CITE
15 USC Sec. 80a-45 01/05/2009
EXPCITE
TITLE 15 - COMMERCE AND TRADE
CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER I - INVESTMENT COMPANIES
HEAD
Sec. 80a-45. Reports by Commission; hiring and leasing authority
STATUTE
(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
(Aug. 22, 1940, ch. 686, title I, Sec. 46, 54 Stat. 845; Oct. 28,
1949, ch. 782, title XI, Sec. 1106(a), 63 Stat. 972; Pub. L. 101-
550, title I, Sec. 104(c), Nov. 15, 1990, 104 Stat. 2714.)
CODIFICATION
Subsection (a), which required the Securities and Exchange
Commission to submit an annual report to Congress on the work of
the Commission, terminated, effective May 15, 2000, pursuant to
section 3003 of Pub. L. 104-66, as amended, set out as a note under
section 1113 of Title 31, Money and Finance. See, also, page 191 of
House Document No. 103-7.
AMENDMENTS
1990 - Subsec. (b). Pub. L. 101-550 amended subsec. (b)
generally. Prior to amendment, subsec. (b) related to appointment
and compensation of employees.
1949 - Subsec. (b). Act Oct. 28, 1949, substituted
"Classification Act of 1949" for "Classification Act of 1923".
REPEALS
Act Oct. 28, 1949, ch. 782, set out in the credit of this
section, was repealed (subject to a savings clause) by Pub. L. 89-
554, Sept. 6, 1966, Sec. 8, 80 Stat. 632, 655.
TRANSFER OF FUNCTIONS
For transfer of functions of Securities and Exchange Commission,
with certain exceptions, to Chairman of such Commission, see Reorg.
Plan No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175,
64 Stat. 1265, set out under section 78d of this title.