The law › Title 15, Commerce and Trade › Chapter 2D
15 U.S.C. 80a-22: Distribution, redemption, and repurchase of securities; regulations by securities associations
Created in 1970 by Public Law 91-547. Changed by 1 later law. 1 bill in this Congress would change it.
1 part of federal rules cite it as their authority, written by Securities and Exchange Commission (1).
- past change
- enacted this Congress
- proposed
This Congress
- H.R. 2478 Financial Exploitation Prevention Act of 2025 · passed house · would change (h)
How it got here
1987
- Pub. L. 100–181, §616(1), substituted "subsection (b)(6)" for "subsection (b)(8)" in par. (1). · (b)
- Pub. L. 100–181, §616(2), (3), redesignated par. (3) as (2) and substituted "section 78s(c)" for "section 78o–3(k)(2)", redesignated par. (4) as (3), and struck out former par. (2) which read as follows: "At any time after the expiration of eighteen months from December 14, 1970, or after a securit… · (b)
- Pub. L. 100–181, §616(4), (5), in introductory provisions, substituted "redemption, or postpone" for "redemption or postpone" and "redemption, except" for "redemption except", and, in closing provisions, struck out "Any company which, as of March 15, 1940, was required by provision of … · (e)
1970
- Pub. L. 91–547, §12(a), designated existing provisions as par. (1), inserted "notwithstanding the provisions of subsection (b)(8) thereof but", and "other" in phrase "all other provisions", substituted exclusion of "excessive sales load" for "unconscionable or grossly excessive sales l… · (b)
- Pub. L. 91–547, §12(b), provided for application of rules and regulations to registered investment companies, struck out introductory phrase "After one year from the effective date of this chapter", "registered" before "securities association" where first appearing, and substituted "pr… · (c)
- Pub. L. 91–547, §12(c), substituted "public offering price described in the prospectus. Nothing in this subsection" for "public offering price described in the prospectus: Provided, however, That nothing in this subsection" and struck out "clause (1) or (2) of" before "section 80a–11(b… · (d)
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.