Title 22 — Foreign Relations and Intercourse
Part I · Chapter 32 — Foreign Assistance
§ 2363. Accounting, valuation, reporting, and administration of foreign currencies
Statutory text
Responsibility of Secretary of the Treasury; regulations
Under the direction of the President, the Secretary of the Treasury shall have responsibility for valuation and central accounting with respect to foreign credits (including currencies) owed to or owned by the United States. In order to carry out such responsibility the Secretary shall issue regulations binding upon all agencies of the Government.
Establishment of exchange rates
The Secretary of the Treasury shall have sole authority to establish for all foreign currencies or credits the exchange rates at which such currencies are to be reported by all agencies of the Government.
Repealed. Pub. L. 97–113, title VII, § 734(a)(1), , 95 Stat. 1560
Interest income on foreign currency proceeds; regulations; waiver; report to Congress
In cases where assistance is to be furnished to any recipient country in furtherance of the purposes of this chapter or any other Act on a basis which will result in the accrual of foreign currency proceeds to the United States, the Secretary of the Treasury shall issue regulations requiring that agreements, in respect of such assistance, include provisions for the receipt of interest income on the foreign currency proceeds deposited in authorized depositaries: Provided, That whenever the Secretary of State determines it not to be in the national interest to conclude arrangements for the receipt of interest income he may waive the requirement thereof: Provided further, That the Secretary of State, or his delegate, shall promptly make a complete report to the Congress on each such determination and the reasons therefor.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 87–195 · 75 Stat. 424
Enacted · 22 U.S.C. § 2363
Pub. L. 87–195, pt. III, § 613, Sept. 4, 1961, 75 Stat. 443
Source evidence
Code source credit
Pub. L. 87–195, pt. III, § 613, Sept. 4, 1961, 75 Stat. 443Foreign Assistance Act of 1965
Pub. L. 89–171 · 79 Stat. 653
Added · 22 U.S.C. § 2363(d)
Pub. L. 89–171 added subsec. (d)
Source evidence
Code amendment note
Subsec. (d). Pub. L. 89–171 added subsec. (d).Fiscal Year Adjustment Act
Pub. L. 94–273 § 46 · 90 Stat. 375
Inserted · 22 U.S.C. § 2363(c)
Pub. L. 94–273 inserted provision relating to reports after Dec. 31, 1975
Source evidence
Code amendment note
Subsec. (c). Pub. L. 94–273 inserted provision relating to reports after Dec. 31, 1975.Enacted provision · exact public law section
Sec. 46. Section 613(c) of the Foreign Assistance Act of 1961, as amended (22 U.S.C. 2363(c)) is further amended by inserting at the end thereof the following: “After submission of the reports required to reflect inventories as of December 31, 1975, inventories shall be reported as of September 31), 1976, mid semiannually thereafter,”.Pub. L. 97–113 title VII § 734(a)(1) · 95 Stat. 1519
Struck · 22 U.S.C. § 2363(c)
Pub. L. 97–113 struck out subsec. (c) which provided for semi-annual reports on foreign currencies acquired without payment of dollars by the United States. See section 2394(a)(8) of this title
Source evidence
Code amendment note
Subsec. (c). Pub. L. 97–113 struck out subsec. (c) which provided for semi-annual reports on foreign currencies acquired without payment of dollars by the United States. See section 2394(a)(8) of this title.Enacted provision · exact public law section
(1) The Foreign Assistance Act of 1961: Sections 125(b), 301(b), 301(e)(3), 302(a)(3), 451(b), 481(c)(2), 495D(e), 495H(c)(2), 513, 601(e)(2), 613(c), 620(b), 620(i), 620(m), 640B(g), 657, 659, and 668, and the second sentence of section 542.
2 of 4 references resolved to an enrolled provision · 2 partial
Editorial Notes
References in Text
This chapter, referred to in subsec. (d), was in the original “this Act”, meaning Pub. L. 87–195, , 75 Stat. 424, known as the Foreign Assistance Act of 1961. For complete classification of this Act to the Code, see Short Title note set out under section 2151 of this title and Tables.
Amendments1965–1981 · 3 rounds
1981
Subsec. (c). Pub. L. 97–113 struck out subsec. (c) which provided for semi-annual reports on foreign currencies acquired without payment of dollars by the United States. See section 2394(a)(8) of this title.
1976
Subsec. (c). Pub. L. 94–273 inserted provision relating to reports after .
1965
Subsec. (d). Pub. L. 89–171 added subsec. (d).
Executive Documents
Delegation of Functions
For delegation of functions of President under this section, see Ex. Ord. No. 12163, , 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.
Credits
1961–1981 · 4 acts
- 1961Pub. L. 87–195, pt. III, § 613, , 75 Stat. 443
- 1965Pub. L. 89–171, pt. III, § 301(c), , 79 Stat. 659
- 1976Pub. L. 94–273, § 46, , 90 Stat. 382
- 1981Pub. L. 97–113, title VII, § 734(a)(1), , 95 Stat. 1560.
Show as published
(Pub. L. 87–195, pt. III, § 613, , 75 Stat. 443; Pub. L. 89–171, pt. III, § 301(c), , 79 Stat. 659; Pub. L. 94–273, § 46, , 90 Stat. 382; Pub. L. 97–113, title VII, § 734(a)(1), , 95 Stat. 1560.)