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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. § 697c Restrictions on development company assistance us united_states_code code_section 15 COMMERCE AND TRADE 14B SMALL BUSINESS INVESTMENT PROGRAM 697c 15 U.S.C. § 697c 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/s697c data/legal/raw/us/code/title-15/usc15.xml f291342e709326d0e4709f7fe7fed535cdc8219fb25dd11e06b9d577bbaee792 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 384bcd9e99d876b350268bbe71b5276ce5d27da11c5c35e403e4be76bad00614 2026-07-04 official
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15 U.S.C. § 697c - Restrictions on development company assistance

Text

Notwithstanding Any Other Provision of Law: (1) on or after May 1, 1991, no development company may accept funding from any source, including but not limited to any department or agency of the United States Government, if such funding includes any conditions, priorities or restrictions upon the types of small businesses to which they may provide financial assistance under this subchapter or if it includes any conditions or imposes any requirements, directly or indirectly, upon any recipient of assistance under this subchapter; and (2) before such date, no department or agency of the United States Government which provides funding to any development company shall impose any condition, priority or restriction upon the type of small business which receives financing under this subchapter nor shall it include any condition or impose any requirement, directly or indirectly, upon any recipient of assistance under this subchapter: Provided, That the foregoing shall not affect any such conditions, priorities or restrictions if the department or agency also provides all of the financial assistance to be delivered by the development company to the small business and such conditions, priorities or restrictions are limited solely to the financial assistance so provided.

(Pub. L. 85699, title V, § 506, as added Pub. L. 100590, title I, § 117(b), Nov. 3, 1988, 102 Stat. 2998.)