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LegalText 15 U.S.C. § 80a45 Reports by Commission; hiring and leasing authority us united_states_code code_section 15 COMMERCE AND TRADE 2D INVESTMENT COMPANIES AND ADVISERS 80a45 15 U.S.C. § 80a45 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/s80a45 data/legal/raw/us/code/title-15/usc15.xml 52dc4152e7ba707ce17a2b04173300b26d87f1cb531dea3235db334b50029046 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 d4b12d984bdd99a932b9ea6b1f3b3ccb307f5788ea34305f821d081c35c0d4a7 2026-07-04 official
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15 U.S.C. § 80a45 - Reports by Commission; hiring and leasing authority

Text

(a) Omitted

(b) Hiring and leasing authority The provisions of section 78d(b) of this title shall be applicable with respect to the power of the Commission—

(1) to appoint and fix the compensation of such employees as may be necessary for carrying out its functions under this subchapter, and

(2) to lease and allocate such real property as may be necessary for carrying out its functions under this subchapter.

(Aug. 22, 1940, ch. 686, title I, § 46, 54 Stat. 845; Oct. 28, 1949, ch. 782, title XI, § 1106(a), 63 Stat. 972; Pub. L. 101550, title I, § 104(c), Nov. 15, 1990, 104 Stat. 2714.)

Notes

Editorial Notes

Codification Subsection (a), which required the Securities and Exchange Commission to submit an annual report to Congress on the work of the Commission, terminated, effective May 15, 2000, pursuant to section 3003 of Pub. L. 10466, as amended, set out as a note under section 1113 of Title 31, Money and Finance. See, also, page 191 of House Document No. 1037.

Amendments1990—Subsec. (b). Pub. L. 101550 amended subsec. (b) generally. Prior to amendment, subsec. (b) related to appointment and compensation of employees. 1949—Subsec. (b). Act Oct. 28, 1949, substituted “Classification Act of 1949” for “Classification Act of 1923”.

Statutory Notes and Related Subsidiaries

RepealsAct Oct. 28, 1949, ch. 782, set out in the credit of this section, was repealed (subject to a savings clause) by Pub. L. 89554, Sept. 6, 1966, § 8, 80 Stat. 632, 655.

Executive Documents

Transfer of Functions For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.