Title 15 — Commerce and TradeRelease 119-73not60

§689b Establishment

Title 15 › Chapter 14B— SMALL BUSINESS INVESTMENT PROGRAM › Subchapter III— INVESTMENT DIVISION PROGRAMS › Part B— New Markets Venture Capital Program › § 689b

Last updated Apr 3, 2026|Official source

Summary

Administrator must create New Markets Venture Capital (NMVC) Program to make agreements with companies that have final approval for stated purposes, guarantee NMVC debentures, and give grants to NMVC firms and others.

Full Legal Text

Title 15, §689b

Commerce and Trade — Source: USLM XML via OLRC

In accordance with this part, the Administrator shall establish a New Markets Venture Capital Program, under which the Administrator may—

(1)enter into participation agreements with companies granted final approval under section 689c(e) of this title for the purposes set forth in section 689a of this title;

(2)guarantee the debentures issued by New Markets Venture Capital companies as provided in section 689d of this title; and

(3)make grants to New Markets Venture Capital companies, and to other entities, under section 689g of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 689b

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60