The law › Title 15, Commerce and Trade › Chapter 14B
15 U.S.C. 697: Development company debentures
Created in 1980 by Public Law 85-699. Changed by 13 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. 636, 15 U.S.C. 696, 15 U.S.C. 697a, 15 U.S.C. 697d, 15 U.S.C. 697e.
1 part of federal rules cite it as their authority, written by Small Business Administration (1).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2004
- Pub. L. 108–447, §204, struck out ", but shall not apply to financings approved by the Administration on or after October 1, 2005" before period at end. (Consolidated Appropriations Act, 2005) Law text · (f)
- Pub. L. 108–447, title V, substituted "October 1, 2005" for "October 1, 2004". (Consolidated Appropriations Act, 2005) Law text · (f)
- Pub. L. 108–217 substituted "October 1, 2004" for "May 21, 2004". Law text · (f)
- Pub. L. 108–205, as amended by Pub. L. 108–306, substituted "May 21, 2004" for "March 15, 2004". Law text · (f)
- Pub. L. 108–199 substituted "March 15, 2004" for "October 1, 2003" before period at end. (Consolidated Appropriations Act, 2004) Law text · (f)
2001
- Pub. L. 107–100, §6(b)(1), designated existing provisions following "not exceed" as cl. (i), redesignated former cls. (i) and (ii) as subcls. (I) and (II), respectively, of cl. (i), realigned margins, and added cl. (ii). (Small Business Investment Company Amendments Act of 2001) Law text · (b)
- Pub. L. 107–100, §6(b)(2), added subsec. (i). (Small Business Investment Company Amendments Act of 2001) Law text · (i)
2000
- Pub. L. 106–554 amended heading and text of subsec. (f) generally. Prior to amendment, text read as follows: "The fees authorized by subsections (b) and (c) of this section shall apply to financings approved by the Administration on or after October 1, 1996, but shall not apply to fina… (Consolidated Appropriations Act, 2001) Law text · (f)
1997
- Pub. L. 105–135, §222(1), added subpar. (A) and struck out former subpar. (A) which read as follows: "assesses and collects a fee, which shall be payable by the borrower, in an amount equal to the lesser of— (Small Business Reauthorization Act of 1997) Law text · (b)
- Pub. L. 105–135, §222(2), substituted "2000" for "1997". (Small Business Reauthorization Act of 1997) Law text · (f)
1996
- Pub. L. 104–208, §202(b), substituted "equal to the lesser of—" for "equal to 0.125 percent per year of the outstanding balance of the loan" and added cls. (i) and (ii). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (b)
- Pub. L. 104–208, §202(c), inserted heading and amended text of subsec. (d) generally. Prior to amendment, text read as follows: "The Administration may impose an additional charge for administrative expenses with respect to each debenture for which payment of principal and interest is … (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d)
- Pub. L. 104–208, §202(d), added subsec. (f). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
- Pub. L. 104–208, §202(e), added subsec. (g). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (g)
- Pub. L. 104–208, §203, added subsec. (h). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (h)
1995
- Pub. L. 104–36 added par. (7). Law text · (b)
1994
- Pub. L. 103–403 made technical amendment to Pub. L. 100–590, §112(c). See 1988 Amendment note below. · (c), (d), (e)
1990
- Pub. L. 101–515 added par. (3). · (e)
1988
- Pub. L. 100–590, §114, inserted two provisos that Administration not decline to issue such guarantee when ownership interests of small business concern and of property to be financed with loan are not identical, and that Administrator has determined on case-by-case basis that such o… · (a)
- Pub. L. 100–590, §112(c)(B), formerly §112(c)(1)(B), as amended by Pub. L. 103–403, added subsec. (c). Former subsec. (c) redesignated (d). · (c)
- Pub. L. 100–590, §112(c)(A), formerly §112(c)(1)(A), as amended by Pub. L. 103–403, redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e). · (d)
- Pub. L. 100–590, §117, which directed substitution of "(1) For purposes of" for "For purposes of", redesignated former pars. (1) to (3) as subpars. (A) to (C), respectively, and added par. (2), was executed to subsec. (e) to reflect the probable intent of Congress and the intervening r… · (e)
- Pub. L. 100–590, §112(c)(A), formerly §112(c)(1)(A), as amended by Pub. L. 103–403, redesignated former subsec. (d) as (e). · (e)
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.