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15 U.S.C. § 80a–49Construction with other laws

submitted 86 years ago by ch. 686 to r/title-15-COMMERCE-AND-TRADE · 141 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law doesn't cut back the SEC's authority under the other main securities laws, or anyone's rights and duties there. It also leaves other government agencies' jurisdiction alone, as long as it doesn't conflict with this law.

Unless this law specifically says otherwise, nothing in it affects (1) the SEC's jurisdiction, under the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, or the investment-adviser chapter of this title, over any person, security, or transaction, or (2) anyone's rights, duties, or liabilities under those laws. Nothing in this law affects the jurisdiction of any other federal, state, or local commission, board, agency, or officer over any person, security, or transaction, as long as that jurisdiction doesn't conflict with this law or its rules or orders.
the actual law source: uscode.house.gov ↗public domain

Except where specific provision is made to the contrary, nothing in this subchapter shall affect (1) the jurisdiction of the Commission under the Securities Act of 1933 [15 U.S.C. 77a et seq.], the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.], the Trust Indenture Act of 1939 [15 U.S.C. 77aaa et seq.], or subchapter II of this chapter, over any person, security, or transaction, or (2) the rights, obligations, duties, or liabilities of any person under such Acts; nor shall anything in this subchapter affect the jurisdiction of any other commission, board, agency, or officer of the United States or of any State or political subdivision of any State, over any person, security, or transaction, insofar as such jurisdiction does not conflict with any provision of this subchapter or of any rule, regulation, or order hereunder.

Source credit: (Aug. 22, 1940, ch. 686, title I, § 50, 54 Stat. 846; Pub. L. 111–203, title IX, § 986(c)(4), July 21, 2010, 124 Stat. 1936.)

history & why it existsrecord from the source credit
  • 1940Enacted · Act of Aug. 22, 1940, ch. 686 · 54 Stat. 846
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 1936

A history note hasn’t been published yet. The record shows enactment by ch. 686 on 1940-08-22.

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