Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.7 KiB
Markdown
42 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "15 U.S.C. § 77z–3"
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description: "General exemptive authority"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 15
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title_name: "COMMERCE AND TRADE"
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chapter_number: "2A"
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chapter_name: "SECURITIES AND TRUST INDENTURES"
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section: "77z–3"
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citation: "15 U.S.C. § 77z–3"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
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source_identifier: "/us/usc/t15/s77z–3"
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source_file: "data/legal/raw/us/code/title-15/usc15.xml"
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source_hash: "c235283c6397d35f34203f1127abb633a6573700123cff8eb01ee9736beeb9db"
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raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
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text_hash: "afb6bca03306d5e1c013a8d62250f64cbe9baa38a8ade99cd8809fa6c3b80dd0"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 15 U.S.C. § 77z–3 - General exemptive authority
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## Text
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The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this subchapter or of any rule or regulation issued under this subchapter, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.
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(May 27, 1933, ch. 38, title I, § 28, as added Pub. L. 104–290, title I, § 105(a), Oct. 11, 1996, 110 Stat. 3424; amended Pub. L. 105–353, title III, § 301(a)(5), Nov. 3, 1998, 112 Stat. 3235.)
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## Notes
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Editorial Notes
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Amendments1998—Pub. L. 105–353 made technical correction relating to placement of section in subchapter.
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