United States currency notes
31 U.S.C. § 5115
in effect(a) The Secretary of the Treasury may issue United States currency notes. The notes—(1) are payable to bearer; and (2) shall be in a form and in denominations of at least one dollar that the Secretary prescribes.
(b) The amount of United States currency notes outstanding and in circulation—(1) may not be more than $300,000,000; and (2) may not be held or used for a reserve.
Source: OLRC USLMURL: https://uscode.house.gov/download/releasepoints/us/pl/119/95/xml_usc31@119-95.zipFetched: 6/4/2026
