Pub. L. 97–25896 Stat. 985Pub. L. 99–185, § 2(d)99 Stat. 1178Pub. L. 104–208, div. A, title II, § 2609110 Stat. 3009–475Pub. L. 105–61, title VI, § 641111 Stat. 1318(, , ; , , ; , , ; , , .)
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Historical and Revision Notes |
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
5118(a) | 31:773d. | |
5118(b) | 31:315b. | |
| 31:773a. | |
5118(c)(1), (2) | 31:773b. | |
5118(c)(3) | 31:773c. | |
5118(d) | 31:463. | |
| 31:463(note). | Oct. 28, 1977, Pub. L. 95–147, § 4(c), 91 Stat. 1229. |
section 463 of this titleIn subsection (a), before clause (1), the words “the phrase” are omitted as surplus. In clause (1), the words “declared to be against public policy by ” are omitted as surplus. Clause (2) is substituted for 31:773d(words after semicolon) for consistency in the revised title and to eliminate unnecessary words.
section 1 of the Act of August 27, 193549 Stat. 938In subsection (b), the words “after ” in 31:315b are omitted as executed. The words “that may be lawfully held” are substituted for “which may be lawfully acquired and are legal tender for public and private debts” in 31:773a for consistency in the subsection and to eliminate unnecessary words. The words “and that the owners of the gold clause securities of the United States shall be, at their election, entitled to receive immediate payment of the stated dollar amount thereof with interest to the date of payment or to prior maturity or to prior redemption date, whichever is earlier” in (ch. 780, ), are omitted as expired. The words “make the exchange” are substituted for “make such exchanges and payments upon presentation hereunder” to eliminate unnecessary words. The words “No gold shall after , be coined” in 31:315b are omitted because of section 5112 of the revised title. The text of 31:315b(proviso) is omitted as unnecessary because of the restatement. The text of 31:315b(last sentence) is omitted as executed.
In subsection (c)(1), before clause (A), the word “Government” is substituted for “United States” for consistency in the revised title and with other titles of the United States Code. The words “to anyone” are added for clarity. The words “whether by way of suit, counterclaim, set-off, recoupment, or other affirmative action or defense in its own name or in the name of” are omitted as surplus. The word “employees” is added for consistency in the revised title and with other titles of the Code. The word “instrumentalities” is omitted as unnecessary because of section 101 of the revised title. The word “claim” is substituted for “right, privilege, or power” to eliminate unnecessary words and for consistency in the revised title and with other titles of the Code. The words “in any proceeding of any nature whatsoever” are omitted as surplus. In clause (C), the words “or demand” are omitted as surplus.
In subsection (c)(2), the words “any suit commenced prior to , or which may be commenced by ” are omitted as executed. The words “referred to in this section” are omitted as surplus.
In subsection (c)(3), the words “may be expended” are substituted for “an amount appropriated or authorized to be expended” and “shall be available for or expended in”, and the words “dollar for dollar” are substituted for “on an equal and uniform dollar for dollar basis”, to eliminate unnecessary words.
In subsection (d)(1), the words “including every obligation of and to the United States” are omitted as surplus. The text of 31:463(b)(words after semicolon) is omitted as unnecessary because of the restatement.
Editorial Notes
Amendments
Pub. L. 105–611997—Subsec. (d)(2). struck out at end “This paragraph shall apply to any obligation issued on or before , notwithstanding any assignment or novation of such obligation after , unless all parties to the assignment or novation specifically agree to include a gold clause in the new agreement. Nothing in the preceding sentence shall be construed to affect the enforceability of a Gold Clause contained in any obligation issued after if the enforceability of that Gold Clause has been finally adjudicated before the date of enactment of the Economic Growth and Regulatory Paperwork Reduction Act of 1996.”
Pub. L. 104–2081996—Subsec. (d)(2). inserted at end “This paragraph shall apply to any obligation issued on or before , notwithstanding any assignment or novation of such obligation after , unless all parties to the assignment or novation specifically agree to include a gold clause in the new agreement. Nothing in the preceding sentence shall be construed to affect the enforceability of a Gold Clause contained in any obligation issued after if the enforceability of that Gold Clause has been finally adjudicated before the date of enactment of the Economic Growth and Regulatory Paperwork Reduction Act of 1996.”
Pub. L. 99–1851985—Subsec.(b). struck out “or deliver” after “pay out” and inserted “(other than gold and silver coins)” before “that may be lawfully held”.
Statutory Notes and Related Subsidiaries
Effective Date of 1985 Amendment
Pub. L. 99–185section 5112(i) of this titlesection 3 of Pub. L. 99–185section 5112 of this titleAmendment by effective , except that no coins may be issued or sold under before , see , set out as a note under .