Commodity Futures Trading Commission Act of 1974

Commodity Futures Trading Commission Act of 1974
Citations

Long title	An Act to amend the Commodity Exchange Act to strengthen the regulation of futures trading, to bring all agricultural and other commodities traded on exchanges under regulation, and for other purposes.
Enacted by	the 93rd United States Congress
Effective	October 23, 1974
Public law	93-463
Statutes at Large	88 Stat. 1389
Codification
Titles amended	7 U.S.C.: Agriculture
U.S.C. sections amended	7 U.S.C. ch. 1 § 4a
Legislative history
Introduced in the House as H.R. 13113 by William R. Poage (D-TX) on February 27, 1974 Committee consideration by House Agriculture, Senate Agriculture and Forestry Passed the House on April 11, 1974 (281-43) Passed the Senate on September 9, 1974 (passed) Reported by the joint conference committee on September 27, 1974; agreed to by the House on October 9, 1974 (375-4) and by the Senate on October 10, 1974 (agreed) Signed into law by President Gerald Ford on October 23, 1974

Commodity Futures Trading Commission (CFTC) Act of 1974 (P.L. 93-463) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible for regulating the futures trading industry. The Act made extensive changes in the basic authority of Commodity Exchange Act of 1936, which itself had made extensive changes in the original Grain Futures Act of 1922. (7 U.S.C. 1 et seq.).^[1]^[2]

The H.R. 13113 legislation was passed by the 93rd U.S. Congressional session and signed into law by the 38th President of the United States Gerald Ford on October 23, 1974.^[3]

References

↑ This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.
↑ CFTC.gov "About" Check |url= value (help). CFTC.
↑ Peters,Gerhard; Woolley, John T. "Gerald R. Ford: "Statement on Signing the Commodity Futures Trading Commission Act of 1974.," October 24, 1974". The American Presidency Project. University of California - Santa Barbara. Retrieved September 7, 2013.

United States federal agriculture legislation

Farm Bills	Federal Farm Loan Act (1916) Agricultural Adjustment Act (1933) Agricultural Adjustment Act Amendment of 1935 Soil Conservation and Domestic Allotment Act of 1936 Agricultural Adjustment Act of 1938 Agricultural Act of 1948 Agricultural Act of 1949 Agricultural Act of 1954 Agricultural Act of 1956 Agricultural Act of 1961 Food and Agriculture Act of 1965 Agricultural Act of 1970 Agriculture and Consumer Protection Act of 1973 Food and Agriculture Act of 1977 Agriculture and Food Act of 1981 Food Security Act of 1985 Food, Agriculture, Conservation, and Trade Act of 1990 Federal Agriculture Improvement and Reform Act of 1996 Farm Security and Rural Investment Act of 2002 Food, Conservation, and Energy Act of 2008 Agricultural Act of 2014

Additional Legislation	Hatch Act of 1887 Agriculture Appropriation Act of 1905 Agricultural Appropriations Act of 1922 Cotton Futures Act (1914) Cotton Futures Act (1916) Grain Standards Act (1916) Wheat Price Guarantee Act (1919) Future Trading Act (1921) Grain Futures Act (1922) Capper–Volstead Act (1922) Agricultural Marketing Act (1929) Farm Credit Act of 1933 Frazier–Lemke Farm Bankruptcy Act (1934) Bankhead–Jones Act of 1935 Commodity Exchange Act (1936) Bankhead-Jones Farm Tenant Act (1937) Agricultural Marketing Agreement Act of 1937 Agricultural Trade Development and Assistance Act of 1954 National Wool Act of 1954 Agricultural Fair Practices Act of 1967 Farm Credit Act of 1971 Consolidated Farm and Rural Development Act of 1972 Commodity Futures Trading Commission Act of 1974 Agricultural Trade Act of 1978 Agricultural Adjustment Act of 1980 National Aquaculture Act of 1980 Caribbean Basin Economic Recovery Act of 1983 Extra-Long Staple Cotton Act of 1983 Agricultural Credit Act of 1987 Hunger Prevention Act of 1988 Alien Species Prevention and Enforcement Act of 1992 National Wool Act Amendments of 1993 Department of Agriculture Reorganization Act of 1994 Agricultural Research, Extension, and Education Reform Act of 1998 Agriculture Risk Protection Act of 2000

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