
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC721]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                CHAPTER 15--GOVERNMENT LOSSES IN SHIPMENT
 
Sec. 721. Rules and regulations for shipment of valuables

    As soon as practicable after July 8, 1937 the Secretary of the 
Treasury and the United States Postal Service shall, jointly, with the 
approval of the President, prescribe regulations governing the shipment 
of valuables by the executive departments, independent establishments, 
agencies, wholly owned corporations, officers, and employees of the 
United States, with a view to minimizing risks of loss and destruction 
of, and damage to, such valuables in shipment. After the effective date 
of such regulations, which shall be not more than thirty days after 
their issuance, it shall be the duty of every such executive department, 
independent establishment, agency, wholly owned corporation, officer, 
and employee, and of every person acting for him or it, or at his or its 
direction, to comply with such regulations in making any shipment of 
valuables.

(July 8, 1937, ch. 444, Sec. 1, 50 Stat. 479; Pub. L. 91-375, Sec. 4(a), 
Aug. 12, 1970, 84 Stat. 773.)

                          Codification

    Section was formerly classified to section 134 of Title 5 prior to 
the general revision and enactment of Title 5, Government Organization 
and Employees, by Pub. L. 89-554, Sec. 1, Sept. 6, 1966, 80 Stat. 378.


                             Effective Date

    Section 11 of act of July 8, 1937, previously set out as section 
134h of former Title 5, Executive Departments and Government Officers 
and Employees, provided that: ``This Act [see Short Title note below] 
shall become effective on July 1, 1937.''


                               Short Title

    Section 10 of act of July 8, 1937, previously set out as section 
134g of former Title 5, Executive Departments and Government Officers 
and Employees, provided that: ``This Act [enacting this chapter and 
section 738a of former Title 31, Money and Finance, amending section 528 
of former Title 31, and repealing sections 735-738 of former Title 31, 
and enacting provisions set out as a note under this section] may be 
cited as the `Government Losses in Shipment Act'.''

                          Transfer of Functions

    ``United States Postal Service'' substituted in text for 
``Postmaster General'' pursuant to Pub. L. 91-375, Sec. 4(a), Aug. 12, 
1970, 84 Stat. 773, set out as a note under section 201 of Title 39, 
Postal Service, which abolished office of Postmaster General of Post 
Office Department and transferred its functions to United States Postal 
Service.

                         Delegation of Functions

    Power of Secretary of the Treasury and Postmaster General [now 
United States Postal Service] to prescribe, without approval of 
President, regulations under this section, see section 3(a) of Ex. Ord. 
No. 10289, Sept. 17, 1951, 16 F.R. 9499, set out as a note under section 
301 of Title 3, The President.


                            Cross References

    Insurance of war risks except as provided in this section, see 
section 1285 of Title 46, Appendix, Shipping.

                  Section Referred to in Other Sections

    This section is referred to in sections 722, 722a, 723, 726, 727 of 
this title; title 46 App. section 1285; title 49 section 44305.
