§2109 Foreign Currency Fluctuations Account

Summary

Creates a Treasury account called the "Foreign Currency Fluctuations, American Battle Monuments Commission, Account." The account must pay extra salary and expense costs for the Commission that happen because foreign exchange rates change after the Commission sends its budget request to Congress. The money can only be used for those extra costs. Annual spending limits for the Commission must be raised to reflect those exchange-rate changes. Money in the account can be moved into the Commission’s salary-and-expense appropriation and combined with it for the same time period. If the money is later not needed—because rates changed the other way or other funds pay the costs—it can be moved back, but not after the end of the second fiscal year after the fiscal year when the appropriation was available. The Commission may record foreign-currency obligations at the budget exchange rates and adjust them when payments are made. Unused salary balances may be moved into the account within the same two-year time limit. The Commission must report each year to the appropriate congressional committees about transfers. Up to $3,000,000 is authorized for the account.