Notice: The uscode.house.gov website is currently operating in a temporary format. While the United States Code remains available from its authoritative source, some website features and functionality are temporarily unavailable.
The United States Code Online is current through Public Law 119-120 (October 7, 2026).
Search & Browse Currency and Updating Classification Tables Popular Name Tool Positive Law Codification Editorial Reclassification Downloads
40 U.S.C. 17307: Purchase of insuranceText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 40-PUBLIC BUILDINGS, PROPERTY, AND WORKSCHAPTER 173-GOVERNMENT LOSSES IN SHIPMENT
Jump To: Source CreditHistorical and Revision Notes

§17307. Purchase of insurance

An executive department, independent establishment, agency, wholly owned Government corporation, officer, or employee may expend money, or incur an obligation, for insurance, or for the payment of premiums on insurance, against loss, destruction, or damage in the shipment of valuables only as specifically authorized by the Secretary of the Treasury. The Secretary may give the authorization if the Secretary finds that the risk of loss, destruction, or damage in the shipment cannot be guarded against adequately by the facilities of the Federal Government or that adequate replacement cannot be provided under this chapter.

( Pub. L. 107–217 , Aug. 21, 2002 , 116 Stat. 1282 .)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

17307

40:726.

July 8, 1937, ch. 444, § 4, 50 Stat. 480.

The words “On and after the effective date of the regulations prescribed under section 721 of this title” are omitted as obsolete. The words “the circumstances are such that” are omitted as unnecessary.