Title 15, Commerce and TradeRelease 119-102
§80b–18 Hiring and Leasing Authority of Commission
Title 15 › CHAPTER 2D — INVESTMENT COMPANIES AND ADVISERS › SUBCHAPTER II — INVESTMENT ADVISERS › § 80b–18
Summary
The rules in section 78d(b) apply to the Commission’s power to hire and set pay for staff, and to lease needed real property.
Full Legal Text
Title 15, §80b–18
Commerce and Trade, Source: USLM XML via OLRC
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 other 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
Amendments
1990—Pub. L. 101–550 amended section generally. Prior to amendment, section related to appointment and compensation of employees. 1949—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Act Oct. 28, 1949, ch. 782, cited as a credit to this section, was repealed (subject to a savings clause) by Pub.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. § 80b–18
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102