FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶64

In determining whether statutes create private rights of action, as in interpreting statutes generally, legal context can serve a useful purpose in clarifying the statutory text. See Alexander v. Sandoval, 532 U. S. 275, 288 (2001). “Statutory history,” in particular, “is an important part of [the] context” that supports a statute’s text—“the water in which [the words] swim.” United States v. Hansen, 599 U. S. 762, 775 (2023). And we generally “presum[e]” Congress is aware of our prior “judicial interpretation of a statute” when it takes up the pen to reenact or amend it. Lorillard v. Pons, 434 U. S. 575, 580–581 (1978).

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