---
kind: "section"
citation: "15 U.S.C. § 689b"
title: "15"
title_heading: "Commerce and Trade"
number: "689b"
heading: "Establishment"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/689b"
units:
  - "Chapter 14B — Small Business Investment Program"
  - "Subchapter III — Investment Division Programs"
  - "Part B — New Markets Venture Capital Program"
---

# §689b. Establishment


In accordance with this part, the [Administrator](/usc/15/662.md?p=2) shall establish a New Markets [Venture Capital](/usc/15/690.md?p=6) Program, under which the [Administrator](/usc/15/662.md?p=2) may—

- (1) enter into [participation agreements](/usc/15/689.md?p=6) with [companies](/usc/15/662.md?p=3) granted final approval under [section 689c(e) of this title](/usc/15/689c.md?p=e) for the purposes set forth in [section 689a of this title](/usc/15/689a.md);
- (2) guarantee the debentures issued by [New Markets Venture Capital companies](/usc/15/689.md?p=4) as provided in [section 689d of this title](/usc/15/689d.md); and
- (3) make grants to [New Markets Venture Capital companies](/usc/15/689.md?p=4), and to other entities, under [section 689g of this title](/usc/15/689g.md).

## Source credit

(Pub. L. 85–699, title III, § 353, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–655.)