Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3121&num=0&edition=prelim
Timestamp: 2020-08-09 06:21:26
Document Index: 217512339

Matched Legal Cases: ['§ 3121', '§1', '§201', '§502', '§1', '§1', '§18', '§1', '§4', '§5', '§20', '§14', '§3', '§1', '§27', '§4', '§2', '§28', '§310', '§301', '§407', '§3101', '§502', '§502', '§4', '§2', '§202', '§203', '§1601']

[USC02] 31 USC 3121: Procedure
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31 USC 3121: Procedure Text contains those laws in effect on August 8, 2020
(a) In issuing obligations under sections 3102–3104 of this title, the Secretary of the Treasury may prescribe-
(g)(1) In this subsection, "registration-required obligation" means an obligation except an obligation-
(5) As used in this subsection-
( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 944 ; Pub. L. 97–452, §1(9), Jan. 12, 1983, 96 Stat. 2468 ; Pub. L. 99–571, title II, §201(a), Oct. 28, 1986, 100 Stat. 3222 ; Pub. L. 111–147, title V, §502(d), Mar. 18, 2010, 124 Stat. 108 .)
3121(a) 31:752(2d par. related to form of bonds). Sept. 24, 1917, ch. 56, §1(2d par. related to form of bonds), 40 Stat. 288 ; restated Apr. 4, 1918, ch. 44, §1, 40 Stat. 503 .
31:753(a)(related to form of notes, certificates of indebtedness, and Treasury bills). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §18(a)(related to form of notes, certificates of indebtedness, and Treasury bills); added Mar. 3, 1919, ch. 100, §1, 40 Stat. 1310 ; restated Feb. 4, 1935, ch. 5, §4, 49 Stat. 20 .
31:754(a)(related to form of certificates of indebtedness and Treasury bills). Sept. 24, 1917, ch. 56, §5(a)(related to form of certificates of indebtedness and Treasury bills, finality), 40 Stat. 290 ; restated June 17, 1929, ch. 26, 46 Stat. 20 .
31:754b(a)(less last 12 words). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §20; added Jan. 30, 1934, ch. 6, §14(a)(4), 48 Stat 343; restated Mar. 28, 1942, ch. 205, §3, 56 Stat. 189 .
31:768(words after semicolon). Feb. 4, 1910, ch. 25, §1(words after semicolon), 36 Stat. 192 .
3121(b)(2) 31:757c–4. Sept. 24, 1917, ch. 56, 40 Stat. 288 , §27; added Mar. 17, 1971, Pub. L. 92–5, §4(b), 85 Stat. 5 .
3121(f) 31:772a. June 1, 1955, ch. 119, §2, 69 Stat. 82 .
3121(g) 31 App.:757c–5. Sept. 24, 1917, ch. 56, 40 Stat. 288 , §28; added Sept. 3, 1982, Pub. L. 97–248, §310(a), 96 Stat. 595 .
Section 5(d)(2) or 5(d)(3) of the Home Owners' Loan Act of 1933, referred to in subsec. (h)(2), is classified to section 1464(d)(2), (3) of Title 12, but was amended generally by Pub. L. 101–73, title III, §301, Aug. 9, 1989, 103 Stat. 282 , and no longer relates to issuance of orders. See section 1464(d)(1) of Title 12.
Section 407 of the National Housing Act, referred to in subsec. (h)(2), which was classified to section 1730 of Title 12, was repealed by Pub. L. 101–73, title IV, §407, Aug. 9, 1989, 103 Stat. 363 .
The International Banking Act of 1978, referred to in subsec. (h)(5)(A), is Pub. L. 95–369, Sept. 17, 1978, 92 Stat. 607 , which enacted chapter 32 (§3101 et seq.) and sections 347d and 611a of Title 12, Banks and Banking, amended sections 72, 378, 614, 615, 618, 619, 1813, 1815, 1817, 1818, 1820, 1821, 1822, 1823, 1828, 1829b, 1831b, and 1841 of Title 12, and enacted provisions set out as notes under sections 36, 247, 601, 611a, and 3101 of Title 12. For complete classification of this Act to the Code, see Short Title note set out under section 3101 of Title 12 and Tables.
2010-Subsec. (g)(1). Pub. L. 111–147, §502(d)(2), inserted "or" at end of subpar. (A), substituted period for "; or" in subpar. (B), and struck out subpar. (C) which read as follows: "described in paragraph (2) of this subsection."
Subsec. (g)(2) to (4). Pub. L. 111–147, §502(d)(1), redesignated pars. (3) and (4) as (2) and (3), respectively, and struck out former par. (2) which read as follows: "An obligation is not a registration-required obligation if-
"(B) for an obligation not in registered form-
1986-Subsec. (h). Pub. L. 99–571 added subsec. (h).
1983-Subsec. (g). Pub. L. 97–452 added subsec. (g).
Pub. L. 98–216, §4(a), (b), Feb. 14, 1984, 98 Stat. 6 , 7, as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095 , provided that:
"(2) The amendment made by section 1(9) of the Act of January 12, 1983 (Public Law 97–452, 96 Stat. 2468) [amending this section], applies to an obligation issued after June 30, 1983, if-
Pub. L. 103–329, title I, Sept. 30, 1994, 108 Stat. 2386 , provided in part: "That in fiscal year 1995 and thereafter, the Secretary is authorized to collect fees of not less than $46 for each definitive security issue provided to customers, and an annual maintenance fee of not less than $25 for each Treasury Direct Investor Account exceeding $100,000 in par value: Provided further, That in fiscal year 1995 and thereafter, of the definitive security fees collected, not to exceed $600,000, and of the annual maintenance fees for Treasury Direct Investor Account collected, not to exceed $2,500,000, shall be retained and used in the current fiscal year for the specific purpose of offsetting costs of Bureau of the Public Debt's marketable security activities, and any fees collected in excess of said amounts shall be deposited as miscellaneous receipts in the Treasury".
Pub. L. 103–202, title II, §202, Dec. 17, 1993, 107 Stat. 2356 , provided that:
"(a) Ability to Submit Computer Tenders in Treasury Auctions.-By the end of 1995, any bidder shall be permitted to submit a computer-generated tender to any automated auction system established by the Secretary of the Treasury for the sale upon issuance of securities issued by the Secretary if the bidder-
"(b) Prohibition on Favored Players.-
"(1) In general.-No government securities broker or government securities dealer may receive any advantage, favorable treatment, or other benefit, in connection with the purchase upon issuance of securities issued by the Secretary of the Treasury, which is not generally available to other government securities brokers or government securities dealers under the regulations governing the sale upon issuance of securities issued by the Secretary of the Treasury.
"(A) In general.-The Secretary of the Treasury may grant an exception to the application of paragraph (1) if-
"(B) Annual report.-The Secretary of the Treasury shall submit an annual report to the Congress describing any exception granted by the Secretary under subparagraph (A) during the year covered by the report and the basis upon which the exception was granted.
"(c) Meetings of Treasury Borrowing Advisory Committee.-
"(1) Open meetings.-
"(A) In general.-Except as provided in subparagraph (B), any meeting of the Treasury Borrowing Advisory Committee of the Public Securities Association (hereafter in this subsection referred to as the 'advisory committee'), or any successor to the advisory committee, shall be open to the public.
"(B) Exception.-Subparagraph (A) shall not apply with respect to any part of any meeting of the advisory committee in which the advisory committee-
"(2) Minutes of each meeting.-The detailed minutes required to be maintained under section 10(c) of the Federal Advisory Committee Act [5 U.S.C. App.] for any meeting by the advisory committee shall be made available to the public within 3 business days of the date of the meeting.
"(3) Prohibition on receipt of gratuities or expenses by any officer or employee of the board or department.-In connection with any meeting of the advisory committee, no officer or employee of the Department of the Treasury, the Board of Governors of the Federal Reserve System, or any Federal reserve bank may accept any gratuity, consideration, expense of any sort, or any other thing of value from any advisory committee described in subsection (c), any member of such committee, or any other person.
"(4) Prohibition on outside discussions.-
"(A) In general.-Subject to subparagraph (B), a member of the advisory committee may not discuss any part of any discussion, debate, or recommendation at a meeting of the advisory committee which occurs while such meeting is closed to the public (in accordance with paragraph (1)(B)) with, or disclose the contents of such discussion, debate, or recommendation to, anyone other than-
"(B) Applicable period of prohibition.-The prohibition contained in subparagraph (A) on discussions and disclosures of any discussion, debate, or recommendation at a meeting of the advisory committee shall cease to apply-
"(C) Removal from advisory committee for violations of this paragraph.-In addition to any penalty or enforcement action to which a person who violates a provision of this paragraph may be subject under any other provision of law, the Secretary of the Treasury shall-
"(1) Report required.-The Secretary of the Treasury shall submit an annual report to the Congress containing the following information with respect to material violations or suspected material violations of regulations of the Secretary relating to auctions and other offerings of securities upon the issuance of such securities by the Secretary:
"(2) Delay in disclosure of information in certain cases.-The Secretary of the Treasury shall not be required to include in a report under paragraph (1) any information the disclosure of which could jeopardize an investigation by an agency described in paragraph (1)(C) for so long as such disclosure could jeopardize the investigation."
Pub. L. 103–202, title II, §203, Dec. 17, 1993, 107 Stat. 2359 , which required the Secretary of the Treasury to notify Congress of any significant modifications to the auction process for issuing United States Treasury obligations at the time such modifications were implemented, was repealed by Pub. L. 113–188, title XVI, §1601(d)(1), Nov. 26, 2014, 128 Stat. 2025 .