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31 U.S.C. § 5315 — Reports on foreign currency transactions
Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 5315
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Source file: Laws/federal/codes/united-states-code-2024/title-31/section-5315-reports-on-foreign-currency-transactions--41f7c71ccc.md
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Source location: USCODE-2024-title31-subtitleIV-chap53-subchapII-sec5315.pdf
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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 words ‘‘including the
amounts of money, credit, or other property involved’’
are omitted as surplus.
In subsection (b), the words ‘‘or a regulation under
this section’’ are added because of the restatement. The
words ‘‘or does not apply’’ and ‘‘uniform’’ in clause (2)
are omitted as surplus. In clause (5), the words ‘‘carry
out’’ are substituted for ‘‘the application of’’ for con-
sistency.
In subsection (c), the words ‘‘produce or otherwise
. . . the contents of’’ and ‘‘in compliance with a sub-
pena or summons duly authorized and issued or . . .
may otherwise be’’ are omitted as surplus. The words
‘‘under a regulation’’ are added because of the restate-
ment.
Statutory Notes and Related Subsidiaries
COMPLIANCE WITH REPORTING REQUIREMENTS
Pub. L. 107–56, title III, § 361(b), Oct. 26, 2001, 115 Stat.
332, provided that: ‘‘The Secretary of the Treasury
shall study methods for improving compliance with the
reporting requirements established in section 5314 of
title 31, United States Code, and shall submit a report
on such study to the Congress by the end of the 6-
month period beginning on the date of enactment of
this Act [Oct. 26, 2001] and each 1-year period there-
after. The initial report shall include historical data on
compliance with such reporting requirements.’’
§ 5315. Reports on foreign currency transactions
(a) Congress finds that—
(1) moving mobile capital can have a signifi-
cant 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 trans-
actions 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)) 1 and section 8 of the
Bretton Woods Agreement Act (22 U.S.C. 286f).
(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), (C)).
(c) The Secretary of the Treasury shall pre-
scribe regulations consistent with subsection (a)
of this section requiring reports on foreign cur-
rency transactions conducted by a United States
person or a foreign person controlled by a
United States person. The regulations shall re-
quire that a report contain information and be
submitted at the time and in the way, with rea-
sonable exceptions and classifications, necessary
to carry out this section.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 997.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
5315(a) .....
31:1141.
Sept. 21, 1973, Pub. L. 93–110,
§§ 201, 202, 87 Stat. 353.
5315(b),
(c).
31:1142.
In subsection (a)(3), the words ‘‘it is desirable to em-
phasize this objective . . . existing legal’’ are omitted
as unnecessary.
In subsection (c), the words ‘‘(hereafter referred to as
the ‘Secretary’)’’ are omitted because of the restate-
ment. The words ‘‘under the authority of this sub-
chapter and any other authority conferred by law’’ are
omitted as surplus. The word ‘‘prescribe’’ is substituted
for ‘‘supplement’’ for clarity. The words ‘‘the state-
ment of findings under’’ and ‘‘the submission of’’ are
omitted as surplus. The words ‘‘Reports required under
this subchapter shall cover foreign currency trans-
actions’’ are omitted because of the restatement. The
words ‘‘such terms are’’ and ‘‘the policy of’’ are omit-
ted as surplus.
Editorial Notes
REFERENCES IN TEXT
Section 5(b) of the Trading With the Enemy Act (50
App. U.S.C. 5(b)), referred to in subsec. (a)(3), is section
5(b) of act Oct. 6, 1917, ch. 106, 40 Stat. 415, which was
editorially transferred and is now classified to section
4305(b) of Title 50, War and National Defense.
§ 5316. Reports on exporting and importing mon-
etary instruments
(a) Except as provided in subsection (c) of this
section, a person or an agent or bailee of the
person shall file a report under subsection (b) of
this section when the person, agent, or bailee
knowingly—
(1) transports, is about to transport, or has
transported, monetary instruments of more
than $10,000 at one time—
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(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
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 78g
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 78g. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 78g
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 78g. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286f
Stored review status: release_metadata_unconfirmed. The source passage cites 22 U.S.C. § 286f. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
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
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 286f
Stored review status: historical_2024_not_currentness_verified. The source passage cites 22 U.S.C. § 286f. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5315
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.