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2026-07-06 09:52:37 -04:00

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LegalText 5 U.S.C. § 5943 Foreign currency appreciation allowances us united_states_code code_section 5 GOVERNMENT ORGANIZATION AND EMPLOYEES 59 ALLOWANCES 5943 5 U.S.C. § 5943 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc05@119-100.zip /us/usc/t5/s5943 data/legal/raw/us/code/title-05/usc05.xml 83cc932a3085b4d30750b4bbd2c751d48d1eed15e8a5cc25308458e932142df1 719fdb18e7085aede50e1e97c1c129fa6058e2c5c12b3d77a9b9044b1769e540 d996377f7296d9e58caebf4ca5f225933e482584bea6e72801f469e7a0003dbe 2026-07-04 official
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5 U.S.C. § 5943 - Foreign currency appreciation allowances

Text

(a) The President, under such regulations as he may prescribe, may meet losses sustained by employees and members of the uniformed services while serving in a foreign country due to the appreciation of foreign currency in its relation to the American dollar. Allowances and expenditures under this section are not subject to income taxes.

(b) Annual appropriations are authorized to carry out subsection (a) of this section and to cover any deficiency in the accounts of the Secretary of the Treasury, including interest, arising out of the arrangement approved by the President on July 27, 1933, for the conversion into foreign currency of checks and drafts of employees and members of the uniformed services for pay and expenses.

(c) Payment under subsection (a) of this section may not be made to an employee or member of a uniformed service for a period during which his check or draft was converted into foreign currency under the arrangement referred to by subsection (b) of this section.

(d) The President shall report annually to Congress all expenditures made under this section.

(Pub. L. 89554, Sept. 6, 1966, 80 Stat. 513; Pub. L. 9654, § 2(a)(37), Aug. 14, 1979, 93 Stat. 383.)

Notes

Historical and Revision Notes DerivationU.S. CodeRevised Statutes andStatutes at Large  5 U.S.C. 118c.Mar. 26, 1934, ch. 87, 48 Stat. 466.   Aug. 14, 1937, ch. 627, 50 Stat. 641.   Sept. 12, 1950, ch. 946, § 301(87), 64 Stat. 843. The section is reorganized and restated for clarity and conciseness. In subsection (a), the words “notwithstanding the provisions of any other Act” are omitted as unnecessary. The words “Secretary of the Treasury” are substituted for “Treasurer of the United States” on authority of 1950 Reorg. Plan No. 26 §§ 1, 2, eff. July 31, 1950, 64 Stat. 1280. The words “Provided, That such action as the President may take shall be binding upon all executive officers of the Government” are omitted as surplusage. Standard changes are made to conform with the definitions applicable and the style of this title as outlined in the preface to the report.

Editorial Notes

Amendments1979—Subsec. (a). Pub. L. 9654, § 2(a)(37)(A), struck out provision relating to recommendation of the Director of the Bureau of the Budget to the President. Subsec. (d). Pub. L. 9654, § 2(a)(37)(B), substituted “President” for “Director of the Bureau of the Budget”.

Statutory Notes and Related Subsidiaries

Effective Date of 1979 AmendmentAmendment by Pub. L. 9654 effective July 12, 1979, see section 2(b) of Pub. L. 9654, set out as a note under section 305 of this title.

Executive Documents

Delegation of Functions Authority of President under subsec. (a) of this section to make recommendations concerning meeting of losses sustained by employees and members of uniformed services while serving in a foreign country due to appreciation of foreign currency in its relation to American dollar and under subsec. (d) of this section to report annually to Congress on expenditures made under subsec. (d) of this section, delegated to Secretary of the Treasury, see section 2 of Ex. Ord. No. 11609, July 22, 1971, 36 F.R. 13747, set out as a note under section 301 of Title 3, The President.