan Account of the Trust that have been used for the purpose of financing programs to Fund members previously in arrears to the Fund. (July 31, 1945, ch. 339, § 58, as added Pub. L. 102–511, title X, § 1001, Oct. 24, 1992, 106 Stat. 3357.) § 286f. Obtaining and furnishing information to the Fund (a) Required disclosure Whenever a request is made by the Fund to the United States as a member to furnish data under article VIII, section 5, of the Articles of Agreement of the Fund, the President may, through any agency he may designate, require any person to furnish such information as the President may determine to be essential to com- ply with such request. In making such deter- mination the President shall seek to collect the information only in such detail as is necessary to comply with the request of the Fund. No in- formation so acquired shall be furnished to the Fund in such detail that the affairs of any per- son are disclosed. (b) Penalty for refusal In the event any person refuses to furnish such information when requested to do so, the Presi- dent, through any designated governmental agency, may by subpoena require such person to appear and testify or to appear and produce records and other documents, or both. In case of contumacy by, or refusal to obey a subpoena served upon any such person, the district court for any district in which such person is found or resides or transacts business, upon application by the President or any governmental agency designated by him, shall have jurisdiction to issue an order requiring such person to appear and give testimony or appear and produce records and documents, or both; and any failure to obey such order of the court may be pun

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 5315 — Reports on foreign currency transactions

Page 450 TITLE 31—MONEY AND FINANCE § 5315 1 See References in Text note below. (2) a foreign country to which a requirement or a regulation under this section applies if the Secretary decides applying the require- ment or regulation to all foreign countries is unnecessary or undesirable; (3) the magnitude of transactions subject to a requirement or a regulation under this sec- tion; (4) the kind of transaction subject to or ex- empt from a requirement or a regulation under this section; and (5) other matters the Secretary considers necessary to carry out this section or a regula- tion under this section. (c) A person shall be required to disclose a record required to be kept under this section or under a regulation under this section only as re- quired by law. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 997.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 5314(a) ..... 31:1121(a). Oct. 26, 1970, Pub. L. 91–508, §§ 241, 242, 84 Stat. 1124. 5314(b) ..... 31:1122. 5314(c) ..... 31:1121(b). In subsection (a), before clause (1), the words ‘‘cur- rency or other’’, ‘‘legitimately’’, ‘‘by regulation’’, and ‘‘directly or indirectly’’ are omitted as surplus. The words ‘‘for any person’’ are substituted for ‘‘on behalf of himself or another’’ to eliminate unnecessary words. The words ‘‘and to the extent’’ are substituted for ‘‘and in such detail’’ for clarity. In clauses (1) and (2), the words ‘‘participants’’ and ‘‘participant’’ are substituted for ‘‘parties’’ for consistency. In clause (2), the words ‘‘to the transaction or relationship’’ are omitted as sur- plus. In clause (3), the words ‘‘if one or more of the par- ties are not acting solely as principals’’ are omitted as surplus. In clause (4), the wor

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