15 USC § 689b - Establishment
---
identifier: "/us/usc/t15/s689b"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 689b - Establishment"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "689b"
section_name: "Establishment"
chapter_number: 14
chapter_name: "SMALL BUSINESS INVESTMENT PROGRAM"
subchapter_number: "III"
subchapter_name: "INVESTMENT DIVISION PROGRAMS"
part_number: "B"
part_name: "New Markets Venture Capital Program"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 85–699, title III, § 353, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–655.)"
---
# § 689b. Establishment
In accordance with this part, the Administrator shall establish a New Markets Venture Capital Program, under which the Administrator may—
**(1)** enter into participation agreements with companies granted final approval under section 689c(e) of this title for the purposes set forth in section 689a of this title;
**(2)** guarantee the debentures issued by New Markets Venture Capital companies as provided in section 689d of this title; and
**(3)** make grants to New Markets Venture Capital companies, and to other entities, under section 689g of this title.
---
**Source Credit**: (Pub. L. 85–699, title III, § 353, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–655.)