---
kind: "section"
citation: "15 U.S.C. § 687k"
title: "15"
title_heading: "Commerce and Trade"
number: "687k"
heading: "Guaranteed obligations not eligible for purchase by Federal Financing Bank"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/687k"
units:
  - "Chapter 14B — Small Business Investment Program"
  - "Subchapter III — Investment Division Programs"
  - "Part A — Small Business Investment Companies"
---

# §687k. Guaranteed obligations not eligible for purchase by Federal Financing Bank


Nothing in any provision of law shall be construed to authorize the Federal Financing Bank to acquire after September 30, 1985—

- (1) any obligation the payment of [principal](/usc/15/694a.md?p=6) or interest on which has at any time been guaranteed in whole or in part under this subchapter,
- (2) any obligation which is an interest in any obligation described in [paragraph (1)](#1), or
- (3) any obligation which is secured by, or substantially all of the value of which is attributable to, any obligation described in paragraph [(1)](#1) or [(2)](#2).

## Source credit

(Pub. L. 85–699, title III, § 318, formerly § 320, as added Pub. L. 99–272, title XVIII, § 18004(a), Apr. 7, 1986, 100 Stat. 364; renumbered § 318, Pub. L. 104–208, div. D, title II, § 208(h)(1)(E), Sept. 30, 1996, 110 Stat. 3009–747.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 318 of Pub. L. 85–699 was classified to section 687j of this title, prior to repeal by Pub. L. 104–208.