US Code

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

7 U.S.C. § 2009cc–9

Financial institution investments

(a)

Investment

(1)

In general

Except as otherwise provided in this section and notwithstanding any other provision of law, the following banks, associations, and institutions are eligible both to establish and invest in any rural business investment company or in any entity established to invest solely in rural business investment companies:
(A)
12 U.S.C. 1811 Any bank or savings association the deposits of which are insured under the Federal Deposit Insurance Act ( et seq.), including an investment pool created entirely by such bank or savings association.
(B)
12 U.S.C. 2002(a) Any Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 ().
(2)

Limitation on requirements

section 2009cc–3(a) of this titleThe Secretary may not require that an entity described in paragraph (1) provide investment or capital that is not required of other companies eligible to apply to operate as a rural business investment company under .

(b)

Limitation

No bank, association, or institution described in subsection (a) may make investments described in subsection (a) that are greater than 5 percent of the capital and surplus of the bank, association, or institution.

(c)

Limitation on rural business investment companies controlled by Farm Credit System institutions

12 U.S.C. 2002(a)12 U.S.C. 2001If a Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 () holds more than 50 percent of the shares of a rural business investment company, either alone or in conjunction with other System institutions (or affiliates), the rural business investment company shall not provide equity investments in, or provide other financial assistance to, entities that are not otherwise eligible to receive financing from the Farm Credit System under that Act ( et seq.).

Pub. L. 87–128, title III, § 384JPub. L. 107–171, title VI, § 6029116 Stat. 397Pub. L. 110–234, title VI, § 6027(d)122 Stat. 1182Pub. L. 110–246, § 4(a)122 Stat. 1664Pub. L. 115–334, title VI, § 6426(e)132 Stat. 4771(, as added , , ; amended , , ; , title VI, § 6027(d), , , 1944; , (f), , .)

Editorial Notes

References in Text

act Sept. 21, 1950, ch. 967, § 264 Stat. 873section 1811 of Title 12The Federal Deposit Insurance Act, referred to in subsec. (a)(1)(A), is , , which is classified generally to chapter 16 (§ 1811 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Pub. L. 92–18185 Stat. 583section 2001 of Title 12The Farm Credit Act of 1971, referred to in subsec. (c), is , , , which is classified generally to chapter 23 (§ 2001 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Codification

Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246 and made identical amendments to this section. The amendments by were repealed by .

Amendments

Pub. L. 115–334, § 6426(f)2018—Subsec. (a). , substituted “Investment” for “In general” in heading, designated existing provisions as par. (1) and inserted heading, redesignated former pars. (1) and (2) as subpars. (A) and (B), respectively, of par. (1), added par. (2), and realigned margins.

Pub. L. 115–334, § 6426(e)Subsec. (c). , substituted “50” for “25”.

Pub. L. 110–246, § 6027(d)(1)2008—Subsec. (a)(1). , inserted “, including an investment pool created entirely by such bank or savings association” before period at end.

Pub. L. 110–246, § 6027(d)(2)Subsec. (c). , substituted “25” for “15”.

Statutory Notes and Related Subsidiaries

Effective Date of 2008 Amendment

Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4 of Pub. L. 110–246section 8701 of this titleAmendment of this section and repeal of by effective , the date of enactment of , see , set out as an Effective Date note under .