15 U.S. Code § 1846 - Powers and duties

(a) Board; inspection of documents; disapproval of certain transactions
The Board is authorized to inspect and copy all accounts, books, records, memoranda, correspondence, and other documents of any enterprise which has received financial assistance under this chapter concerning any matter which may bear upon
(1) the ability of such enterprise to repay the loan within the time fixed therefor;
(2) the interests of the United States in the property of such enterprise; and
(3) the assurance that there is reasonable protection to the United States. The Board is authorized to disapprove any transaction of such enterprise involving the disposition of its assets which may affect the repayment of a loan that has been guaranteed pursuant to the provisions of this chapter.
(b) Government Accountability Office; audit; report to Board and Congress
The Government Accountability Office shall make a detailed audit of all accounts, books, records, and transactions of any borrower with respect to which an application for a loan guarantee is made under this chapter. The Government Accountability Office shall report the results of such audit to the Board and to the Congress.


(Pub. L. 92–70, § 7,Aug. 9, 1971, 85 Stat. 180; Pub. L. 108–271, § 8(b),July 7, 2004, 118 Stat. 814.)

2004—Subsec. (b). Pub. L. 108–271substituted “Government Accountability Office” for “General Accounting Office” in two places.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

15 USCDescription of ChangeSession YearPublic LawStatutes at Large


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