31-U.S.C.-5114

§5114 – Engraving and Printing Currency and Security Documents

Pathway

Title 31 > Subtitle IV > Chapter 51 > Subchapter II > Section 5114

Details

• Reference: Section 5114
• Legend: §5114 – Engraving and Printing Currency and Security Documents
• USCode Year: 2013

Provision Content

(a) Authority To Engrave and Print.—

(1) In general.—The Secretary of the Treasury shall engrave and print United States currency and bonds of the United States Government and currency and bonds of United States territories and possessions from intaglio plates on plate printing presses the Secretary selects. However, other security documents and checks may be printed by any process the Secretary selects. Engraving and printing shall be carried out within the Department of the Treasury if the Secretary decides the engraving and printing can be carried out as cheaply, perfectly, and safely as outside the Department.

(2) Engraving and printing for other governments.—The Secretary of the Treasury may produce currency, postage stamps, and other security documents for foreign governments if—

(A) the Secretary of the Treasury determines that such production will not interfere with engraving and printing needs of the United States; and

(B) the Secretary of State determines that such production would be consistent with the foreign policy of the United States.

(3) Procurement guidelines.—Articles, material, and supplies procured for use in the production of currency, postage stamps, and other security documents for foreign governments pursuant to paragraph (2) shall be treated in the same manner as articles, material, and supplies procured for public use within the United States for purposes of title III of the Act of March 3, 1933 (41 U.S.C. 10a et seq.; commonly referred to as the Buy American Act).

(b) United States currency has the inscription In God We Trust in a place the Secretary decides is appropriate. Only the portrait of a deceased individual may appear on United States currency and securities. The name of the individual shall be inscribed below the portrait.

(c) The Secretary may make a contract to manufacture distinctive paper for United States currency and securities. To promote competition among manufacturers of the distinctive paper, the Secretary may split the award for the manufacture of the paper between the 2 bidders with the lowest prices a pound. When the Secretary decides that it is necessary to operate more than one mill to manufacture distinctive paper, the Secretary may—

(1) employ individuals temporarily at rates of pay equivalent to the rates of pay of regular employees; and

(2) charge the pay of the temporary employees to the appropriation available for manufacturing distinctive paper.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 983; Pub. L. 108–458, title VI, §6301(a), Dec. 17, 2004, 118 Stat. 3748; Pub. L. 112–74, div. C, title I, §116, Dec. 23, 2011, 125 Stat. 891.)

In subsection (a), the words The Secretary of the Treasury shall engrave and print are substituted for The work of engraving and printing . . . shall be performed at the Treasury Department in 31:415 because of the source provisions restated in section 321(c) of the revised title. The words United States currency and security documents of the United States Government and currency and bonds of the United States territories and possessions are substituted for the backs and tints of all United States bonds, the backs and tints of all United States paper money, and the backs and tints of bonds and paper money issued by any of the insular possessions of the United States in 31:177 to eliminate unnecessary words and for clarity and consistency in the revised title. The words other security documents and checks are substituted for checks because only currency and bonds must be printed from intaglio plates. The text of 31:177(1st proviso) is omitted as unnecessary because of the authority of the Secretary to engrave and print restated in the subsection and the source provisions restated in section 303 of the revised title. The text of 31:177(last proviso) is omitted as executed. The text of the first and 2d provisos in the 4th paragraph under the heading Engraving and Printing in section 1 of the Act of August 24, 1912 (ch. 355, 37 Stat. 430), is omitted as superseded by 31:177(1st proviso). The words after the semicolon in the 2d paragraph under the heading Bureau of Engraving and Printing of the Act of January 3, 1923 (ch. 22, 42 Stat. 1099), are omitted as executed. The words if the Secretary decides the engraving and printing can be carried out . . . as outside the Department are substituted for provided it can be done there in 31:415 for clarity. The words The Secretary of the Treasury may purchase and provide all the machinery and materials in 31:416 are omitted as being superseded by section 5142 of the revised title. The words and employ such persons and appoint such officers as are necessary for the purpose of section 415 of this title are omitted as unnecessary because of 5:3101. The text of section 3577(words before the semicolon) of the Revised Statutes is omitted as superseded by 31:415.

In subsection (b), the words United States currency has the inscription are substituted for the dies shall bear . . . the inscription in 31:324a for clarity. The words At such time as new dies for the printing of currency are adopted are omitted as executed. The words and thereafter this inscription shall appear on all United States currency and coins are omitted as unnecessary because of the restatement of the source provisions in this subsection and section 5112(d) of the revised title. The words in connection with the current program of the Treasury Department to increase the capacity of presses utilized by the Bureau of Engraving and Printing in the Act of July 11, 1955 (ch. 303, 69 Stat. 290), are omitted as unnecessary. The words Only . . . of a deceased individual are substituted for No . . . while the original of such portrait is living in 31:413 for clarity. The words United States currency and obligations are substituted for bonds, securities, notes, fractional or postal currency of the United States for consistency in the revised title. The words shall be placed upon any of the plates for bonds, securities, notes, and silver certificates of the United States in 31:414 are omitted as unnecessary because of the restatement.

In subsection (c), before clause (1), the words subject to applicable regulations under the Federal Property and Administrative Services Act of 1949, as amended in 31:418 are omitted as unnecessary. The words On and after August 11, 1951 in 31:418a are omitted as executed. The words received after advertisement are omitted as unnecessary because of 41:252. The words the Secretary decides are added for clarity. In clause (1), the words as may be necessary in 31:419 are omitted as surplus. In clause (2), the word pay is substituted for compensation for consistency in the revised subsection and with other titles of the United States Code.

References in Text

Title III of the Act of March 3, 1933, referred to in subsec. (a)(3), is title III of act Mar. 3, 1933, ch. 212, 47 Stat. 1520, known as the Buy American Act, which was classified generally to sections 10a, 10b, and 10c of former Title 41, Public Contracts, and was substantially repealed and restated in chapter 83 (§8301 et seq.) of Title 41, Public Contracts, by Pub. L. 111–350, §§3, 7(b), Jan. 4, 2011, 124 Stat. 3677, 3855. For complete classification of this Act to the Code, see Short Title of 1933 Act note set out under section 101 of Title 41 and Tables. For disposition of sections of former Title 41, see Disposition Table preceding section 101 of Title 41.

Amendments

2011—Subsec. (c). Pub. L. 112–74 struck out for a period of not more than 4 years after make a contract in introductory provisions.

2004—Subsec. (a). Pub. L. 108–458 inserted subsec. heading, designated existing provisions as par. (1), inserted par. heading, and added pars. (2) and (3).

Prohibition on Use of Funds for Manufacture of Distinctive Paper for Currency and Securities by Foreign Owned Corporations or Outside United States; Exception

Pub. L. 100–440, title VI, §617(a), Sept. 22, 1988, 102 Stat. 1755, provided that: None of the funds made available by this or any other Act with respect to any fiscal year may be used to make a contract for the manufacture of distinctive paper for United States currency and securities pursuant to section 5114 of title 31, United States Code, with any corporation or other entity owned or controlled by persons not citizens of the United States, or for the manufacture of such distinctive paper outside of the United States or its possessions. This subsection shall not apply if the Secretary of the Treasury determines that no domestic manufacturer of distinctive paper for United States currency or securities exists with which to make a contract and if the Secretary of the Treasury publishes in the Federal Register a written finding stating the basis for the determination.

Similar provisions were contained in the following prior appropriation act:

Pub. L. 100–202, §101(m) [title VI, §622(a)], Dec. 22, 1987, 101 Stat. 1329–390, 1329–428.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-1553 in the Legal Encyclopedia: Money

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