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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 78aa1 Special provision relating to statute of limitations on private causes of action us united_states_code code_section 15 COMMERCE AND TRADE 2B SECURITIES EXCHANGES 78aa1 15 U.S.C. § 78aa1 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s78aa1 data/legal/raw/us/code/title-15/usc15.xml aebdb31a8c256cbdadd7e50f2a916d49eb00dc9b96d6008b694741dd1d0af07b 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 b545ae690ae4e4ab04f66072f1982a636c5aed847ea4033ef71e9137a7dce4c8 2026-07-04 official
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15 U.S.C. § 78aa1 - Special provision relating to statute of limitations on private causes of action

Text

(a) Effect on pending causes of action The limitation period for any private civil action implied under section 78j(b) of this title that was commenced on or before June 19, 1991, shall be the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991.

(b) Effect on dismissed causes of action Any private civil action implied under section 78j(b) of this title that was commenced on or before June 19, 1991—

(1) which was dismissed as time barred subsequent to June 19, 1991, and

(2) which would have been timely filed under the limitation period provided by the laws applicable in the jurisdiction, including principles of retroactivity, as such laws existed on June 19, 1991,

shall be reinstated on motion by the plaintiff not later than 60 days after December 19, 1991.

(June 6, 1934, ch. 404, title I, § 27A, as added Pub. L. 102242, title IV, § 476, Dec. 19, 1991, 105 Stat. 2387.)

Notes

Editorial Notes

ConstitutionalityFor information regarding the constitutionality of certain provisions of this section, see the Table of Laws Held Unconstitutional in Whole or in Part by the Supreme Court on the Constitution Annotated website, constitution.congress.gov.