Public Law 119-73 (01/23/2026)

15 U.S.C. § 80a–61

Loans

section 80a–6(f) of this titlesection 80a–21 of this titleNotwithstanding the exemption set forth in , shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that nothing in that section shall be deemed to prohibit—
(1)
section 80a–56(j) of this title any loan to a director, officer, or employee of, or general partner in, a business development company for the purpose of purchasing securities of such company as part of an executive compensation plan, if such loan meets the requirements of ; or
(2)
any loan to a company controlled by a business development company, which companies could be deemed to be under common control solely because a third person controls such business development company.

Aug. 22, 1940, ch. 686Pub. L. 96–477, title I, § 10594 Stat. 2287(, title I, § 62, as added , , .)