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► 15 U.S.C. § 687g 15 u.s.c. · small business investment program · title 15
15 U.S.C. § 687g
Penalties and forfeitures
Title 15 USC
● ACTIVE
Ch. 14B
Jurisdiction Federal — United States
Chapter SMALL BUSINESS INVESTMENT PROGRAM
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-FF37E5
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part A - Small Business Investment Companies Sec. 687g - Penalties and forfeitures From the U.S. Government Publishing Office, www.gpo.gov

§687g. Penalties and forfeitures

(a) Report violations Except as provided in subsection (b) of this section, a licensee which violates any regulation or written directive issued by the Administrator, requiring the filing of any regular or special report pursuant to section 687b(b) of this title, shall forfeit and pay to the United States a civil penalty of not more than $100 for each and every day of the continuance of the licensee's failure to file such report, unless it is shown that such failure is due to reasonable cause and not due to willful neglect. The civil penalties provided for in this section shall accrue to the United States and may be recovered in a civil action brought by the Administration. (b) Exemption from reporting requirements The Administration may by rules and regulations, or upon application of an interested party, at any time previous to such failure, by order, after notice and opportunity for hearing, exempt in whole or in part, any small business investment company from the provisions of subsection (a) of this section, upon such terms and conditions and for such period of time as it deems necessary and appropriate, if the Administration finds that such action is not inconsistent with the public interest or the protection of the Administration. The Administration may for the purposes of this section make any alternative requirements appropriate to the situation.

(Pub. L. 85–699, title III, §315, as added Pub. L. 89–779, §7, Nov. 6, 1966, 80 Stat. 1364.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 687g is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 687f 15 U.S.C. § 687h →
Chapter 14B — SMALL BUSINESS INVESTMENT PROGRAM
15 U.S.C. § 66115 U.S.C. § 66215 U.S.C. § 67115 U.S.C. § 67215 U.S.C. § 68115 U.S.C. § 68215 U.S.C. § 68315 U.S.C. § 68415 U.S.C. § 68515 U.S.C. § 68615 U.S.C. § 68715 U.S.C. § 687a15 U.S.C. § 687b15 U.S.C. § 687c15 U.S.C. § 687d15 U.S.C. § 687e15 U.S.C. § 687f15 U.S.C. § 687g15 U.S.C. § 687h15 U.S.C. § 687i15 U.S.C. § 687k15 U.S.C. § 687l15 U.S.C. § 687m15 U.S.C. § 688
15 U.S.C. — public domain ← All Legislation
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 687g
Status
● ACTIVE
Chapter
14B — SMALL BUSINESS INVESTMENT PROGRAM
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-FF37E5
Root-LD Spec
v1.0
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Commerce and Trade — 15 U.S.C. § 687g