15 U.S.C. § 80c — Liaison between Securities and Exchange

Page 619 TITLE 15—COMMERCE AND TRADE § 80c–1 Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective 1 year after July 21, 2010, except that any investment adviser may, at the discretion of the investment adviser, register with the Commission under the Investment Advisers Act of 1940 during that 1-year period, subject to the rules of the Commission, and except as otherwise provided, see section 419 of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 80b–2 of this title. § 80b–19. Separability If any provision of this subchapter or the ap- plication of such provision to any person or cir- cumstances shall be held invalid, the remainder of the subchapter and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby. (Aug. 22, 1940, ch. 686, title II, § 219, 54 Stat. 857.) § 80b–20. Short title This subchapter may be cited as the ‘‘Invest- ment Advisers Act of 1940’’. (Aug. 22, 1940, ch. 686, title II, § 220, 54 Stat. 857.) Statutory Notes and Related Subsidiaries SHORT TITLE OF 2019 AMENDMENT Pub. L. 115–417, § 1, Jan. 3, 2019, 132 Stat. 5438, provided that: ‘‘This Act [amending sections 80b–3 and 80b–3a of this title] may be cited as the ‘RBIC Advisers Relief Act of 2018’.’’ SHORT TITLE OF 2010 AMENDMENT Pub. L. 111–203, title IV, § 401, July 21, 2010, 124 Stat. 1570, provided that: ‘‘This title [enacting sections 80b–18b and 80b–18c of this title, amending sections 80b–2, 80b–3, 80b–3a, 80b–4, 80b–5, 80b–10, and 80b–11 of this title, and enacting provisions set out as notes under sections 77b and 80b–2 of this title] may be cited as the ‘Private Fund Investment Advisers Registration Act of 2010’.’’ SHORT TITLE OF 1996 AMENDMENT Pub. L. 104–290, title III, § 301, Oct. 11, 1996, 110 Stat. 3436, provided that: ‘‘This title [enacting section 80b–3a of this title, amending sections 80b–2, 80b–3, and 80b–18a of this title and section 1002 of Title 29, Labor, and en- acting provisions set out as notes under sections 80b–2, 80b–3a, and 80b–10 of this title and section 1002 of Title 29] may be cited as the ‘Investment Advisers Super- vision Coordination Act’.’’ § 80b–21. Effective date This subchapter shall become effective on No- vember 1, 1940. (Aug. 22, 1940, ch. 686, title II, § 221, 54 Stat. 857.) CHAPTER 2E—OMNIBUS SMALL BUSINESS CAPITAL FORMATION Sec. 80c. Liaison between Securities and Exchange Commission and Small Business Adminis- tration. 80c–1. Annual government-business forum on cap- ital formation. 80c–2. Authorization of appropriations. 80c–3. Reduction of costs of small securities issues. § 80c. Liaison between Securities and Exchange Commission and Small Business Administra- tion (a) Studies on needs, problems, and costs of busi- nesses; availability The Securities and Exchange Commission shall gather, analyze, and make available to the public, information with respect to the capital formation needs, and the problems and costs in- volved with new, small, medium-sized, and inde- pendent businesses. (b) Availability of studies to Small Business Ad- ministration The Commission shall make the results of such studies available to the Small Business Ad- ministration and otherwise have regular com- munication and liaison with such Administra- tion in these matters. (Pub. L. 96–477, title V, § 502, Oct. 21, 1980, 94 Stat. 2292.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Pub. L. 96–477, title V, § 507, Oct. 21, 1980, 94 Stat. 2294, provided that: ‘‘Except as otherwise specified, the amendments made by this title [enacting this chapter and amending section 77s of this title] shall become ef- fective January 1 of the year following the date of en- actment of this Act [Oct. 21, 1980].’’ SHORT TITLE Pub. L. 96–477, title V, § 501, Oct. 21, 1980, 94 Stat. 2291, provided that: ‘‘This title [enacting this chapter and amending section 77s of this title] may be cited as the ‘Omnibus Small Business Capital Formation Act of 1980’.’’ § 80c–1. Annual government-business forum on capital formation (a) Responsibility of Securities and Exchange Commission Pursuant to the consultation called for in sec- tion 80c of this title, the Securities and Ex- change Commission (acting through the Office of the Advocate for Small Business Capital For- mation and in consultation with the Small Busi- ness Capital Formation Advisory Committee) shall conduct an annual Government-business forum to review the current status of problems and programs relating to small business capital formation. (b) Participation in forum planning The Commission shall invite other Federal agencies, such as the Department of the Treas- ury, the Board of Governors of the Federal Re- serve System, the Small Business Administra- tion, organizations representing State securities commissioners, and leading small business and professional organizations concerned with cap- ital formation, to participate in the planning for such forums. (c) Preparation of statements and reports The Commission may request any of the Fed- eral departments, agencies, or organizations such as those specified in subsection (b), or other groups or individuals, to prepare state- ments and reports to be delivered at such fo-