Fabio
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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 15 U.S.C. § 1846 | Powers and duties | us | united_states_code | code_section | 15 | COMMERCE AND TRADE | 45 | EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES | 1846 | 15 U.S.C. § 1846 | 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/s1846 | data/legal/raw/us/code/title-15/usc15.xml | af07b98790936b415e4efd6f87475263dc684accaacba0b161473c0fcfcaf945 | 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 | 66f9fa6ef23944a7586d13447b2f3564a7f358acb4600e1508a010ceddf455b8 | 2026-07-04 | official |
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15 U.S.C. § 1846 - Powers and duties
Text
(a) Board; inspection of documents; disapproval of certain transactions The Board is authorized to inspect and copy all accounts, books, records, memoranda, correspondence, and other documents of any enterprise which has received financial assistance under this chapter concerning any matter which may bear upon (1) the ability of such enterprise to repay the loan within the time fixed therefor; (2) the interests of the United States in the property of such enterprise; and (3) the assurance that there is reasonable protection to the United States. The Board is authorized to disapprove any transaction of such enterprise involving the disposition of its assets which may affect the repayment of a loan that has been guaranteed pursuant to the provisions of this chapter.
(b) Government Accountability Office; audit; report to Board and Congress The Government Accountability Office shall make a detailed audit of all accounts, books, records, and transactions of any borrower with respect to which an application for a loan guarantee is made under this chapter. The Government Accountability Office shall report the results of such audit to the Board and to the Congress.
(Pub. L. 92–70, § 7, Aug. 9, 1971, 85 Stat. 180; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)
Notes
Editorial Notes
Amendments2004—Subsec. (b). Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office” in two places.