15 USC 689m - Additional penalties for noncompliance

U.S Code last checked for updates: Nov 22, 2024

§ 689m.

Additional penalties for noncompliance

(a)

In general

With respect to any New Markets Venture Capital company that violates or fails to comply with any of the provisions of this chapter, of any regulation issued under this chapter, or of any participation agreement entered into under this chapter, the Administrator may in accordance with this section—

(1)

void the participation agreement between the Administrator and the company; and

(2)

cause the company to forfeit all of the rights and privileges derived by the company from this chapter.

(b)

Adjudication of noncompliance

(1)

In general

(2)

Parties authorized to file causes of action

(Pub. L. 85–699, title III, § 364, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–663.)

cite as: 15 USC 689m