Title 15 — Commerce and TradeRelease 119-73
§689h Bank participation
Title 15 › Chapter CHAPTER 14B— - SMALL BUSINESS INVESTMENT PROGRAM › Subchapter SUBCHAPTER III— - INVESTMENT DIVISION PROGRAMS › Part Part B— - New Markets Venture Capital Program › § 689h
Summary
National banks, banks that belong to the Federal Reserve, and insured state banks when state law allows may invest in New Markets Venture Capital companies or in companies set up only to invest in those NMVC companies. No bank can put in more than 5 percent of its capital and surplus in these investments.
Full Legal Text
Title 15, §689h
Commerce and Trade — Source: USLM XML via OLRC
(a)Except as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any New Markets Venture Capital company, or in any entity established to invest solely in New Markets Venture Capital companies.
(b)No bank described in subsection (a) may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.
Reference
Citations & Metadata
Citation
15 U.S.C. § 689h
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73