---
kind: "section"
citation: "5 U.S.C. § 5943"
title: "5"
title_heading: "Government Organization and Employees"
number: "5943"
heading: "Foreign currency appreciation allowances"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/5/5943"
units:
  - "Part III — Employees"
  - "Subpart D — Pay and Allowances"
  - "Chapter 59 — Allowances"
  - "Subchapter IV — Miscellaneous Allowances"
---

# §5943. Foreign currency appreciation allowances

- (a) The President, under such regulations as he may prescribe, may meet [losses](/usc/5/8401.md?p=18) sustained by [employees](/usc/5/4701.md?p=a-2) and [members](/usc/5/8401.md?p=20) of the uniformed [services](/usc/5/8401.md?p=26) 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)](#a) of this section and to cover any deficiency in the [accounts](/usc/5/8401.md?p=1) of the [Secretary](/usc/5/9901.md?p=2) 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](/usc/5/4701.md?p=a-2) and [members](/usc/5/8401.md?p=20) of the uniformed [services](/usc/5/8401.md?p=26) for [pay](/usc/5/7511.md?p=a-4) and expenses.
- (c) Payment under [subsection (a)](#a) of this section may not be made to an [employee](/usc/5/4701.md?p=a-2) or [member](/usc/5/8401.md?p=20) of a uniformed [service](/usc/5/8401.md?p=26) for a period during which his check or draft was converted into foreign currency under the arrangement referred to by [subsection (b)](#b) of this section.
- (d) The President shall report annually to Congress all expenditures made under this section.

## Source credit

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

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Derivation | U.S. Code | Revised Statutes and<br>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, § 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 §§ 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.

### Editorial Notes

### Amendments

1979—Subsec. (a). Pub. L. 96–54, § 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, § 2(a)(37)(B), substituted “President” for “Director of the Bureau of the Budget”.

### Statutory Notes and Related Subsidiaries

### 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.

### Executive Documents

### 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.