---
kind: "section"
citation: "15 U.S.C. § 77ll"
title: "15"
title_heading: "Commerce and Trade"
number: "77ll"
heading: "Effective date of subchapter"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/77ll"
units:
  - "Chapter 2A — Securities and Trust Indentures"
  - "Subchapter II — Foreign Securities"
---

# §77ll. Effective date of subchapter


This subchapter shall not take effect until the President finds that its taking effect is in the public interest and by proclamation so declares.


## Source credit

(May 27, 1933, ch. 38, title II, § 211, 48 Stat. 95.)