Sec. 1. Statute of limitations for Commission actions

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Section 21 of the Securities Exchange Act of 1934 (15 U.S.C. 78u) is amended by adding at the end the following: An action or proceeding brought or instituted by the Commission under any provision of the securities laws for a civil monetary penalty may be brought not later than 10 years after the violation. The period of limitations in subparagraph

(A)does not run during any time when an alleged violator is absent from the United States or has no reasonably ascertainable place of abode or work within the United States. For purposes of this subsection, the term civil monetary penalty means relief sought by the Commission under— section 20(d) of the Securities Act of 1933 ( 15 U.S.C. 77t(d) ); section 21(d)(3), 21A(a), subsections

(a)through

(d)of section 21B, section 32(b), 32(c)(1)(B), or 32(c)(2)(B) of this title ( 15 U.S.C. 78u(d)(3) , 15 U.S.C. 78u–1(a), 15 U.S.C. 78u–2(a)-(d), 15 U.S.C. 78ff(b) , 15 U.S.C. 78ff(c)(1)(B) , 15 U.S.C. 78ff(c)(2)(B)); section 9(d) or 42(e) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–9(d) , 15 U.S.C. 80a–41(e)); or section 203(i) or 209(e) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3(i) , 15 U.S.C. 80b–9(e)). . Section 21A(d) of the Securities Act of 1934 (15 U.S.C. 78u–1(d)) is amended by striking paragraph (5).

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U.S. Code

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15 USC 78u–1(a)
15 USC 78u–2(a)
15 USC 80a–9(d)
15 USC 80a–41(e)
15 USC 80b–3(i)
15 USC 80b–9(e)
15 USC 78u–1(d)

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Sec. 1

Statute of limitations for Commission actions

U.S.C.§ 78u

U.S.C.§ 77t

U.S.C.§ 78ff

Cite15 USC 78u–1(a)

Cite15 USC 78u–2(a)

Cite15 USC 80a–9(d)

Cite15 USC 80a–41(e)

Cite15 USC 80b–3(i)

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