WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 2B

15 U.S.C. 78ddd: SIPC Fund

Created in 1970 by Public Law 91-598. Changed by 2 later laws. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 12 U.S.C. 5390, 15 U.S.C. 78hhh, 15 U.S.C. 78iii, 15 U.S.C. 78kkk.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203, §929V(a), substituted "0.02 percent of the gross revenues from the securities business of such member of SIPC" for "$150 per annum". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §929C, substituted "$2,500,000,000" for "$1,000,000,000" in first sentence. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (h)

    1978

    • Pub. L. 95–283, §6(a), in par. (2) substituted "Except as otherwise provided in this section, the" for "The", in par. (2)(C) inserted provisions for inapplicability to other lines of credit, and added par. (4). · (a)
    • Pub. L. 95–283, §6(b), in par. (2) struck out "or rule" after "bylaw", and in par. (3) struck out reference to section 78ccc(f) of this title in introductory text and "or rule" after "bylaw" in subpar. (B). · (c)
    • Pub. L. 95–283, §6(c), added subpar. (C). · (d)
    • Pub. L. 95–283, §6(d), in par. (2) substituted "be recoverable only against future payments by such member, except as otherwise provided by SIPC bylaw" for "not be recoverable except against future payments by such member in accordance with a bylaw or rule of SIPC", and in par. (3) sub… · (e)
    • Pub. L. 95–283, §6(e), struck out "examining authority as" before "collection agent for SIPC, shall immediately be subject". · (f)
    • Pub. L. 95–283, §6(f), redesignated cls. (A) to (C) as (1) to (3), respectively, and, as so redesignated, in cl. (2) struck out applicability to a member of a national securities exchange and in cl. (3) substituted provisions relating to exemptions by rule of transactions in the over-t… · (g)
    • Pub. L. 95–283, §6(g), substituted "Consolidated group" for " 'Gross revenues' defined" in heading, redesignated par. (2) as entire section and, as so redesignated, substituted provisions relating to computations by a member, for provisions relating to computations by a broker or deale… · (i)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.