U.S. Code Title 7 § 1386: Exemption from laws prohibiting interest of Members of Congress in contracts
Full text of § 1386 from Title 7 of the United States Code.
§ 1386. Exemption from laws prohibiting interest of Members of Congress in contracts
The provisions of section 6306 of title 41 and sections 431 and 432 of title 18 shall not be applicable to loans or payments made under this chapter (except under section 1383(a) of this title).
(Feb. 16, 1938, ch. 30, title III, §386, 52 Stat. 68.)
Editorial Notes
Codification
In text, "section 6306 of title 41" substituted for "section 3741 of the Revised Statutes (U.S.C., 1934 edition, title 41, sec. 22)" on authority of Pub. L. 111–350, §6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts.
"Sections 431 and 432 of title 18" substituted in text for "sections 114 and 115 of the Criminal Code of the United States (U.S.C., 1934 edition, title 18, secs. 204 and 205)" on authority of act June 25, 1948, ch. 645, 62 Stat. 683, the first section of which enacted Title 18, Crimes and Criminal Procedure.
Statutory Notes and Related Subsidiaries
Wool Support Program
Wool support program, application of this section to, see note set out under section 713a–8 of Title 15, Commerce and Trade.
About This Section
7 U.S.C. § 1386 is part of Title 7 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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