Redemption (Buyback) Operations Regulations

Treasury Buyback Regulations (31 CFR Part 375)

Treasury’s securities redemption (buyback) operations regulations set out the terms and conditions by which we may redeem outstanding, unmatured marketable Treasury securities.

Amendments to Treasury’s buyback regulations

Buyback rule update (January 2026)

On January 14, 2026, we issued a notice of proposed rulemaking that would amend the buyback regulations to reflect expanded direct offer submission eligibility, update the certification statements to participate in buyback operations, enhance clarity, and make conforming changes to several sections of the buyback regulations to reflect Treasury’s current practices. Treasury has requested comments by February 13, 2026.

Historical information

On January 19, 2000, we issued the final rules that set out the terms and conditions by which we may redeem (buy back) outstanding, unmatured marketable Treasury securities.

August 1999 proposed version of the buyback rules.

1999 comment letters received on proposed Treasury buy-back rules.

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