§ 451. — Extension of credit by regulated industries; regulations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 2USC451]
TITLE 2--THE CONGRESS
CHAPTER 14--FEDERAL ELECTION CAMPAIGNS
SUBCHAPTER II--GENERAL PROVISIONS
Sec. 451. Extension of credit by regulated industries;
regulations
The Secretary of Transportation, the Federal Communications
Commission, and the Surface Transportation Board shall each maintain,\1\
its own regulations with respect to the extension of credit, without
security, by any person regulated by the Secretary under subpart II of
part A of subtitle VII of title 49, or such Commission or Board, to any
candidate for Federal office, or to any person on behalf of such a
candidate, for goods furnished or services rendered in connection with
the campaign of such candidate for nomination for election, or election,
to such office.
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\1\ So in original. The comma probably should not appear.
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(Pub. L. 92-225, title IV, Sec. 401, Feb. 7, 1972, 86 Stat. 19; Pub. L.
93-443, title II, Sec. 201(b)(1), Oct. 15, 1974, 88 Stat. 1275; Pub. L.
103-272, Sec. 4(a), July 5, 1994, 108 Stat. 1360; Pub. L. 104-88, title
III, Sec. 313, Dec. 29, 1995, 109 Stat. 948; Pub. L. 104-287, Sec. 6(g),
Oct. 11, 1996, 110 Stat. 3399.)
References in Text
Subpart II of part A of subtitle VII of title 49, referred to in
text, is set out in section 41101 et seq. of Title 49, Transportation.
Amendments
1996--Pub. L. 104-287 substituted ``the Secretary'' for ``such
Secretary''.
1995--Pub. L. 104-88 inserted ``or Board'' after ``or such
Commission'' and substituted ``Surface Transportation Board shall each
maintain'' for ``Interstate Commerce Commission shall each promulgate,
within ninety days after February 7, 1972''.
1994--Pub. L. 103-272 substituted ``Secretary of Transportation''
for ``Civil Aeronautics Board'' and ``Secretary under subpart II of part
A of subtitle VII of title 49, or such Commission,'' for ``Board or
Commission''.
1974--Pub. L. 93-443 struck out ``(as such term is defined in
section 431(c) of this title)'' after ``Federal office''.
Effective Date of 1995 Amendment
Amendment by Pub. L. 104-88 effective Jan. 1, 1996, see section 2 of
Pub. L. 104-88, set out as an Effective Date note under section 701 of
Title 49, Transportation.
Effective Date of 1974 Amendment
Amendment by Pub. L. 93-443 effective Jan. 1, 1975, see section
410(a) of Pub. L. 93-443, set out as a note under section 431 of this
title.
