PAYMENT OF LOSSES INCURRED OR COLLECTION OF GAINS REALIZED DUE TO FLUCTUATIONS IN FOREIGN CURRENCY IN CONNECTION WITH HOUSING MEMBERS IN PRIVATE HOUSING ABROAD.

SEC. 622. PAYMENT OF LOSSES INCURRED OR COLLECTION OF GAINS REALIZED DUE TO FLUCTUATIONS IN FOREIGN CURRENCY IN CONNECTION WITH HOUSING MEMBERS IN PRIVATE HOUSING ABROAD. (a) Payment or Collection Authorized.—Section 405(d) of title 37, United States Code, is amended to read as follows: “(d)(1) In the case of a member of the uniformed services authorized to receive a per diem allowance under subsection (a), the Secretary concerned may make a lump-sum payment for nonrecurring expenses— “(A) incurred by the member in occupying private housing outside of the United States; and “(B) authorized or approved under regulations prescribed by the Secretary concerned. “(2) Nonrecurring expenses for which a member may be reimbursed under paragraph (1) may include losses sustained by the member on the refund of a rental deposit (or other deposit made by the member to secure housing) as a result of fluctuations in the relative value of the currencies of the United States and the foreign country in which such housing is located. “(3) The Secretary concerned shall recoup the full amount of a refunded deposit referred to in paragraph (2) that was paid by the United States, including any gain resulting from a fluctuation in currency values referred to in that paragraph. “(4) Expenses for which payments are made under this subsection may not be considered for purposes of determining the per diem allowance of the member under subsection (a).”. (b) Application of Amendment.—The amendment made by subsection (a) shall apply with respect to nonrecurring expenses and currency fluctuation gains described in section 405(d) of title 37, United States Code, that are incurred by members of the uniformed services on or after October 1, 1993.