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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 22 U.S.C. § 5495 Certain uses of excess foreign currencies us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 63 SUPPORT FOR EAST EUROPEAN DEMOCRACY (SEED) 5495 22 U.S.C. § 5495 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s5495 data/legal/raw/us/code/title-22/usc22.xml ff5feded80838f6773aa9ad7be84d1c7495ccac9358ccb800fd551167756de17 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 fd795a77f1b67f9fbaee30a56c751bbcd0336def32b010b88927e716ebe748dc 2026-07-04 official
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22 U.S.C. § 5495 - Certain uses of excess foreign currencies

Text

(a) Authority to use During fiscal year 1990, the Administrator of the Agency for International Development may use, for the purposes described in subsection (b), such sums of foreign currencies described in subsection (c) as the Administrator may determine, subject to subsection (f).

(b) Purposes for which currency may be used Foreign currencies may be used under this section—

(1) for the same purposes for which assistance may be provided under part I of the Foreign Assistance Act of 1961 (22 U.S.C. 2151 and following; relating to economic assistance), and

(2) for the support of any institution providing education for a significant number of United States nationals (who may include members of the United States Armed Forces or the Foreign Service or dependents of such members).

(c) Currencies which may be used The foreign currencies which may be used under this section are United States-owned excess foreign currencies that are in excess of amounts necessary for satisfaction of preexisting commitments to use such currencies for other purposes specified by law.

(d) Where currencies may be used Foreign currencies may be used under this section in the country where such currencies are held or in other foreign countries.

(e) Nonapplicability of other provisions of law Foreign currencies may be used under this section notwithstanding section 1306 of title 31 or any other provision of law.

(f) Requirement for appropriations action The authority of this section may be exercised only to such extent or in such amount as may be provided in advance in an appropriation Act.

(Pub. L. 101179, title VIII, § 805, Nov. 28, 1989, 103 Stat. 1323.)

Notes

Editorial Notes

References in TextThe Foreign Assistance Act of 1961, referred to in subsec. (b)(1), is Pub. L. 87195, Sept. 4, 1961, 75 Stat. 424. Part I of the Act is classified generally to subchapter I (§ 2151 et seq.) of chapter 32 of this title. For provisions deeming references to subchapter I to include parts IV (§ 2346 et seq.), VI (§ 2348 et seq.), and VIII (§ 2349aa et seq.) of subchapter II of chapter 32, see section 202(b) of Pub. L. 92226, set out as a note under section 2346 of this title, and sections 2348c and 2349aa5 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2151 of this title and Tables.