### Question
How does the law define issuer?


### Answer
Under *15 U.S.C. § 7201*, **issuer** is defined as:

> an issuer (as defined in section 78c of this title), the securities of which are registered under section 78*l* of this title, or that is required to file reports under section 78*o*(d) of this title, or that files or has filed a registration statement that has not yet become effective under the Securities Act of 1933 (15 U.S.C. 77a et seq.), and that it has not withdrawn

#### Citation:
  - *15 U.S.C. § 7201*
  - Heading: **CHAPTER 98-PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY**

