{"data":{"id":"us/15-u.s.c.-80a-59","jurisdiction":"us","citation":"15 U.S.C. § 80a–59","heading":"Functions and activities of business development companies","body":"Notwithstanding the exemption set forth in section 80a–6(f) of this title, section 80a–12 of this title shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that the Commission shall not prescribe any rule, regulation, or order pursuant to section 80a–12(a)(1) of this title governing the circumstances in which a business development company may borrow from a bank in order to purchase any security.","path":["Title 15—COMMERCE AND TRADE","CHAPTER 2D—INVESTMENT COMPANIES AND ADVISERS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc15@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:39Z","sha256":"6a6976222221ff8180b3a57bc49992fc370a5adc43aa54c9254594d8f6a73a02","source_id":"us","stale":true,"prev":"us/15-u.s.c.-80a-58","next":"us/15-u.s.c.-80a-60"},"notice":"GroundRules: Original legal text. Not legal advice."}