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Title 22 — Foreign Relations and IntercourseRelease 119-73

§2396b USAID Buying Power Maintenance Account

Title 22 › Chapter CHAPTER 32— - FOREIGN ASSISTANCE › Subchapter SUBCHAPTER III— - GENERAL AND ADMINISTRATIVE PROVISIONS › Part Part II— - Administrative Provisions › § 2396b

Last updated Apr 6, 2026|Official source

Summary

Creates a "USAID Buying Power Maintenance Account" in the U.S. Treasury. Up to $50,000,000 of unused "Operating Expenses" money from this or later fiscal years may be moved into the account within five fiscal years after those funds were available. Money in the account stays available until spent. It must be used to offset harmful changes in foreign exchange rates or overseas wage and price increases so overseas operations can be maintained. Funds can be moved into Title II or III accounts for the same purposes. Any legal limits on available amounts are treated as adjusted as needed, and transfers must follow the normal Appropriations Committee notice rules.

Full Legal Text

Title 22, §2396b

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(1)Consistent with paragraph (2), there is hereby established in the Treasury of the United States the “USAID Buying Power Maintenance Account”.
(2)Up to $50,000,000 of expired or unexpired discretionary unobligated balances appropriated for this and for any succeeding fiscal year under the heading “Operating Expenses” may be transferred to, and merged with, the account established pursuant to paragraph (1) not later than the end of the fifth fiscal year after the last fiscal year for which such funds are available for the purposes for which appropriated: Provided, That amounts deposited in such account shall be available until expended for the purposes of offsetting adverse fluctuations in foreign currency exchange rates or overseas wage and price changes to maintain overseas operations, in addition to such other funds as may be available for such purposes: Provided further, That amounts from such account may be transferred to, and merged with, funds appropriated under titles II and III of this Act or subsequent Acts making appropriations for the Department of State, foreign operations, and related programs for such purposes: Provided further, That any specific designation or restriction contained in this Act or any other provision of law limiting the amounts available that may be obligated or expended shall be deemed to be adjusted to the extent necessary to offset the net effect of fluctuations in foreign currency exchange rates or overseas wage and price changes in order to maintain approved levels: Provided further, That transfers pursuant to this section shall be subject to the regular notification procedures of the Committees on Appropriations.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

Titles II and III of this Act, referred to in par. (2), means titles II and III of div. F of Pub. L. 118–47, Mar. 23, 2024, 138 Stat. 739, 740. See section 3 of Pub. L. 118–47, set out as a References in Pub. L. 118–47 note under section 1 of Title 1, General Provisions. This section, referred to in par. (2), was in the original “this subsection”, meaning subsec. (a) of section 7069 of title VII of div. F of Pub. L. 118–47. Subsec. (b) of section 7069 was not classified to the Code. Codification Section was added as part of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2024, and also as part of the Further Consolidated Appropriations Act, 2024, and not as part of the Foreign Assistance Act of 1961 which comprises this chapter.

Reference

Citations & Metadata

Citation

22 U.S.C. § 2396b

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73