WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 14B

15 U.S.C. 662: Definitions

Created in 1958 by Public Law 85-699. Changed by 11 later laws. 1 new law this Congress changed it.

6 other sections of the Code cite this one, including 7 U.S.C. 2008w, 12 U.S.C. 635, 12 U.S.C. 1851, 15 U.S.C. 636, 18 U.S.C. 20.

2 parts of federal rules cite it as their authority, written by Small Business Administration (2).

This Congress

  • H.R. 2066 Investing in All of America Act of 2025 · became law · changed (9)

How it got here

2018

  • Pub. L. 115–333 added par. (20). (Spurring Business in Communities Act of 2017) Law text · (20)

2007

  • Pub. L. 110–140 added pars. (18) and (19). (Energy Independence and Security Act of 2007) Law text · (18), (19)

2000

  • Pub. L. 106–554, §1(a)(9) [title IV, §402(a)], inserted before semicolon at end "regardless of the allocation of control during the investment period under any investment agreement between the business concern and the entity making the investment". (Consolidated Appropriations Act, 2001) Law text · (5)
  • Pub. L. 106–554, §1(a)(9) [title IV, §402(b)], added par. (17). (Consolidated Appropriations Act, 2001) Law text · (17)

1999

  • Pub. L. 106–9, §2(c)(1), designated existing provisions after "for purposes of this chapter" as subpar. (A), redesignated former subpars. (A) to (C) as cls. (i) to (iii), respectively, and added subpar. (B). (Small Business Investment Improvement Act of 1999) Law text · (5)
  • Pub. L. 106–9, §2(c)(2), inserted before "; or": "except that, for purposes of this clause, if the business concern is not required by law to pay Federal income taxes at the enterprise level, but is required to pass income through to the shareholders, partners, beneficiaries, or o… (Small Business Investment Improvement Act of 1999) Law text · (12)

1997

  • Pub. L. 105–135 added subcl. (I) and redesignated former subcls. (I) and (II) as (II) and (III), respectively. (Small Business Reauthorization Act of 1997) Law text · (9)

1996

  • Pub. L. 104–208, §208(a)(1), inserted before semicolon at end ", except that, for purposes of this chapter, an investment by a venture capital firm, investment company (including a small business investment company) employee welfare benefit plan or pension plan, or trust, foundation, or e… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (5)
  • Pub. L. 104–208, §208(a)(2), amended par. (9) generally. Prior to amendment, par. (9) read as follows: "notwithstanding any other provision of law, the term 'private capital' means the private paid-in capital and paid-in surplus of a corporate licensee, or the private partnership capital … (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (9)
  • Pub. L. 104–208, §208(a)(3), added pars. (10) to (16) and struck out former par. (10) which read as follows: "the term 'leverage' includes debentures purchased or guaranteed by the Administration, participating securities purchased or guaranteed by the Administration, or preferr… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (10), (11), (12), (13), (14), (15), (16)

1992

  • Pub. L. 102–366 added pars. (9) and (10). · (9), (10)

1976

  • Pub. L. 94–305 added par. (8). · (8)

1972

  • Pub. L. 92–595 substituted "section 681" for "section 681(c)". · (3)
  • Pub. L. 92–595 substituted "section 681" for "section 681(c)". · (7)

1961

  • Pub. L. 87–341, §2(1), inserted "licensee" and substituted "company approved by the Administration to operate under the provisions of this chapter and issued a license as provided in section 681(c) of this title" for "small business investment company organized as provided in subchapter I… · (3)
  • Pub. L. 87–341, §2(2), added par. (7). · (7)

1960

  • Pub. L. 86–502 substituted definition of "State" for definition of "United States". · (4)

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.