The law › Title 15, Commerce and Trade › Chapter 14A
15 U.S.C. 634: General powers
Created in 1958 by Public Law 85-536. Changed by 25 later laws. No bill we track in this Congress changes it.
7 other sections of the Code cite this one, including 15 U.S.C. 632, 15 U.S.C. 633, 15 U.S.C. 636, 15 U.S.C. 657f, 15 U.S.C. 657t.
21 parts of federal rules cite it as their authority, written by Small Business Administration (21).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2021
- Pub. L. 117–81 added par. (4) and redesignated former par. (4) as (5). (National Defense Authorization Act for Fiscal Year 2022) Law text · (i), (5)
2018
- Pub. L. 115–232 inserted ", including loans guaranteed under paragraph (15) or (35) of section 636(a) of this title" after "deferred participation loans". (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (b)
2016
- Pub. L. 114–328 amended subpar. (B) generally. Prior to amendment, text read as follows: "The Office of Hearings and Appeals shall only hear appeals of matters as described in this chapter, the Small Business Investment Act of 1958 (15 U.S.C. 661 et seq.), and title 13 of the Cod… (National Defense Authorization Act for Fiscal Year 2017) Law text · (i)
2015
- Pub. L. 114–92 added subsec. (i). (National Defense Authorization Act for Fiscal Year 2016) Law text · (i)
2010
- Pub. L. 111–240 added par. (6). (Small Business Jobs Act of 2010) Law text · (g)
2004
2000
- Pub. L. 106–554 amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "each loan shall have been fully disbursed to the borrower prior to any sale." (Consolidated Appropriations Act, 2001) Law text · (f)
1996
- Pub. L. 104–208, §208(i)(1), substituted ": Provided, That with respect to deferred participation loans, the Administrator may, in the discretion of and pursuant to regulations promulgated by the Administrator, authorize participating lending institutions to take actions relating to… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (b)
- Pub. L. 104–208, §103(e), inserted at end "Beginning on March 31, 1997, the sale of the unguaranteed portion of any loan made under section 636(a) of this title shall not be permitted until a final regulation that applies uniformly to both depository institutions and other lenders i… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
- Pub. L. 104–208, §205(a), designated existing provisions as par. (1), redesignated former pars. (1) to (4) as subpars. (A) to (D), respectively, of par. (1), in subpar. (A) substituted "(A) provide for a central registration of all loans and trust certificates sold pursuant to subsecti… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (h)
1995
- Pub. L. 104–36 substituted first sentence for former first sentence which read as follows: "The Administration may collect the following fees for loan guarantees sold into the secondary market pursuant to the provisions of subsection (f) of this section: an amount equal to (A) no… Law text · (g)
1994
- Pub. L. 103–282 inserted ": Provided, That the Administrator may extend the six-month limitation for an additional six months if the Administrator determines the extension is necessary to continue efficient disaster loan making activities" before semicolon at end. · (b)
- Pub. L. 103–403 added pars. (12) and (13). · (b), (13)
1993
- Pub. L. 103–81 added par. (4) and struck out former par. (4) which read as follows: "The Administration shall not collect any fee for any guarantee under this subsection: Provided, That nothing herein shall preclude any agent of the Administration from collecting a fee approved by t… · (g)
1992
- Pub. L. 102–564 substituted "section 636(a)(6)(C) of this title or subsection (e) of this section" for "subsection (e) of this section or section 636(a)(6) or 636(a)(8) of this title". · (f)
1991
- Pub. L. 102–140 substituted "or under section 696 of this title" for "except separate trust certificates shall be issued for loans approved under section 636(a)(13) of this title". · (g)
1988
- Pub. L. 100–590 substituted "except separate trust certificates shall be issued for loans approved" for "except those". · (g)
1984
- Pub. L. 98–352 added subsecs. (f) to (h). · (f), (g), (h)
1980
- Pub. L. 96–302 prohibited an interpretation that authorized the Administrator to contract or otherwise delegate his responsibility for loan servicing to other than Administration personnel, but sanctioned, with respect to deferred participation loans, authority for participating len… · (b)
1978
- Pub. L. 95–510 substituted "Any individual so employed may be compensated at a rate not in excess of the daily equivalent of the highest rate payable under section 5332 of Title 5, including travel time, and, while such individual is away from his or her home or regular place of busine… · (c)
1977
- Pub. L. 95–89 added subsec. (e). · (e)
1976
- Pub. L. 94–305 struck out subsec. (e) which provided for the appointment, by the Administrator, of the Chief Counsel for Advocacy who would serve as a focal point for complaints and suggestions, counsel small businessmen, develop proposals for change, represent interest of small busine… · (e)
1974
- Pub. L. 93–386, §3(1), added pars. (10) and (11). · (b), (11)
- Pub. L. 93–386, §10, added subsec. (e). · (e)
1972
- Pub. L. 92–310 struck out provisions which authorized the Administrator to provide bonds for officers, employees, attorneys, and agents. · (a)
1961
- Pub. L. 87–367 struck out authorization for fifteen additional positions in grades 16, 17, and 18 of the General Schedule of the Classification Act of 1949. · (a)
- Pub. L. 87–305 added subsec. (d). · (d)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.