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The law › Title 31, Money and Finance › Chapter 53

31 U.S.C. 5318: Compliance, exemptions, and summons authority

Created in 1982 by Public Law 97-258. Changed by 12 later laws. No bill we track in this Congress changes it.

8 other sections of the Code cite this one, including 12 U.S.C. 1960, 15 U.S.C. 57b–2b, 15 U.S.C. 1681b, 18 U.S.C. 981, 18 U.S.C. 1510.

6 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (3), Federal Reserve System (1), Federal Deposit Insurance Corporation (1), National Credit Union Administration (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2021

    • Pub. L. 116–283, §6101(b)(1), substituted "subsections (b)(2) and (h)(4)" for "subsection (b)(2)". (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (a)
    • Pub. L. 116–283, §6101(c), inserted ", including the collection and reporting of certain information as the Secretary of the Treasury may prescribe by regulation," after "appropriate procedures" and ", the financing of terrorism, or other forms of illicit finance" after "money laund… (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (a)
    • Pub. L. 116–283, §6212(b)(1), inserted "or otherwise reveal any information that would reveal that the transaction has been reported," after "transaction has been reported". (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (g)
    • Pub. L. 116–283, §6212(b)(2), inserted "or otherwise reveal any information that would reveal that the transaction has been reported," after "transaction has been reported,". (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (g)
    • Pub. L. 116–283, §6202, added par. (5). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (g)
    • Pub. L. 116–283, §6206, added pars. (6) and (7). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (g), (7)
    • Pub. L. 116–283, §6212(a), added pars. (8) to (11). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (g)
    • Pub. L. 116–283, §6101(b)(2)(A), inserted "and the financing of terrorism" after "money laundering" and "and countering the financing of terrorism" after "anti-money laundering" in introductory provisions. (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (h)
    • Pub. L. 116–283, §6101(b)(2)(B), inserted subpar. (A) designation and heading and added subpar. (B). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (h)
    • Pub. L. 116–283, §6101(b)(2)(C), added pars. (4) and (5). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (h), (5)
    • Pub. L. 116–283, §6308(a)(1), added subpar. (B) and redesignated subpar. (B) as (C). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (k), (C)
    • Pub. L. 116–283, §6308(a)(2), added par. (3) and struck out former par (3), which related to foreign bank records, including summons or subpoena of records, acceptance of service, and termination of correspondent relationship. (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (k)
    • Pub. L. 116–283, §6209(a), added subsec. (o). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (o)
    • Pub. L. 116–283, §6213(a), added subsec. (p). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (p)
    • Pub. L. 116–283, §6301, added subsec. (q). (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (q)

    2014

    • Pub. L. 113–156 added par. (6) and redesignated former par. (6) as (7). Law text · (a), (7)

    2011

    • Pub. L. 112–74, §118(1), added cl. (i) and struck out former cl. (i) which read as follows: "the financial institution, director, officer, employee, or agent may not notify any person involved in the transaction that the transaction has been reported; and". (Consolidated Appropriations Act, 2012) Law text · (g)
    • Pub. L. 112–74, §118(2), substituted "no current or former officer or employee of or contractor for" for "no officer or employee of" and inserted "or for" before "any State". (Consolidated Appropriations Act, 2012) Law text · (g)

    2006

    • Pub. L. 109–177 substituted "Intelligence Reform and Terrorism Prevention Act of 2004" for "National Intelligence Reform Act of 2004" in introductory provisions. (USA PATRIOT Improvement and Reauthorization Act of 2005) Law text · (n)

    2004

    • Pub. L. 108–458, §6202(h), made technical correction to directory language of Pub. L. 107–56, §325. See 2001 Amendment note below. (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (h)
    • Pub. L. 108–458, §6203(c)(1), inserted comma before "that is reasonably designed". (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (i)
    • Pub. L. 108–458, §6203(c)(2), substituted "Definitions" for "Definition" in heading. (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (i)
    • Pub. L. 108–458, §6203(d), substituted "section 5318A(e)(1)(B)" for "section 5318A(f)(1)(B)". (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (k)
    • Pub. L. 108–458, §6302, added subsec. (n). (Intelligence Reform and Terrorism Prevention Act of 2004) Law text · (n)

    2003

    • Pub. L. 108–159 redesignated subsec. (l), relating to applicability of rules, as (m). (Fair and Accurate Credit Transactions Act of 2003) Law text · (l), (m)

    2001

    • Pub. L. 107–56, §365(c)(2)(B)(ii), inserted "or nonfinancial trades or businesses" after "financial institutions". (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (a), (3)
    • Pub. L. 107–56, §365(c)(2)(B)(i), inserted "or nonfinancial trade or business" after "financial institution" in two places. (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (a)
    • Pub. L. 107–56, §365(c)(2)(B)(i), inserted "or nonfinancial trade or business" after "financial institution". (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (c)
    • Pub. L. 107–56, §365(c)(2)(B)(i), inserted "or nonfinancial trade or business" after "financial institution" in introductory provisions. (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (f)
    • Pub. L. 107–56, §351(b), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "A financial institution, and a director, officer, employee, or agent of any financial institution, who voluntarily reports a suspicious transaction, or th… (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (g)
    • Pub. L. 107–56, §351(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: "Any financial institution that makes a disclosure of any possible violation of law or regulation or a disclosure pursuant to this subsection or any other … (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (g)
    • Pub. L. 107–56, §358(b), substituted ", supervisory agency, or United States intelligence agency for use in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism" for "or supervisory agency". (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (g)
    • Pub. L. 107–56, §352(a), reenacted heading without change and amended text of subsec. (h) generally. Prior to amendment, text read as follows: (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (h)
    • Pub. L. 107–56, §325, as amended by Pub. L. 108–458, §6202(h), added par. (3). (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (h)
    • Pub. L. 107–56, §312(a), added subsec. (i). (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (i)
    • Pub. L. 107–56, §313(a), added subsec. (j). (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (j)
    • Pub. L. 107–56, §319(b), added subsec. (k). (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (k)
    • Pub. L. 107–56, §359(c), added subsec. (l) relating to applicability of rules. (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (l)
    • Pub. L. 107–56, §326(a), added subsec. (l) relating to identification and verification of accountholders. (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (l)

    1994

    • Pub. L. 103–325, §410(a), added par. (5). Former par. (5) redesignated (6). · (a)
    • Pub. L. 103–325, §410(b), inserted "under this paragraph or paragraph (5)" after "revoke an exemption" in penultimate sentence. · (a)
    • Pub. L. 103–325, §410(a)(2), redesignated par. (5) as (6). · (a)
    • Pub. L. 103–322, §330017(b)(1), and Pub. L. 103–325, §413(b)(1), amended directory language of Pub. L. 102–550, §1517(b), identically. See 1992 Amendment note below. · (g)
    • Pub. L. 103–325, §403(a), added par. (4). · (g)
    • Pub. L. 103–322, §330017(b)(1), and Pub. L. 103–325, §413(b)(1), amended directory language of Pub. L. 102–550, §1517(b), identically. See 1992 Amendment note below. · (h)

    1992

    • Pub. L. 102–550, §1504(d)(1), substituted "supervising agency and the United States Postal Service" for "supervising agency or the Postal Inspection Service and the Postal Service". · (a)
    • Pub. L. 102–550, §1513, inserted before semicolon "or to guard against money laundering". · (a)
    • Pub. L. 102–550, §1517(b), as amended by Pub. L. 103–322, §330017(b)(1), and Pub. L. 103–325, §413(b)(1), added subsecs. (g) and (h). · (g), (h)

    1988

    • Pub. L. 100–690, §6469(c), inserted "or the Postal Inspection Service" after "appropriate supervising agency". · (a)
    • Pub. L. 100–690, §6185(e), inserted "and the Postal Service" after "appropriate supervising agency". · (a)

    1986

    • Pub. L. 99–570, §1356(c)(2), substituted "Compliance, exemptions, and summons authority" for "Compliance and exemptions" in section catchline.
    • Pub. L. 99–570, §1356(a)(1)–(5), designated existing provisions as subsec. (a), added subsec. heading, inserted "except as provided in subsection (b)(2)," in par. (1), added pars. (3) and (4), and redesignated former par. (3) as (5). · (a)
    • Pub. L. 99–570, §1356(a)(6), added subsecs. (b) to (e). · (b), (c), (d), (e)
    • Pub. L. 99–570, §1356(b), added subsec. (f). · (f)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.