2012 US Code
Title 15 - Commerce and Trade
Chapter 14B - SMALL BUSINESS INVESTMENT PROGRAM (§§ 661 - 697g)
Subchapter III - INVESTMENT DIVISION PROGRAMS (§§ 681 - 690q)
Part B - New Markets Venture Capital Program (§§ 689 - 689q)
Section 689m - Additional penalties for noncompliance
Publication Title | United States Code, 2012 Edition, Title 15 - COMMERCE AND TRADE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part B - New Markets Venture Capital Program Sec. 689m - Additional penalties for noncompliance |
Contains | section 689m |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 85-699, title III, §364, as added Pub. L. 106-554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A-663. |
Statutes at Large Reference | 114 Stat. 2763 |
Public Law References | Public Law 85-699, Public Law 106-554 |
Download PDF
With respect to any New Markets Venture Capital company that violates or fails to comply with any of the provisions of this chapter, of any regulation issued under this chapter, or of any participation agreement entered into under this chapter, the Administrator may in accordance with this section—
(1) void the participation agreement between the Administrator and the company; and
(2) cause the company to forfeit all of the rights and privileges derived by the company from this chapter.
(b) Adjudication of noncompliance (1) In generalBefore the Administrator may cause a New Markets Venture Capital company to forfeit rights or privileges under subsection (a) of this section, a court of the United States of competent jurisdiction must find that the 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 company is located.
(2) Parties authorized to file causes of actionEach cause of action brought by the United States under this subsection shall be brought by the Administrator or by the Attorney General.
(Pub. L. 85–699, title III, §364, as added Pub. L. 106–554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–663.)
References in TextFor definition of “this chapter”, referred to in subsec. (a), see References in Text note set out under section 661 of this title.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.