Title 31 — Money and FinanceRelease 119-73
§321 General authority of the Secretary
Title 31 › Subtitle SUBTITLE I— - GENERAL › Chapter CHAPTER 3— - DEPARTMENT OF THE TREASURY › Subchapter SUBCHAPTER II— - ADMINISTRATIVE › § 321
Summary
Manage the government’s money and protect it. The Secretary of the Treasury must plan how to improve and handle government receipts and the public debt. The Secretary must run required finance services, issue payment warrants that match appropriations, mint coins and print currency and security papers, refine bullion, and may strike medals. The Secretary must make rules to stop fraud for anyone who handles Treasury notes or other government securities, collect government receipts, try to find and help prosecute fraud, and keep separate tax accounts for each State, territory, possession, and collection district that list each kind of tax, the amount of each tax, and the pay and allowances paid to officers and employees who collect taxes there. The Secretary must also advise the President on major domestic and international insurance safety rules, except for health insurance. The Secretary may make regulations, delegate powers to Treasury staff, and move records, property, people, and unspent funds inside the Department to carry out those delegations. The Secretary may detail up to 6 officers at once to enforce Treasury laws, and no more than 4 of those may come from each of the three named funding sources (customs, internal revenue, or anti‑counterfeiting). The Secretary may allow limited private use of Treasury phone lines, buy arms and ammunition for Department officers, and combine required fund reports into one consolidated report unless that would delay the information. The Secretary holds the Department’s duties and powers except for administrative law judges and the Comptroller of the Currency. The Secretary may accept gifts and bequests for the Treasury, keep money from them in a separate fund, treat the property as gifts for tax purposes, invest the fund in U.S. public debt securities at appropriate maturities and Secretary‑set rates, use income for the fund’s purposes, and publicly report amounts, sources, and uses at least once a year.
Full Legal Text
Title 31, §321
Money and Finance — Source: USLM XML via OLRC
(a)The Secretary of the Treasury shall—
(1)prepare plans for improving and managing receipts of the United States Government and managing the public debt;
(2)carry out services related to finances that the Secretary is required to perform;
(3)issue warrants for money drawn on the Treasury consistent with appropriations;
(4)mint coins, engrave and print currency and security documents, and refine and assay bullion, and may strike medals;
(5)prescribe regulations that the Secretary considers best calculated to promote the public convenience and security, and to protect the Government and individuals from fraud and loss, that apply to anyone who may—
(A)receive for the Government, Treasury notes, United States notes, or other Government securities; or
(B)be engaged or employed in preparing and issuing those notes or securities;
(6)collect receipts;
(7)with a view to prosecuting persons, take steps to discover fraud and attempted fraud involving receipts and decide on ways to prevent and detect fraud;
(8)maintain separate accounts of taxes received in each State, territory, and possession of the United States, and collection district, with each account listing—
(A)each kind of tax;
(B)the amount of each tax; and
(C)the money paid as pay and allowances to officers and employees of the Department collecting taxes in that State, territory, possession, or district; and
(9)advise the President on major domestic and international prudential policy issues in connection with all lines of insurance except health insurance.
(b)The Secretary may—
(1)prescribe regulations to carry out the duties and powers of the Secretary;
(2)delegate duties and powers of the Secretary to another officer or employee of the Department of the Treasury;
(3)transfer within the Department the records, property, officers, employees, and unexpended balances of appropriations, allocations, and amounts of the Department that the Secretary considers necessary to carry out a delegation made under clause (2) of this subsection;
(4)detail, in addition to details authorized under another law, not more than 6 officers and employees of the Department at any one time to enforce the laws related to the Department, except that of those 6 officers and employees not more than 4 officers and employees—
(A)paid from the appropriations for the collection of customs may be so detailed;
(B)paid from the appropriations for internal revenue may be so detailed; and
(C)paid from the appropriations for suppressing counterfeiting and other crimes may be so detailed;
(5)authorize, at rates and under conditions prescribed by the Secretary, the private use of telephone lines controlled by the Department when the use does not interfere with Department business;
(6)buy arms and ammunition required by officers and employees of the Department in carrying out their duties and powers; and
(7)notwithstanding any other provision of law, fulfill any requirement to issue a report on the financial condition of any fund on the books of the Treasury by including the required information in a consolidated report, except that information with respect to a specific fund shall be separately reported if the Secretary determines that the consolidation of such information would result in an unwarranted delay in the availability of such information.
(c)Duties and powers of officers and employees of the Department are vested in the Secretary except duties and powers—
(1)vested by subchapter II of chapter 5 of title 5 in administrative law judges employed by the Secretary; and
(2)of the Comptroller of the Currency.
(d)(1)The Secretary of the Treasury may accept, hold, administer, and use gifts and bequests of property, both real and personal, for the purpose of aiding or facilitating the work of the Department of the Treasury. Gifts and bequests of money and the proceeds from sales of other property received as gifts or bequests shall be deposited in the Treasury in a separate fund and shall be disbursed on order of the Secretary of the Treasury. Property accepted under this paragraph, and the proceeds thereof, shall be used as nearly as possible in accordance with the terms of the gift or bequest.
(2)For purposes of the Federal income, estate, and gift taxes, property accepted under paragraph (1) shall be considered as a gift or bequest to or for the use of the United States.
(3)The Secretary of the Treasury may invest and reinvest the fund in public debt securities with maturities suitable for the needs of the fund and bearing interest at rates determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities. Income accruing from the securities, and from any other property accepted under paragraph (1), shall be deposited to the credit of the fund, and shall be disbursed on order of the Secretary of the Treasury for purposes as nearly as possible in accordance with the terms of the gifts or bequests.
(4)The Secretary of the Treasury shall, not less frequently than annually, make a public disclosure of the amount (and sources) of the gifts and bequests received under this subsection, and the purposes for which amounts in the separate fund established under this subsection are expended.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 321(a)(1)– (3)31:1002(less words between 1st and 2d semicolons and between 4th and 5th semicolons).R.S. § 248(less words between 4th and 5th semicolons). 321(a)(4)(no source). 321(a)(5)31:427.R.S. § 251(words after “Treasury” and before “shall prescribe forms of entries”). 321(a)(6)31:1002(words between 1st and 2d semicolons). 321(a)(7)31:1011.R.S. § 376; May 10, 1934, ch. 277, § 512(b), 48 Stat. 759. 321(a)(8)31:1024.R.S. §§ 239, 261; Feb. 18, 1875, ch. 80, § 1(3d complete par. on p. 317), 18 Stat. 317; Aug. 7, 1946, ch. 770, § 1(48), 60 Stat. 870. 321(b)(1)31:127.Oct. 9, 1940, ch. 796, § 5, 54 Stat. 1087. 31:317f.Dec. 18, 1942, ch. 767, § 7, 56 Stat. 1066. 31:397.July 23, 1965, Pub. L. 89–81, § 107, 79 Stat. 255. 31:528(d).R.S. § 3646(d); July 8, 1937, ch. 444, § 9, 50 Stat. 483; restated Dec. 3, 1945, ch. 515, § 1, 59 Stat. 593. 31:564.Nov. 21, 1941, ch. 489, § 5, 55 Stat. 778; Dec. 22, 1974, Pub. L. 93–539, § 1(a) (related to § 4), 88 Stat. 1738. 31:1053.Oct. 26, 1970, Pub. L. 91–508, § 204, 84 Stat. 1120. 31:1262(a).Oct. 20, 1972, Pub. L. 92–512, § 142(a), 86 Stat. 935. 321(b)(2), (3)31:1001(note).Reorg. Plan No. 26 of 1950, eff. July 31, 1950, §§ 2, 4, 64 Stat. 1281. 321(b)(4)31:1017.June 12, 1917, ch. 27, § 1(4th par. under heading “Miscellaneous Objects, Treasury Department”), 40 Stat. 118; Mar. 4, 1921, ch. 161, § 1(1st par. under heading “Miscellaneous Objects, Treasury Department”), 41 Stat. 1374. 321(b)(5)31:486.Apr. 28, 1904, ch. 1762, § 1(proviso immediately before heading “Revenue-Cutter Service”), 33 Stat. 460. 321(b)(6)31:1023(a).June 1, 1955, ch. 119, § 1(a), 69 Stat. 82. 321(c)31:1001(note).Reorg. Plan No. 26 of 1950, eff. July 31, 1950, § 1(a), (b), 64 Stat. 1280. In subsection (a)(1)–(3), the words between the 2d and 3d semicolons are omitted as superseded by section 3512 of the revised title. In subsection (a)(1), the word “digest” is omitted as being included in “prepare”. The word “receipts” is substituted for “revenue”, and the words “managing the public debt” are substituted for “for the support of the public credit”, for consistency in the revised title. In subsection (a)(2), the words “carry out” are substituted for “generally shall perform” for consistency in the revised title and with other titles of the United States Code. The words “that the Secretary is required” are substituted for “as he shall be directed” because of the restatement. In subsection (a)(3), the word “issue” is substituted for “shall grant” for consistency. The words “under limitations herein established or to be provided” are omitted as unnecessary. The word “consistent” is substituted for “in pursuance of”, and the words “by law” are omitted, for consistency. Subsection (a)(4) is included to reflect all the major duties of the Secretary of the Treasury. See chapter 51 of the revised title. In subsection (a)(5), before subclause (A), the words “prescribe
Regulations
” are substituted for “make and issue from time to time such instructions and
Regulations
” for consistency in the revised title and to eliminate unnecessary words. The words “applicable to anyone” are substituted for “to the several collectors, receivers, depositaries, officers, and others” for clarity and to eliminate unnecessary words. In subclause (A), the words “for the Government” are inserted because section 8 of the Act of June 30, 1864 (ch. 172, 13 Stat. 221), from which section 251 of the Revised Statutes is derived, used the phrase “in behalf of the United States”. In subclause (B), the words “those notes and securities” are substituted for “the same” for clarity. In subsection (a)(6), the word “collect” is substituted for “superintend the collection” because of the source provisions restated in section 321(c) of the revised title. The word “receipts” is substituted for “revenue” for consistency in the revised title. In subsection (a)(7), the words “Secretary of the Treasury” are substituted for “General Counsel of the Department of the Treasury, under the direction of the Secretary of the Treasury” because of the source provisions restated in subsection (c) of this section. The words “with a view to prosecuting persons” are substituted for “for the prosecution of persons charged with the commission thereof” for clarity. The words “take steps to discover fraud and attempted fraud” are substituted for “take cognizance of all frauds or attempted frauds” for clarity. The words “involving receipts” are substituted for “upon the revenue” for consistency in the revised title. The words “decide on ways to prevent and detect fraud” are substituted for “exercise a general supervision over the measures for their prevention and detection” for clarity and to eliminate unnecessary words. In subsection (a)(8), before subclause (A), the word “maintain” is substituted for “shall be kept” for consistency. The words “all moneys” and “internal” are omitted as unnecessary because of the restatement. The words “duties or” are omitted as being included in “taxes”. The word “possession” is added for consistency in the revised title and with other titles of the Code. The word “listing” is substituted for “so as to exhibit, as far as may be” for clarity and to eliminate unnecessary words. In subclause (A), the word “kind” is substituted for “species” for consistency. The words “that shall accrue” are omitted as surplus. In subclause (B), the words “each tax” are substituted for “each source of revenue” for clarity. In subclause (C), the word “pay” is substituted for “compensation” for consistency. The words “officers and employees” are substituted for “collectors and deputy collectors, inspectors, and other officers” for consistency and to eliminate unnecessary words. Subsection (b)(1) is included as a general statement of the authority of the Secretary of the Treasury to prescribe
Regulations
to avoid repeating each time specific authority of the Secretary to carry out certain provisions of law. In subsection (b)(2), the words “make such provisions” in 31:1001(note) are omitted as unnecessary. The words “or by any agency” are omitted and the words “duties and powers” are substituted for “function”, for consistency in the revised title and with other titles of the Code. The words “including any function transferred to the Secretary by the provisions of this reorganization plan” are omitted as executed. In subsection (b)(3), the word “effect ” is omitted as unnecessary. The words “(available or to be made available)” are omitted as surplus. The words “delegation made under clause (2) of this subsection” are substituted for “provisions of this reorganization plan” because the only provision of Reorganization Plan No. 26 of 1950 (eff. July 31, 1950, 64 Stat. 1281) that continues to have legal effect is section 2 that is restated in clause (2). In subsection (b)(4), before subclause (A), the word “detail” is substituted for “to use for, and in connection with” to eliminate unnecessary words. The words “in addition to details authorized under another law” are substituted for 31:1017(last sentence) to eliminate unnecessary words and because subsequent laws would also provide additional authority to detail. The words “and the several branches of the public service under its control” are omitted as being included in “Department”. The words “officers and employees” are substituted for “persons” for clarity and consistency in the revised title. In subclause (B), the words “agents or from the appropriation for the foregoing purpose” are omitted as unnecessary because of the restatement. In subsection (b)(5), the words “the proceeds thereof to be accounted for and paid into the Treasury of the United States” are omitted as unnecessary because of section 3302 of the revised title. In subsection (b)(6), the word “buy” is substituted for “make expenditures” for consistency in the revised title and with other titles of the Code. The words “officers or employees” are substituted for “civilian employees”, and the words “in carrying out their duties and powers” are substituted for “in the performance of their official duties”, for consistency in the revised title and with other titles of the Code.
Editorial Notes
Amendments
2010—Subsec. (a)(9). Pub. L. 111–203, § 502(b), added par. (9). Subsec. (c). Pub. L. 111–203, § 378(1)(A), inserted “and” at end of par. (1), substituted period for “; and” at end of par. (2), and struck out par. (3) which read as follows: “of the Director of the Office of Thrift Supervision;”. Subsec. (e). Pub. L. 111–203, § 378(1)(B), struck out subsec. (e). Text read as follows: “The Secretary of the Treasury may not merge or consolidate the Office of Thrift Supervision, or any of the functions or responsibilities of the Office or the Director of such office, with the Office of the Comptroller of the Currency or the Comptroller of the Currency.” 1995—Subsec. (b)(7). Pub. L. 104–66 added par. (7). 1989—Subsec. (c)(3). Pub. L. 101–73, § 307(b), added par. (3). Subsec. (e). Pub. L. 101–73, § 307(d), added subsec. (e). 1984—Subsec. (d). Pub. L. 98–369 added subsec. (d).
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by section 378(1) of Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress. Amendment by section 502(b) of Pub. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as an
Effective Date
note under section 5301 of Title 12, Banks and Banking. Use of Aircraft in Emergency Law
Enforcement
Support Pub. L. 104–52, title I, § 107, Nov. 19, 1995, 109 Stat. 476, provided that: “The Secretary of the Treasury is authorized in fiscal year 1996 and hereafter, to use Treasury Department aircraft, with or without reimbursement, to assist bureaus within the Department of the Treasury or other Federal agencies, Departments or offices outside of the Department of the Treasury to provide emergency law
Enforcement
support to protect human life, property, public health, or safety.”
Executive Documents
Emergency Preparedness Functions For assignment of certain emergency preparedness functions to Secretary of the Treasury, see Parts 1, 2, and 15 of Ex. Ord. No. 12656, Nov. 18, 1988, 53 F.R. 47491, set out as a note under section 5195 of Title 42, The Public Health and Welfare.
Reference
Citations & Metadata
Citation
31 U.S.C. § 321
Title 31 — Money and Finance
Last Updated
Apr 6, 2026
Release point: 119-73