Source: https://casetext.com/statute/united-states-code/title-15-commerce-and-trade/chapter-2b-securities-exchanges/section-78y-court-review-of-orders-and-rules
Timestamp: 2020-03-30 00:29:58
Document Index: 591547868

Matched Legal Cases: ['§ 78', '§ 78', '§25', '§32', '§127', '§10', '§20', '§102', '§6']

Section 78y - Court review of orders and rules, 15 U.S.C. § 78y | Casetext Search + Citator
Section 78y - Court review of orders and rules
15 U.S.C. § 78y
(2) The filing of a petition under this section does not operate as a stay of the Commission's order or rule. Until the court's jurisdiction becomes exclusive, the Commission may stay its order or rule pending judicial review if it finds that justice so requires. After the filing of a petition under this section, the court, on whatever conditions may be required and to the extent necessary to prevent irreparable injury, may issue all necessary and appropriate process to stay the order or rule or to preserve status or rights pending its review; but (notwithstanding section 705 of title 5) no such process may be issued by the court before the filing of the record or the materials set forth in subsection (b)(2) of this section unless:
(1) For purposes of the preceding subsections of this section, the term "Commission" includes the agencies enumerated in section 78c(a)(34) of this title insofar as such agencies are acting pursuant to this chapter and the Secretary of the Treasury insofar as he is acting pursuant to section 78o-5 of this title.
June 6, 1934, ch. 404, title I, §25, 48 Stat. 901; June 7, 1934, ch. 426, 48 Stat. 926; June 25, 1948, ch. 646, §32(a), 62 Stat. 991; May 24, 1949, ch. 139, §127, 63 Stat. 107; Pub. L. 85-791, §10, Aug. 28, 1958, 72 Stat. 945; Pub. L. 94-29, §20, June 4, 1975, 89 Stat. 158; Pub. L. 99-571, title I, §102(k), Oct. 28, 1986, 100 Stat. 3220; Pub. L. 101-432, §6(b), Oct. 16, 1990, 104 Stat. 975.
REFERENCES IN TEXTThis chapter, referred to in subsecs. (a)(1) and (d)(1), was in the original "this title". See References in Text note set out under section 78a of this title. The Federal Rules of Appellate Procedure, referred to in subsec. (a)(2), are set out in the Appendix to Title 28, Judiciary and Judicial Procedure.
AMENDMENTS 1990-Subsec. (b)(1). Pub. L. 101-432 inserted "78i(h)(2)," after "section 78f,". 1986-Subsec. (d)(1). Pub. L. 99-571 inserted "and the Secretary of the Treasury insofar as he is acting pursuant to section 78o-5 of this title".1975-Subsec. (a). Pub. L. 94-29 revised existing provisions into five numbered paragraphs. Subsec. (b). Pub. L. 94-29 substituted provisions permitting persons adversely affected by any rule promulgated by the Commission pursuant to sections 78f, 78k, 78k-1, 78o(c)(5) or (6), 78o-3, 78q, 78q-1, or 78s of this title to obtain direct review in an appropriate Court of Appeals for provisions that commencement of proceedings under subsec. (a) shall not, unless specifically ordered by the court, operate as a stay of the Commission's order.Subsecs. (c), (d). Pub. L. 94-29 added subsecs. (c) and (d).1958-Subsec. (a). Pub. L. 85-791 in second sentence, substituted "transmitted by the clerk of the court to" for "served upon", struck out "certify and" before "file in the court", struck out "a transcript of" after "file in the court", and inserted "as provided in section 2112 of title 28", and, in third sentence, substituted "petition" for "transcript", and "jurisdiction, which upon the filing of the record shall be exclusive" for "exclusive jurisdiction".
CHANGE OF NAMEAct June 25, 1948, eff. Sept. 1, 1948, as amended by act May 24, 1949, substituted "court of appeals" for "circuit court of appeals".Act June 7, 1934, substituted "United States Court of Appeals for the District of Columbia" for "Court of Appeals for District of Columbia".
EFFECTIVE DATE OF 1986 AMENDMENT Amendment by Pub. L. 99-571 effective 270 days after Oct. 28, 1986, see section 401 of Pub. L. 99-571 set out as an Effective Date note under section 78o-5 of this title.
Section 78z - Unlawful representations