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15 U.S.C. § 689h

Bank participation

United States · Title 15 — COMMERCE AND TRADE · Status: effective

Banking, Finance & Insurance
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15 U.S.C. § 689h, Bank participation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/440590
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Except as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any New Markets Venture Capital company, or in any entity established to invest solely in New Markets Venture Capital companies. No bank described in subsection (a) may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.