Trust Indenture Act of 1939

Trust Indenture Act of 1939

Enacted by	the 76th United States Congress
Citations
Public law	Pub. L. 76–253
Statutes at Large	53 Stat. 1149
Codification
Acts amended	Securities Act of 1933 (inserted as Title III)
U.S.C. sections created	15 U.S.C. §§ 77aaa–77bbbb
Legislative history
Introduced in the Senate as S. 2065 Committee consideration by Senate Banking and Currency Committee, House Interstate and Foreign Commerce Committee Passed the Senate on May 2, 1939  Passed the House on July 19, 1939  with amendment Senate agreed to House amendment on July 21, 1939 () Signed into law by President Franklin D. Roosevelt on August 3, 1939
Major amendments
Act as amended (amendments noted by section)

The Trust Indenture Act of 1939 (TIA), codified at 15 U.S.C. §§ 77aaa–77bbbb, supplements the Securities Act of 1933 in the case of the distribution of debt securities in the United States. Generally speaking, the TIA requires the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of the securities, and specifies various substantive provisions for the trust indenture that must be entered into by the issuer and the trustee. The TIA is administered by the U.S. Securities and Exchange Commission (SEC), which has made various regulations under the act.