---
kind: "section"
citation: "15 U.S.C. § 78nn"
title: "15"
title_heading: "Commerce and Trade"
number: "78nn"
heading: "Tennessee Valley Authority"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/78nn"
units:
  - "Chapter 2B — Securities Exchanges"
---

# §78nn. Tennessee Valley Authority

- (a) **In general—** Commencing with the issuance by the Tennessee Valley Authority of an annual report on [Commission](/usc/15/78c.md?p=a-15) Form 10–K (or any successor thereto) for fiscal year 2006 and thereafter, the Tennessee Valley Authority shall file with the [Commission](/usc/15/78c.md?p=a-15), in accordance with such rules and regulations as the [Commission](/usc/15/78c.md?p=a-15) has prescribed or may prescribe, such periodic, current, and supplementary information, documents, and reports as would be required pursuant to [section 78m of this title](/usc/15/78m.md) if the Tennessee Valley Authority were an [issuer](/usc/15/78c.md?p=a-8) of a [security](/usc/15/78c.md?p=a-10) registered pursuant to [section 78l](/usc/15/78l.md) of this title. Notwithstanding the preceding sentence, the Tennessee Valley Authority shall not be required to register any [securities](/usc/15/78c.md?p=a-10) under this chapter, and shall not be deemed to have registered any [securities](/usc/15/78c.md?p=a-10) under this chapter.
- (b) **Limited treatment as issuer—** Commencing with the issuance by the Tennessee Valley Authority of an annual report on [Commission](/usc/15/78c.md?p=a-15) Form 10–K (or any successor thereto) for fiscal year 2006 and thereafter, the Tennessee Valley Authority shall be deemed to be an [issuer](/usc/15/78c.md?p=a-8) for purposes of [section 78j–1 of this title](/usc/15/78j–1.md), other than for subsection (m)(1) or (m)(3) of [section 78j–1 of this title](/usc/15/78j–1.md). The Tennessee Valley Authority shall not be required by this subsection to comply with the rules issued by any national [securities](/usc/15/78c.md?p=a-10) [exchange](/usc/15/78c.md?p=a-1) or national [securities](/usc/15/78c.md?p=a-10) association in response to rules issued by the [Commission](/usc/15/78c.md?p=a-15) pursuant to [section 78j–1(m)(1) of this title](/usc/15/78j–1.md?p=m-1).
- (c) **No effect on TVA authority—** Nothing in this section shall be construed to diminish, impair, or otherwise affect the authority of the [Board](/usc/15/78c.md?p=a-73) of [Directors](/usc/15/78c.md?p=a-7) of the Tennessee Valley Authority to carry out its statutory functions under the Tennessee Valley Authority Act of 1933 [[16 U.S.C. 831](/usc/16/831.md) et seq.].

## Source credit

(June 6, 1934, ch. 404, title I, § 37, as added Pub. L. 108–447, div. H, title V, § 520(2), Dec. 8, 2004, 118 Stat. 3267.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in subsec. (a), was in the original “this title”. See References in Text note set out under section 78a of this title and Codification note below.

The Tennessee Valley Authority Act of 1933, referred to in subsec. (c), is act May 18, 1933, ch. 32, 48 Stat. 58, which is classified generally to chapter 12A (§ 831 et seq.) of Title 16, Conservation. For complete classification of this Act to the Code, see section 831 of Title 16 and Tables.

### Codification

Pub. L. 108–447, which directed amendment of the Securities Exchange Act of 1934 by adding this section at the end, is reflected in the source credit above as adding this section to title I of the Securities Exchange Act of 1934, to reflect the probable intent of Congress.