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31 U.S.C. § 5151

Conversion of currency of foreign countries

United States · Title 31 — MONEY AND FINANCE · Status: effective

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31 U.S.C. § 5151, Conversion of currency of foreign countries, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/467783
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Full text

In this section— If the Secretary has not published a value for the quarter in which the merchandise is exported, or if the value published by the Secretary varies by at least 5 percent from a value measured by the buying rate at noon on the day the merchandise is exported, the conversion of the currency of the foreign country shall be made at a value— The Federal Reserve Bank of New York shall decide the buying rate and certify the rate to the Secretary. The Secretary shall publish the rate at times and to the extent the Secretary considers necessary. In deciding the buying rate, the Bank may— if there is no buying rate, calculate the rate from—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 97-258(H.R. 6128)1982-09-13
    A bill to revise, codify, and enact without substantive change certain general and permanent laws, related to money and finance, as title 31, United States Code, "Money and Finance".
    House: no recorded tallySenate: no recorded tally