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15 U.S.C. § 80b–18 — Hiring and leasing authority of Commission

submitted 86 years ago by ch. 686 to r/title-15-COMMERCE-AND-TRADE · 63 words · no verdicts yet

in plain englishAI-generated · not legal advice

The SEC's power to hire staff and lease office space for this law follows the same rules as section 78d(b). That covers both appointing and paying employees, and leasing and assigning real property, needed to do its job under this subchapter.

This section borrows a rule from elsewhere. Section 78d(b) of this title controls two of the Commission's powers here: (1) hiring other employees it needs to carry out its duties under this subchapter, and setting their pay; and (2) leasing and assigning real property it needs for those same duties.
the actual law source: uscode.house.gov ↗public domain

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 other 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 II, § 218, 54 Stat. 857; Oct. 28, 1949, ch. 782, title XI, § 1106(a), 63 Stat. 972; Pub. L. 101–550, title I, § 104(d), Nov. 15, 1990, 104 Stat. 2714.)

history & why it existsrecord from the source credit
  • 1940Enacted · Act of Aug. 22, 1940, ch. 686 · 54 Stat. 857
  • 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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