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15 U.S.C. § 691 — Repealed. Pub. L. 87–341, § 11(f), Oct. 3, 1961, 75 Stat. 756
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 85–699, title IV, § 401, Aug. 21, 1958, 72 Stat. 696, related to conversion of any investment company, or any State development company, into a small business investment company.
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Source file: Laws/federal/codes/united-states-code/title-15/section-691-repealed-pub-l-87341-11-f-oct-3-1961-75-stat-756--f7c476d4fe.md
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Source location: Title 15, Chapter 14B, § 691; chapter-14b-small-business-investment-program.md
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### Statutory Notes
Section, Pub. L. 85–699, title IV, § 401, Aug. 21, 1958, 72 Stat. 696, related to conversion of any investment company, or any State development company, into a small business investment company.
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
(1) the term “Administration” means the Small Business Administration;
(2) the term “Administrator” means the Administrator of the Small Business Administration;
(3) the terms “small business investment company”, “company”, and “licensee” mean a company approved by the Administration to operate under the provisions of this chapter and issued a license as provided in [section 681 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section681&num=0&edition=prelim);
(4) the term “State” includes the several States, the territories and possessions of the United States, the Commonwealth of Puerto Rico, and the District of Columbia;
(5) the term “small-business concern” shall have the same meaning as in the Small Business Act [[15 U.S.C. 631](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section631&num=0&edition=prelim) et seq.], except that, for purposes of this chapter—
(A) 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 endowment that is exempt from Federal income taxation—
(i) shall not cause a business concern to be deemed not independently owned and operated regardless of the allocation of control during the investment period under any investment agreement between the business concern and the entity making the investment;
(ii) shall be disregarded in determining whether a business concern satisfies size standards established pursuant to section 3(a)(2) of the Small Business Act [[15 U.S.C. 632(a)(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section632/a/2&num=0&edition=prelim)]; and
(iii) shall be disregarded in
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Federal law — U.S. Code and appendices · legal_authorities
Page 1127
TITLE 15—COMMERCE AND TRADE
§ 692
§ 690m. Miscellaneous
To the extent such procedures are not incon-
sistent with the requirements of this part, the
Administrator may take such action as set forth
in sections 687a, 687c, 687d, and 687f of this title
and an officer, director, employee, agent, or
other participant in the management or conduct
of the affairs of a Renewable Fuel Capital In-
vestment company shall be subject to the re-
quirements of such sections.
(Pub. L. 85–699, title III, § 394, as added Pub. L.
110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat.
1783.)
§ 690n. Removal or suspension of directors or of-
ficers
Using the procedures for removing or sus-
pending a director or an officer of a licensee set
forth in section 687e of this title (to the extent
such procedures are not inconsistent with the
requirements of this part), the Administrator
may remove or suspend any director or officer of
any Renewable Fuel Capital Investment com-
pany.
(Pub. L. 85–699, title III, § 395, as added Pub. L.
110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat.
1783.)
§ 690o. Regulations
The Administrator may issue such regulations
as the Administrator determines necessary to
carry out the provisions of this part in accord-
ance with its purposes.
(Pub. L. 85–699, title III, § 396, as added Pub. L.
110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat.
1783.)
§ 690p. Authorizations of appropriations
(a) In general
Subject to the availability of appropriations,
the
Administrator
is
authorized
to
make
$15,000,000 in operational assistance grants under
section 690h of this title for each of fiscal years
2008 and 2009.
(b) Funds collected for examinations
Funds deposited under section 690l(c)(2) of this
title are authorized to be a
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