§79z–5. Hiring and leasing authority of Commission

The provisions of section 78d(b) of this title shall be applicable with respect to the power of the Commission-

(1) to appoint and fix the compensation of such employees as may be necessary for carrying out its functions under this chapter, and

(2) to lease and allocate such real property as may be necessary for carrying out its functions under this chapter.

(Aug. 26, 1935, ch. 687, title I, §31, 49 Stat. 837 ; Oct. 28, 1949, ch. 782, title XI, §1106(a), 63 Stat. 972 ; Pub. L. 101–550, title I, §104(a), Nov. 15, 1990, 104 Stat. 2713 .)

Amendments

1990-Pub. L. 101–550 amended section generally. Prior to amendment, section related to appointment and compensation of employees.

1949-Act Oct. 28, 1949, substituted "Classification Act of 1949" for "Classification Act of 1923".

Repeals

Act Oct. 28, 1949, ch. 782, cited as a credit to this section, was repealed (subject to a savings clause) by Pub. L. 89–554, Sept. 6, 1966, §8, 80 Stat. 632 , 655.

Transfer of Functions

For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.