Page:United States Statutes at Large Volume 88 Part 1.djvu/790

 746

5 USC 636.

Investigations.

fifin^?'"^"'' .wr^^^^^*'"^

powers

Service of process.

15 USC 636. 15 USC 639. Report t°^conmutees?^ ° *

15 USC 647.

PUBLIC LAW 93-386-AUG. 23, 1974

[88 STAT.

graph (9) and inserting in lieu thereof a semicolon and by adding at the end of paragraph (9) the following new paragraphs: "(10) upon purchase by the Administration of any deferred participation entered into under section 7 of this Act, continue to charge a rate of interest not to exceed that initially charged by the participating institution on the amount so purchased for the remaining term of the indebtedness; and " (H) make such investigations as he deems necessary to determine whether a recipient of or participant in any assistance under this Act or any other person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or of any rule or regulation under this Act, or of any order issued under this Act. '^^^ Administration shall permit any person to file with it a statement in writing, under oath or otherwise as the Administration shall determine, as to all the facts and circumstances concerning the matter to be investigated. For the purpose of any investigation, the Administration is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, and documents which are relevant to the inquiry. Such attendance of witnesses and the production of any such records may be required from any place in the United States. In case of contumacy by, or refusal to obey a subpena issued to, any person, including a recipient or participant, the Administration may invoke the aid of any court of the United States within the jurisdiction of which such investigation or proceeding is carried on, or where such person resides or carries on business, in requiring the attendance and testimony of witnesses and the production of books, papers, and documents; and such court may issue an order requiring such person to appear before the Administration, there to produce records, if so ordered, or to give testimony touching the matter under investigation. Any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found."; and (2) by striking out the third sentence in paragraph (2) of section 7(h) and inserting in lieu thereof: "The Administration's share of any loan made under this subsection shall bear interest at the rate of 3 per centum per annum." gj,^^ ^ Section 10 of the Small Business Act is amended by adding at the end thereof the following new subsection: .i ^^^ ^ h c Administration shall transmit, not later than December 31 of cacli year, to the Committee on P inking, Housing and Urban Affairs of the Senate and the Committee on Bankino; and Currency of the House of Representatives a sealed report with respect to— "(1) complaints alleging illegal conduct by employees of the Administration which were received or acted upon by the Administration during the preceding fiscal year; and "(2) investigations undertaken by the Administration, including external and internal audits and security and investigation reports.". SEC. 5. Section 18 of the Small Business Act is amended by adding at the end thereof the following new sentence: "If loan applications are being refused or loans denied by such other department or agency responsible for such work or activity due to administratiA^e withholding from obligation or withholding from apportionment, or due to

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