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republic-os/legal/us/code/title-18/chapter-93/section-1903.md
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Fabio 76b8ec33a7 Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

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

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---
type: "LegalText"
title: "18 U.S.C. § 1903"
description: "Speculation in stocks or commodities affecting crop insurance"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 18
title_name: "CRIMES AND CRIMINAL PROCEDURE"
chapter_number: "93"
chapter_name: "PUBLIC OFFICERS AND EMPLOYEES"
section: "1903"
citation: "18 U.S.C. § 1903"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc18@119-100.zip"
source_identifier: "/us/usc/t18/s1903"
source_file: "data/legal/raw/us/code/title-18/usc18.xml"
source_hash: "400695b083809961a09c764a25f13cd4134fbade31c689c55a4c39d746cad4ab"
raw_snapshot_hash: "1a1bbbbdb59e376ada4eb7ad1056fd68d396679ee7ab59f0561af15006122708"
text_hash: "9d3451525497896f466239b6f7a43d747c1613301e63e171b88866ded3a20db4"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 18 U.S.C. § 1903 - Speculation in stocks or commodities affecting crop insurance
## Text
Whoever, while acting in any official capacity in the administration of any Act of Congress relating to crop insurance or to the Federal Crop Insurance Corporation speculates in any agricultural commodity or product thereof, to which such enactments apply, or in contracts relating thereto, or in the stock or membership interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product, shall be fined under this title or imprisoned not more than two years, or both.
(June 25, 1948, ch. 645, 62 Stat. 790; Pub. L. 103322, title XXXIII, § 330016(1)(L), Sept. 13, 1994, 108 Stat. 2147.)
## Notes
Historical and Revision NotesBased on section 1514(b) of title 7, U.S.C., 1940 ed., Agriculture (Feb. 16, 1938, ch. 30, title V, § 514(b), 52 Stat. 76). Words “upon conviction thereof” were omitted as surplusage since punishment can be imposed only after a conviction. Minor changes were made in phraseology and translations.
Editorial Notes
Amendments1994—Pub. L. 103322 substituted “fined under this title” for “fined not more than $10,000”.