{"data":{"id":"us/15-u.s.c.-77z-3","jurisdiction":"us","citation":"15 U.S.C. § 77z–3","heading":"General exemptive authority","body":"The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this subchapter or of any rule or regulation issued under this subchapter, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.","path":["Title 15—COMMERCE AND TRADE","CHAPTER 2A—SECURITIES AND TRUST INDENTURES"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc15@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:39Z","sha256":"464da78d546c64931004e7e5394cd4acdebb46baa6038be027c50ff4264bdedd","source_id":"us","stale":true,"prev":"us/15-u.s.c.-77z-2a","next":"us/15-u.s.c.-77z-4"},"notice":"GroundRules: Original legal text. Not legal advice."}