Title 15, Commerce and TradeRelease 119-102

§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 Aug 21, 2026|Official source

Summary

The Administrator must create a New Markets Venture Capital Program that can make participation agreements with companies that get final approval to work in the program, guarantee debentures those companies issue, and give grants to those companies and to other entities.

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

Aug 21, 2026

Release point: 119-102