FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶56

Our decision in TAMA necessarily controlled the question whether Section 47(b) of the ICA implied a private right of action for rescission, since Section 47(b) was identical to— and enacted simultaneously with—Section 215 of the IAA. See Smith v. City of Jackson, 544 U. S. 228, 233 (2005) (opinion of Stevens, J.) (“[W]hen Congress uses the same language in two statutes having similar purposes, particularly when one is enacted shortly after the other, it is appropriate to presume that Congress intended that text to have the same meaning in both statutes”).

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