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15 U.S.C. § 80a–45 — Reports by Commission; hiring and leasing authority

submitted 86 years ago by ch. 686 to r/title-15-COMMERCE-AND-TRADE · 69 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section lets the SEC hire staff and set their pay to carry out this law. It also lets the SEC lease and allocate real property for that work.

(a) [Omitted.] (b) Hiring and leasing authority. Section 78d(b) applies to the SEC's power to (1) appoint employees and set their pay as needed to carry out its functions under this law, and (2) lease and allocate real property as needed to carry out those functions.
the actual law source: uscode.house.gov ↗public domain
(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.

Source credit: (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. 101–550, title I, § 104(c), Nov. 15, 1990, 104 Stat. 2714.)

history & why it existsrecord from the source credit
  • 1940Enacted · Act of Aug. 22, 1940, ch. 686 · 54 Stat. 845
  • 1949Amended · Act of Oct. 28, 1949, ch. 782 · 63 Stat. 972
  • 1990Amended · Pub. L. 101-550 · 104 Stat. 2714

A history note hasn’t been published yet. The record shows enactment by ch. 686 on 1940-08-22.

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