§ 79y. — Jurisdiction of offenses and suits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC79y]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2C--PUBLIC UTILITY HOLDING COMPANIES
Sec. 79y. Jurisdiction of offenses and suits
The District Courts of the United States and the United States
courts of any Territory or other place subject to the jurisdiction of
the United States shall have jurisdiction of violations of this chapter
or the rules, regulations, or orders thereunder, and, concurrently with
State and Territorial courts, of all suits in equity and actions at law
brought to enforce any liability or duty created by, or to enjoin any
violation of, this chapter or the rules, regulations, or orders
thereunder. Any criminal proceeding may be brought in the district
wherein any act or transaction constituting the violation occurred. Any
suit or action to enforce any liability or duty created by, or to enjoin
any violation of, this chapter or rules, regulations, or orders
thereunder, may be brought in any such district or in the district
wherein the defendant is an inhabitant or transacts business, and
process in such cases may be served in any district of which the
defendant is an inhabitant or transacts business or wherever the
defendant may be found. Judgments and decrees so rendered shall be
subject to review as provided in sections 1254, 1291, 1292, and 1294 of
title 28. No costs shall be assessed for or against the Commission in
any proceeding under this chapter brought by or against the Commission
in any court.
(Aug. 26, 1935, ch. 687, title I, Sec. 25, 49 Stat. 835; June 25, 1936,
ch. 804, 49 Stat. 1921; June 25, 1948, ch. 646, Sec. 32(b), 62 Stat.
991; May 24, 1949, ch. 139, Sec. 127, 63 Stat. 107; Pub. L. 100-181,
title IV, Sec. 404, Dec. 4, 1987, 101 Stat. 1260.)
Codification
As originally enacted section contained references to the Supreme
Court of the District of Columbia. Act June 25, 1936, substituted ``the
district court of the United States for the District of Columbia'' for
``the Supreme Court of the District of Columbia''. Pub. L. 100-181
struck out reference to the district court of the United States for the
District of Columbia. Previously, act June 25, 1948, as amended by act
May 24, 1949, had substituted ``United States District Court for the
District of Columbia'' for ``district court of the United States for the
District of Columbia'', but such words had been editorially eliminated
as superfluous in view of section 132(a) of Title 28, Judiciary and
Judicial Procedure, which provides that ``There shall be in each
judicial district a district court which shall be a court of record
known as the United States District Court for the district'', and
section 88 of title 28 which provides that ``the District of Columbia
constitutes one judicial district''.
Amendments
1987--Pub. L. 100-181 struck out ``, the district court of the
United States for the District of Columbia,'' after ``District Courts of
the United States'' and substituted ``sections 1254, 1291, 1292, and
1294 of title 28'' for ``sections 128 and 240 of the Judicial Code, as
amended (U.S.C., title 28, secs. 225 and 347), and section 7, as
amended, of the Act entitled `An Act to establish a court of appeals for
the District of Columbia', approved February 9, 1893 (D.C. Code, title
18, sec. 26)''. See Codification note above.
Transfer of Functions
For transfer of functions of Securities and Exchange Commission,
with certain exceptions, to Chairman of such Commission, see Reorg. Plan
No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat.
1265, set out under section 78d of this title.
