
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: 31USC5114]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE IV--MONEY
 
                     CHAPTER 51--COINS AND CURRENCY
 
                    SUBCHAPTER II--GENERAL AUTHORITY
 
Sec. 5114. Engraving and printing currency and security 
        documents
        
    (a) 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.
    (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 for a period of not more than 
4 years 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.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
5114(a)..............................  31:177.                         Aug. 24,
 1912, ch. 355, Sec.  1(4th par.
                                                                        under h
eading ``Engraving and
                                                                        Printin
g''), 37 Stat. 430.
                                       ..............................  Jan. 3, 
1923, ch. 22(2d par. under
                                                                        heading
 ``Bureau of Engraving and
                                                                        Printin
g''), 42 Stat. 1099.
                                       31:415.                         Mar. 3, 
1877, ch. 105(provisos in par.
                                                                        under h
eading ``Bureau of Engraving and
                                                                        Printin
g''), 19 Stat. 353.
                                       31:416.                         R.S. Sec
.  3577.
5114(b)..............................  31:324a.                        July 11,
 1955, ch. 303, 69 Stat. 290.
                                       31:413.                         R.S. Sec
.  3576.
                                       31:414.                         Mar. 2, 
1889, ch. 411, Sec.  1(5th
                                                                        proviso
 under heading ``Engraving and
                                                                        Printin
g''), 25 Stat. 945.
5114(c)..............................  31:418.                         July 1, 
1916, ch. 209, Sec.  1(2d par. on
                                                                        p. 277)
, 39 Stat. 277; Oct. 31, 1951,
                                                                        ch. 654
, Sec.  2(19), 65 Stat. 707.
                                       31:418a.                        Aug. 11,
 1951, ch. 301, Sec.  101(proviso
                                                                        under h
eading ``Bureau of Engraving and
                                                                        Printin
g''), 65 Stat. 184.
                                       31:419.                         Apr. 4, 
1924, ch. 84(1st par. on p. 69),
                                                                        43 Stat
. 69.
-------------------------------------------------------------------------------
---------------------------------

    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.


  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, Sec. 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, Sec. 101(m) [title VI, Sec. 622(a)], Dec. 22, 1987, 
101 Stat. 1329-390, 1329-428.
