Commodity Exchange Act
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| Other short titles | Commodity Exchange Act of 1936 |
|---|---|
| Long title | An Act to amend the grain futures act to prevent and remove obstructions and burdens upon interstate commerce in grains and other commodities by regulating transactions therein on commodity futures exchanges, to limit or abolish short selling, to curb manipulation, and for other purposes. |
| Enacted by | the 74th United States Congress |
| Effective | June 15, 1936 |
| Citations | |
| Public law | 74-675 |
| Statutes at Large | 49 Stat. 1491 |
| Codification | |
| Titles amended | 7 U.S.C.: Agriculture |
| U.S.C. sections created | 7 U.S.C. ch. 1 § 1 |
| Legislative history | |
| |
| Major amendments | |
| Dodd–Frank Wall Street Reform and Consumer Protection Act | |
Commodity Exchange Act (ch. 545, 49 Stat. 1491, enacted June 15, 1936) is a federal act passed in 1936 by the U.S. Government (replacing the Grain Futures Act of 1922).
The Act provides federal regulation of all commodities and futures trading activities and requires all futures and commodity options to be traded on organized exchanges. In 1974, the Commodity Futures Trading Commission (CFTC) was created as a result of the Commodity Exchange Act, and in 1982 the National Futures Association (NFA) was created by CFTC.
See also
- Grain Futures Act
- National Futures Association
- Commodity Futures Trading Commission
- Futures exchange
- Futures contract
- Commodity Futures Modernization Act of 2000
External links
- US Code--Title 7--Chapter 1 (Commodity Exchange Act)
- 78227086
- Public Law 74-675, 74th Congress, H. R. 6772: Commodity Exchange Act
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