
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC80a-45]

 
                      TITLE 15--COMMERCE AND TRADE
 
              CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
 
                   SUBCHAPTER I--INVESTMENT COMPANIES
 
Sec. 80a-45. Reports by Commission; hiring and leasing authority


(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.

(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was repealed (subject to a savings clause) by Pub.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.

                  Section Referred to in Other Sections

    This section is referred to in sections 80a-6, 80a-58 of this title.
