§ 1658. Time limitations on the commencement of civil actions arising under Acts of Congress

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1990

   Federal Courts Study Committee Implementation Act of 1990

   Pub. L. 101–650 title III § 313(a) · 104 Stat. 5089

   Enacted · 28 U.S.C. § 1658

   Added Pub. L. 101–650, title III, § 313(a), Dec. 1, 1990, 104 Stat. 5114

   Source evidence

   Code source credit
   Added Pub. L. 101–650, title III, § 313(a), Dec. 1, 1990, 104 Stat. 5114

   Enacted provision · exact public law section
   (a) In General.— Chapter 111 of title 28, United States Code, is amended by adding at the end thereof the following: “§ 1658. Time limitations on the commencement of civil actions arising under Acts of Congress “Except as otherwise provided by law, a civil action arising under an Act of Congress enacted after the date of the enactment of this section may not be commenced later than 4 years after the cause of action accrues.”.

2. 2002

   Sarbanes-Oxley Act of 2002

   Pub. L. 107–204 title VIII § 804(a) · 116 Stat. 745

   1. Amended · 28 U.S.C. § 1658

      Pub. L. 107–204 designated existing provisions as subsec. (a)

   2. Added · 28 U.S.C. § 1658

      Pub. L. 107–204 added subsec. (b)

   Source evidence

   Code amendment note
   Pub. L. 107–204 designated existing provisions as subsec. (a) and added subsec. (b).

   Enacted provision · exact public law section
   (a) In General.— Section 1658 of title 28, United States Code, is amended— (1) by inserting “(a)” before “Except”; and (2) by adding at the end the following: “(b) Notwithstanding subsection (a), a private right of action that involves a claim of fraud, deceit, manipulation, or contrivance in contravention of a regulatory requirement concerning the securities laws, as defined in section 3(a)(47) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(47)), may be brought not later than the earlier of— “(1) 2 years after the discovery of the facts constituting the violation; or “(2) 5 years after such violation.”.

   Effective date note
   Pub. L. 107–204, title VIII, § 804(b), July 30, 2002, 116 Stat. 801, provided that: “The limitations period provided by section 1658(b) of title 28, United States Code, as added by this section, shall apply to all proceedings addressed by this section that are commenced on or after the date of enactment of this Act [July 30, 2002].”

3 of 3 references resolved to an enrolled provision