
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC7001]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                Subtitle F--Procedure and Administration
 
                 CHAPTER 72--LICENSING AND REGISTRATION
 
                         Subchapter A--Licensing
 
Sec. 7001. Collection of foreign items


(a) License

    All persons undertaking as a matter of business or for profit the 
collection of foreign payments of interest or dividends by means of 
coupons, checks, or bills of exchange shall obtain a license from the 
Secretary and shall be subject to such regulations enabling the 
Government to obtain the information required under subtitle A (relating 
to income taxes) as the Secretary shall prescribe.

(b) Penalty for failure to obtain license

            For penalty for failure to obtain the license provided for 
        in this section, see section 7231.

(Aug. 16, 1954, ch. 736, 68A Stat. 845; Pub. L. 94-455, title XIX, 
Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)


                               Amendments

    1976--Subsec. (a). Pub. L. 94-455 struck out ``or his delegate'' 
after ``Secretary'' wherever appearing.

                  Section Referred to in Other Sections

    This section is referred to in section 7231 of this title.
