Title 15Commerce and TradeRelease 119-73

§671 Establishment; Associate Administrator; appointment and compensation

Title 15 › Chapter CHAPTER 14B— - SMALL BUSINESS INVESTMENT PROGRAM › Subchapter SUBCHAPTER II— - SMALL BUSINESS INVESTMENT DIVISION OF SMALL BUSINESS ADMINISTRATION › § 671

Last updated Apr 6, 2026|Official source

Summary

Creates a Small Business Investment Division inside the Small Business Administration. The Administrator will appoint an Associate Administrator to lead it, and that person will be paid the same as other SBA Associate Administrators.

Full Legal Text

Title 15, §671

Commerce and Trade — Source: USLM XML via OLRC

There is hereby established in the Small Business Administration a division to be known as the Small Business Investment Division. The Division shall be headed by an Associate Administrator who shall be appointed by the Administrator, and shall receive compensation at the rate provided by law for other Associate Administrators of the Small Business Administration.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1966—Pub. L. 89–779 substituted “Associated Administrator” for “Deputy Administrator” as the head of the Small Business Investment Division of the Small Business Administration, substituted the rate provided by law for other Associate Administrators of the Small Business Administration for the rate provided by law for the other Deputy Administrators of the Small Business Administration as the standard of compensation for the head of the Small Business Investment Division, and struck out provisions spelling out the proper exercise of the powers conferred on the Administration and on the Administrator through the Small Business Investment Division and the Division head. See section 687(f) of this title. 1965—Pub. L. 89–117 provided that the powers conferred by subchapters IV–A and V of this chapter shall be exercised through such divisions, sections, or other personnel as the Administrator in his discretion determines.

Reference

Citations & Metadata

Citation

15 U.S.C. § 671

Title 15Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73