2021 US Code
Title 7 - Agriculture
Chapter 50 - Agricultural Credit
Subchapter VIII - Rural Business Investment Program
Sec. 2009cc-13 - Additional penalties for noncompliance
| 7 U.S.C. § 2009cc-13 (2021) |
| §2009cc–13. Additional penalties for noncompliance |
|
(a) In general
With respect to any rural business investment company that violates or fails to comply with this subchapter (including any rule, regulation, order, or participation agreement under this subchapter), the Secretary may, in accordance with this section— (1) void the participation agreement between the Secretary and the rural business investment company; and (2) cause the rural business investment company to forfeit all of the rights and privileges derived by the rural business investment company under this subchapter. Before the Secretary may cause a rural business investment company to forfeit rights or privileges under subsection (a), a court of the United States of competent jurisdiction must find that the rural business investment company committed a violation, or failed to comply, in a cause of action brought for that purpose in the district, territory, or other place subject to the jurisdiction of the United States, in which the principal office of the rural business investment company is located. Each cause of action brought by the United States under this subsection shall be brought by the Secretary or by the Attorney General. |
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(Pub. L. 87–128, title III, §384N, as added Pub. L. 107–171, title VI, §6029, May 13, 2002, 116 Stat. 400.) |
| United States Code, 2018 Edition, Supplement 3, Title 7 - AGRICULTURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER VIII - RURAL BUSINESS INVESTMENT PROGRAM Sec. 2009cc-13 - Additional penalties for noncompliance |
| section 2009cc-13 |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 116 Stat. 400 |
| Public Law 87-128, Public Law 107-171 |
