(a) In generalExcept as provided in subsection (b), any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any New Markets Venture Capital company, or in any entity established to invest solely in New Markets Venture Capital companies.
(b) LimitationNo bank described in subsection (a) may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.
Structure US Code
CHAPTER 14B— SMALL BUSINESS INVESTMENT PROGRAM
SUBCHAPTER III— INVESTMENT DIVISION PROGRAMS
Part B— New Markets Venture Capital Program
§ 689c. Selection of New Markets Venture Capital companies
§ 689e. Issuance and guarantee of trust certificates
§ 689g. Operational assistance grants
§ 689i. Federal Financing Bank
§ 689l. Injunctions and other orders
§ 689m. Additional penalties for noncompliance
§ 689n. Unlawful acts and omissions; breach of fiduciary duty