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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 671 Establishment; Associate Administrator; appointment and compensation us united_states_code code_section 15 COMMERCE AND TRADE 14B SMALL BUSINESS INVESTMENT PROGRAM 671 15 U.S.C. § 671 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s671 data/legal/raw/us/code/title-15/usc15.xml eeab30db8c8c8cecb51db92965bb2bd98f5055003a648f5210518d4b687ffecc 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 178d5ba0a82cfe07835e025c14029324e1d32418d4a660fa2dc2b59652bfe693 2026-07-04 official
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15 U.S.C. § 671 - Establishment; Associate Administrator; appointment and compensation

Text

There is hereby established in the Small Business Administration a division to be known as the Small Business Investment Division. The Division shall be headed by an Associate Administrator who shall be appointed by the Administrator, and shall receive compensation at the rate provided by law for other Associate Administrators of the Small Business Administration.

(Pub. L. 85699, title II, § 201, Aug. 21, 1958, 72 Stat. 690; Pub. L. 89117, title III, § 316(b), Aug. 10, 1965, 79 Stat. 484; Pub. L. 89779, § 2, Nov. 6, 1966, 80 Stat. 1359.)

Notes

Editorial Notes

Amendments1966—Pub. L. 89779 substituted “Associated Administrator” for “Deputy Administrator” as the head of the Small Business Investment Division of the Small Business Administration, substituted the rate provided by law for other Associate Administrators of the Small Business Administration for the rate provided by law for the other Deputy Administrators of the Small Business Administration as the standard of compensation for the head of the Small Business Investment Division, and struck out provisions spelling out the proper exercise of the powers conferred on the Administration and on the Administrator through the Small Business Investment Division and the Division head. See section 687(f) of this title. 1965—Pub. L. 89117 provided that the powers conferred by subchapters IVA and V of this chapter shall be exercised through such divisions, sections, or other personnel as the Administrator in his discretion determines.