31 U.S.C. § 5114 : US Code - Section 5114: Engraving and printing currency and security documents

Search 31 U.S.C. § 5114 : US Code - Section 5114: Engraving and printing currency and security documents

(a) Authority To Engrave and Print. -
(1) In general. - The Secretary of the Treasury shall engrave
and print United States currency and bonds of the United States
Government and currency and bonds of United States territories
and possessions from intaglio plates on plate printing presses
the Secretary selects. However, other security documents and
checks may be printed by any process the Secretary selects.
Engraving and printing shall be carried out within the Department
of the Treasury if the Secretary decides the engraving and
printing can be carried out as cheaply, perfectly, and safely as
outside the Department.
(2) Engraving and printing for other governments. - The
Secretary of the Treasury may produce currency, postage stamps,
and other security documents for foreign governments if -
(A) the Secretary of the Treasury determines that such
production will not interfere with engraving and printing needs
of the United States; and
(B) the Secretary of State determines that such production
would be consistent with the foreign policy of the United
States.
(3) Procurement guidelines. - Articles, material, and supplies
procured for use in the production of currency, postage stamps,
and other security documents for foreign governments pursuant to
paragraph (2) shall be treated in the same manner as articles,
material, and supplies procured for public use within the United
States for purposes of title III of the Act of March 3, 1933 (41
U.S.C. 10a et seq.; commonly referred to as the Buy American
Act).
(b) United States currency has the inscription "In God We Trust"
in a place the Secretary decides is appropriate. Only the portrait
of a deceased individual may appear on United States currency and
securities. The name of the individual shall be inscribed below the
portrait.
(c) The Secretary may make a contract for a period of not more
than 4 years to manufacture distinctive paper for United States
currency and securities. To promote competition among manufacturers
of the distinctive paper, the Secretary may split the award for the
manufacture of the paper between the 2 bidders with the lowest
prices a pound. When the Secretary decides that it is necessary to
operate more than one mill to manufacture distinctive paper, the
Secretary may -
(1) employ individuals temporarily at rates of pay equivalent
to the rates of pay of regular employees; and
(2) charge the pay of the temporary employees to the
appropriation available for manufacturing distinctive paper.