Title 15 — Commerce and TradeRelease 119-73
§80a–45 Reports by Commission; hiring and leasing authority
Title 15 › Chapter CHAPTER 2D— - INVESTMENT COMPANIES AND ADVISERS › Subchapter SUBCHAPTER I— - INVESTMENT COMPANIES › § 80a–45
Summary
The Commission must follow existing hiring and leasing rules when it hires staff, sets their pay, or leases property needed to carry out work under this subchapter.
Full Legal Text
Title 15, §80a–45
Commerce and Trade — Source: USLM XML via OLRC
(a)
(b)The provisions of section 78d(b) of this title shall be applicable with respect to the power of the Commission—
(1)to appoint and fix the compensation of such employees as may be necessary for carrying out its functions under this subchapter, and
(2)to lease and allocate such real property as may be necessary for carrying out its functions under this subchapter.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Subsection (a), which required the Securities and Exchange Commission to submit an annual report to Congress on the work of the Commission, terminated, effective May 15, 2000, pursuant to section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance. See, also, page 191 of House Document No. 103–7.
Amendments
1990—Subsec. (b). Pub. L. 101–550 amended subsec. (b) generally. Prior to amendment, subsec. (b) related to appointment and compensation of employees. 1949—Subsec. (b). Act Oct. 28, 1949, substituted “Classification Act of 1949” for “Classification Act of 1923”.
Statutory Notes and Related Subsidiaries
Repeals
Act Oct. 28, 1949, ch. 782, set out in the credit of this section, was repealed (subject to a savings clause) by Pub. L. 89–554, Sept. 6, 1966, § 8, 80 Stat. 632, 655.
Executive Documents
Transfer of Functions
For
Transfer of Functions
of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 80a–45
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73