The LM317 is an adjustable positive linear voltage regulator. It was designed by Bob Dobkin in 1976 while he worked at National Semiconductor.

In electronics, a linear regulator is a voltage regulator used to maintain a steady voltage. The resistance of the regulator varies in accordance with both the input voltage and the load, resulting in a constant voltage output. The regulating circuit varies its resistance, continuously adjusting a voltage divider network to maintain a constant output voltage and continually dissipating the difference between the input and regulated voltages as waste heat. By contrast, a switching regulator uses an active device that switches on and off to maintain an average value of output. Because the regulated voltage of a linear regulator must always be lower than input voltage, efficiency is limited and the input voltage must be high enough to always allow the active device to reduce the voltage by some amount.