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18 U.S.C. § 478 — Foreign obligations or securities

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 80 words · no verdicts yet

in plain englishAI-generated · not legal advice

It is illegal, inside the United States and with intent to defraud, to falsely make, alter, forge, or counterfeit a bond, certificate, obligation, or security of a foreign government. This also covers a foreign government's treasury notes, bills, or promises to pay that are meant to be used as money. Anyone who does this can be fined or imprisoned for up to 20 years, or both.

This section applies to anyone who, inside the United States, acts with intent to defraud and falsely makes, alters, forges, or counterfeits: a bond, certificate, obligation, or other security that claims to be, or copies, a real security issued by a foreign government; or a foreign government's treasury note, bill, or promise to pay that is lawfully issued and meant to circulate as money. Anyone who does this can be fined under this title, imprisoned for up to 20 years, or both.
the actual law source: uscode.house.gov ↗public domain

Whoever, within the United States, with intent to defraud, falsely makes, alters, forges, or counterfeits any bond, certificate, obligation, or other security of any foreign government, purporting to be or in imitation of any such security issued under the authority of such foreign government, or any treasury note, bill, or promise to pay, lawfully issued by such foreign government and intended to circulate as money, shall be fined under this title or imprisoned not more than 20 years, or both.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 707; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147; Pub. L. 107–56, title III, § 375(a), Oct. 26, 2001, 115 Stat. 341.)

history & why it existsrecord from the source credit
  • 1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 707
  • 1994Amended · Pub. L. 103-322 · 108 Stat. 2147
  • 2001Amended · Pub. L. 107-56 · 115 Stat. 341

A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.

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