# § 1658. Time limitations on the commencement of civil actions arising under Acts of Congress
**(a)** Except as otherwise provided by law, a civil action arising under an Act of Congress enacted after the date of the enactment of this section may not be commenced later than 4 years after the cause of action accrues.
**(b)** Notwithstanding subsection (a), a private right of action that involves a claim of fraud, deceit, manipulation, or contrivance in contravention of a regulatory requirement concerning the securities laws, as defined in section 3(a)(47) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(47)), may be brought not later than the earlier of—
**(1)** 2 years after the discovery of the facts constituting the violation; or
**(2)** 5 years after such violation.
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**Source Credit**: (Added Pub. L. 101–650, title III, § 313(a), Dec. 1, 1990, 104 Stat. 5114; amended Pub. L. 107–204, title VIII, § 804(a), July 30, 2002, 116 Stat. 801.)
## Editorial Notes
### References in Text
The date of the enactment of this section, referred to in subsec. (a), is the date of enactment of , which was approved .
### Amendments
2002— designated existing provisions as subsec. (a) and added subsec. (b).
## Statutory Notes and Related Subsidiaries
### Effective Date of 2002 Amendment
> “The limitations period provided by
>
> , United States Code, as added by this section, shall apply to all proceedings addressed by this section that are commenced on or after the date of enactment of this Act [
>
> ].”
, , , provided that:
### Effective Date
> “The amendments made by this section [enacting this section] shall apply with respect to causes of action accruing on or after the date of the enactment of this Act [
>
> ].”
, , , provided that:
### No Creation of Actions
> “Nothing in this section [amending this section and enacting provisions set out as a note under this section] shall create a new, private right of action.”
, , , provided that: