---
kind: "section"
citation: "15 U.S.C. § 1850"
title: "15"
title_heading: "Commerce and Trade"
number: "1850"
heading: "Protection of Government’s interest"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/1850"
units:
  - "Chapter 45 — Emergency Loan Guarantees to Business Enterprises"
---

# §1850. Protection of Government’s interest

- (a) **Attorney General, enforcement authority; payments into emergency loan guarantee fund—** The Attorney General shall take such action as may be appropriate to enforce any right accruing to the United States or any officer or agency thereof as a result of the issuance of guarantees under this chapter. Any sums recovered pursuant to this section shall be paid into the emergency loan guarantee fund.
- (b) **Recovery rights; subrogation—** The Board shall be entitled to recover from the borrower, or any other [person](/usc/15/7a.md?p=6) liable therefor, the amount of any payments made pursuant to any guarantee [agreement](/usc/15/7a.md?p=2) entered into under this chapter, and upon making any such payment, the Board shall be subrogated to all the rights of the recipient thereof.

## Source credit

(Pub. L. 92–70, § 11, Aug. 9, 1971, 85 Stat. 181.)