FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶88

The majority’s favorite parts of the Reports thus only serve to confirm that Congress was, in fact, thinking about rescission when it amended Section 47(b). And what did Congress know about rescission as relevant to Section 47(b) in 1980? That this Court had found in its language an implied private right of action to seek rescission. See TAMA, 444 U. S., at 18–19; H. R. Rep. No. 96–1341, at 28–29, n. 6 (citing TAMA).

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