{"identifier":"/us/usc/t28/s1658","title":28,"num":"\u00a7\u202f1658.","heading":"Time limitations on the commencement of civil actions arising under Acts of Congress","text":"\u00a7\u202f1658.\nTime limitations on the commencement of civil actions arising under Acts of Congress\n(a) 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.\n(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 (\n(1) 2 years after the discovery of the facts constituting the violation; or\n(2) 5 years after such violation.","url":"https://projectusc.org/usc/t28/s1658.html","content":[{"t":"sec","id":"/us/usc/t28/s1658","children":[{"t":"num","text":"\u00a7\u202f1658."},{"t":"heading","text":"Time limitations on the commencement of civil actions arising under Acts of Congress"},{"t":"subsec","id":"/us/usc/t28/s1658/a","children":[{"t":"num","text":"(a)"},{"t":"content","text":" 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.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t28/s1658/b","children":[{"t":"num","text":"(b)"},{"t":"chapeau","text":" 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 (","children":[{"t":"ref","text":"15 U.S.C. 78c(a)(47)","href":"/us/usc/t15/s78c/a/47","tail":"), may be brought not later than the earlier of\u2014"}]},{"t":"para","id":"/us/usc/t28/s1658/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" 2 years after the discovery of the facts constituting the violation; or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t28/s1658/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" 5 years after such violation.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}