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26 U.S.C. 7001: Collection of foreign itemsText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 26-INTERNAL REVENUE CODECHAPTER 72-LICENSING AND REGISTRATION
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§7001. Collection of foreign items

(a)  License

All persons undertaking as a matter of business or for profit the collection of foreign payments of interest or dividends by means of coupons, checks, or bills of exchange shall obtain a license from the Secretary and shall be subject to such regulations enabling the Government to obtain the information required under subtitle A (relating to income taxes) as the Secretary shall prescribe.

(b)  Penalty for failure to obtain license

For penalty for failure to obtain the license provided for in this section, see section 7231.

( Aug. 16, 1954, ch. 736 , 68A Stat. 845 ; Pub. L. 94–455, title XIX, § 1906(b)(13)(A) , Oct. 4, 1976 , 90 Stat. 1834 .)

Editorial Notes

Amendments

1976⁠—Subsec. (a). Pub. L. 94–455 struck out “or his delegate” after “Secretary” wherever appearing.