Title 15 — Commerce and TradeRelease 119-73
§687k Guaranteed obligations not eligible for purchase by Federal Financing Bank
Title 15 › Chapter CHAPTER 14B— - SMALL BUSINESS INVESTMENT PROGRAM › Subchapter SUBCHAPTER III— - INVESTMENT DIVISION PROGRAMS › Part Part A— - Small Business Investment Companies › § 687k
Summary
After September 30, 1985, the Federal Financing Bank must not buy three kinds of debt: debt whose principal or interest was ever guaranteed under this part of the law; ownership interests in that debt; or debt that is backed by or mostly made up of that guaranteed debt.
Full Legal Text
Title 15, §687k
Commerce and Trade — Source: USLM XML via OLRC
Nothing in any provision of law shall be construed to authorize the Federal Financing Bank to acquire after September 30, 1985—
(1)any obligation the payment of principal or interest on which has at any time been guaranteed in whole or in part under this subchapter,
(2)any obligation which is an interest in any obligation described in paragraph (1), or
(3)any obligation which is secured by, or substantially all of the value of which is attributable to, any obligation described in paragraph (1) or (2).
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 318 of Pub. L. 85–699 was classified to section 687j of this title, prior to repeal by Pub. L. 104–208.
Reference
Citations & Metadata
Citation
15 U.S.C. § 687k
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73