US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 5236

Exchange Stabilization Fund reimbursement

(a)

Reimbursement

section 5302 of title 31The Secretary shall reimburse the Exchange Stabilization Fund established under for any funds that are used for the Treasury Money Market Funds Guaranty Program for the United States money market mutual fund industry, from funds under this chapter.

(b)

Limits on use of Exchange Stabilization Fund

The Secretary is prohibited from using the Exchange Stabilization Fund for the establishment of any future guaranty programs for the United States money market mutual fund industry.

Pub. L. 110–343, div. A, title I, § 131122 Stat. 3797(, , .)

Editorial Notes

References in Text

Pub. L. 110–343122 Stat. 3765section 5201 of this titleThis chapter, referred to in subsec. (a), was in the original “this Act” and was translated as reading “this division”, meaning div. A of , , , known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under and Tables.

Statutory Notes and Related Subsidiaries

Non-Applicability of Restrictions on ESF During National Emergency

Pub. L. 116–136, div. A, title IV, § 4015134 Stat. 481

“(a)

In General .—

12 U.S.C. 5236Section 131 of the Emergency Economic Stabilization Act of 2008 () shall not apply during the period beginning on the date of enactment of this Act [] and ending on . Any guarantee established as a result of the application of subsection (a) shall—
“(1)
be limited to a guarantee of the total value of a shareholder’s account in a participating fund as of the close of business on the day before the announcement of the guarantee; and
“(2)
terminate not later than .
“(b)

Direct Appropriation .—

section 5302(a)(1) of title 31Upon the expiration of the period described in subsection (a), there is appropriated, out of amounts in the Treasury not otherwise appropriated, such sums as may be necessary to reimburse the fund established under , United States Code, for any funds that are used for the Treasury Money Market Funds Guaranty Program for the United States money market mutual fund industry to the extent a claim payment made exceeds the balance of fees collected by the fund.”
, , , provided that: