A bill to amend the Par Value Modification Act, and for other purposes.
PL 93-110 (H.R.6912), enacted 09/21/1973

352 
PUBLIC LAW 93-109-SEPT. 21, 1973 
[87 STAT. 
September 21,1973 
[S.1165] 
Public Law 93-109 
AN ACT 
To amend the Federal Cigarette Labeling and Advertising Act of 1965 as amended 
by the Public Health Cigarette Smoking Act of 1969 to define the term "little 
cigar", and for other purposes. 
Little Cigar Act 
of 1973. 
79 Stat. 282. 
84 Stat. 87. 
"Little cigar.' 
Effective date. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That this Act may 
be cited as the "Little Cigar Act of 1973". 
SEC. 2. Section 3 of the Federal Cigarette Labeling and Advertising 
Act (15 U.S.C. 1331-1340) as amended by the Public Health Cigarette 
Smoking Act of 1969 is amended by inserting the following new 
subsection: 
"(7) The term 'little cigar' means any roll of tobacco wrapped in 
leaf tobacco or any substance containing tobacco (other than any roll 
of tobacco which is a cigarette within the meaning of subsection (1)) 
and as to which one thousand units weigh not more than three pounds." 
SEC. 3. Section 6 of the Federal Cigarette Labeling and Advertising 
Act (15 U.S.C. 1331-1340) as amended by the Public Health Cigarette 
Smoking Act of 1969 is amended by inserting the words "and little 
cigars" after the word "cigarettes". 
SEC. 4. The amendment made by this Act shall become effective 
thirty days after the date of enactment. 
Approved September 21, 1973, 
September21,1973 
[H. R. 6912] 
Public Law 93-110 
AN ACT 
To amend the Par Value Modification Act, and for other purposes. 
Par Value Modi-
fication Act, 
amendments. 
86 Stat. 116. 
31 u s e 449 
note. 
Repeal. 
48 Stat. 340. 
Gold, private 
ownership. 
Effective date; 
report to Con-
gress. 
Be it enacted hy the SenMe and House of Represenatives 
of the 
United States of America in Congress assenribled^ That the first sen-
tence of section 2 of the Par Value Modification Act is amended by 
striking out the words "one thirty-eighth of a fine troy ounce of gold" 
and inserting in lieu thereof the following: "0.828948 Special Draw-
ing Right or, the equivalent in terais of gold, of forty-two and two-
ninths dollars per fine troy ounce of gold". 
SEC. 2. The Par Value Modification Act is amended by adding at 
the end thereof the following new section: 
"SEC. 5. It is the sense of the Congress that the President shall 
take all appropriate action to expedite realization of the international 
monetary reform noted at the Smithsonian on December 18, 1971." 
SEC. 3. (a) Sections 3 and 4 of the Gold Reserve Act of 1934 (31 
U.S.C. 442 and 443) are repealed. 
(b) No provision of any law in effect on the date of enactment of 
this Act, and no rule, regulation, or order under authority of any 
such law, may be construed to prohibit any person from purchasing, 
holding, selling, or otherwise dealing with gold. 
(c) The provisions of this section, pertaining to gold, shall take 
effect when the President finds and reports to the Congress that 
international monetary reform shall have proceeded to the point where 
elimination of regulations on private ownership of gold will not 
adversely affect the United States' international monetary position. 
55 Stat. 839, 
59 Stat, 515, 
87 STAT.] 
PUBLIC LAW 9 3 - 1 1 . 0 - S E P T . 21, 1973 
' 
353 
TITLE II—FOREIGN CURRENCY REPORTS 
STATEMENT OF FINDINGS 
SEC. 201. The Congress finds that— 
(1) movements of mobile capital can have a significant impact 
on the proper functioning of the international monetary system; 
(2) it is important to have as complete and current data as 
feasible on the nature and source of these capital flows, includ-
ing transactions by large United States business enterprises and 
their foreign affiliates; 
(3) it is desirable to emphasize this objective by supplementing 
existing le^al authority for the collection of data on capital 
flows contamed in section 5(b) of the Emergency Banking Act 
of 1933 (12 U.S.C. 95a) and section 8 of the Bretton Woods Agree-
ments Act of 1945 (22 U.S.C. 286f). 
AUTHORITY TO PRESCRIBE REGULATIONS 
SEC. 202. (a) The Secretary of the Treasury (hereafter referred to 
as the "Secretary") is authorized and directed, under the authority 
of this title and any other authority conferred by law, to supple-
ment regulations requiring the submission of reports on foreign cur-
rency transactions consistent with the statement of findings under 
section 201. Regulations prescribed under this title shall require that 
such reports contain such information and be submitted in such man-
ner and at such times, with reasonable exceptions and classifications, 
as may be necessary to carry out the policy of this title. 
(b) Reports required under this title shall cover foreign currency 
transactions conducted by any United States person and by any 
foreign person controlled by a United States person as such terms are 
defined in section 7(f)(2)(A) and 7(f)(2)(C) of the Securities 
Exchange Act of 1934. 
ENFORCEMENT 
SEC. 203. (a) Whoever fails to submit a report required under any 
rule or regulation issued under this title may be assessed a civil penalty 
not exceeding $10,000 in a proceeding brought under subsection (b) of 
this section. 
(b) Whenever it appears to the Secretary that any person has failed 
to submit a report required under any rule or regulation issued under 
this title or has violated any rule or regulation issued hereunder, the 
Secretary may in his discretion bring an action, in the proper district 
court of the United States or the proper United States court of any 
territory or other place subject to the jurisdiction of the United 
States, seeking a mandatory injunction commanding such person to 
comply with such rule or regulation, and upon a proper showing a 
permanent or temporary injunction or restraining order shall be 
granted without bond, and additionally the sanction provided for 
failure to submit a report under subsection (a). 
Approved September 21, 1973. 
84 Stat, 1124. 
15 u s e 78g, 
Penalty. 
22-150 O - 75 - 25