
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 5USC5943]

 
             TITLE 5--GOVERNMENT ORGANIZATION AND EMPLOYEES
 
                           PART III--EMPLOYEES
 
                      Subpart D--Pay and Allowances
 
                         CHAPTER 59--ALLOWANCES
 
                 SUBCHAPTER IV--MISCELLANEOUS ALLOWANCES
 
Sec. 5943. Foreign currency appreciation allowances

    (a) The President, under such regulations as he may prescribe, may 
meet losses sustained by employees and members of the uniformed services 
while serving in a foreign country due to the appreciation of foreign 
currency in its relation to the American dollar. Allowances and 
expenditures under this section are not subject to income taxes.
    (b) Annual appropriations are authorized to carry out subsection (a) 
of this section and to cover any deficiency in the accounts of the 
Secretary of the Treasury, including interest, arising out of the 
arrangement approved by the President on July 27, 1933, for the 
conversion into foreign currency of checks and drafts of employees and 
members of the uniformed services for pay and expenses.
    (c) Payment under subsection (a) of this section may not be made to 
an employee or member of a uniformed service for a period during which 
his check or draft was converted into foreign currency under the 
arrangement referred to by subsection (b) of this section.
    (d) The President shall report annually to Congress all expenditures 
made under this section.

(Pub. L. 89-554, Sept. 6, 1966, 80 Stat. 513; Pub. L. 96-54, 
Sec. 2(a)(37), Aug. 14, 1979, 93 Stat. 383.)

                      Historical and Revision Notes
------------------------------------------------------------------------
                                                    Revised Statutes and
     Derivation                U.S. Code             Statutes at Large
------------------------------------------------------------------------
                     5 U.S.C. 118c.                Mar. 26, 1934, ch.
                                                    87, 48 Stat. 466.
                     ............................  Aug. 14, 1937, ch.
                                                    627, 50 Stat. 641.
                     ............................  Sept. 12, 1950, ch.
                                                    946, Sec.  301(87),
                                                    64 Stat. 843.
------------------------------------------------------------------------

    The section is reorganized and restated for clarity and conciseness.
    In subsection (a), the words ``notwithstanding the provisions of any 
other Act'' are omitted as unnecessary. The words ``Secretary of the 
Treasury'' are substituted for ``Treasurer of the United States'' on 
authority of 1950 Reorg. Plan No. 26 Secs. 1, 2, eff. July 31, 1950, 64 
Stat. 1280. The words ``Provided, That such action as the President may 
take shall be binding upon all executive officers of the Government'' 
are omitted as surplusage.
    Standard changes are made to conform with the definitions applicable 
and the style of this title as outlined in the preface to the report.


                               Amendments

    1979--Subsec. (a). Pub. L. 96-54, Sec. 2(a)(37)(A), struck out 
provision relating to recommendation of the Director of the Bureau of 
the Budget to the President.
    Subsec. (d). Pub. L. 96-54, Sec. 2(a)(37)(B), substituted 
``President'' for ``Director of the Bureau of the Budget''.


                    Effective Date of 1979 Amendment

    Amendment by Pub. L. 96-54 effective July 12, 1979, see section 2(b) 
of Pub. L. 96-54, set out as a note under section 305 of this title.

                         Delegation of Functions

    Authority of President under subsec. (a) of this section to make 
recommendations concerning meeting of losses sustained by employees and 
members of uniformed services while serving in a foreign country due to 
appreciation of foreign currency in its relation to American dollar and 
under subsec. (d) of this section to report annually to Congress on 
expenditures made under subsec. (d) of this section, delegated to 
Secretary of the Treasury, see section 2 of Ex. Ord. No. 11609, July 22, 
1971, 36 F.R. 13747, set out as a note under section 301 of Title 3, The 
President.

                  Section Referred to in Other Sections

    This section is referred to in title 26 section 139.
