From Wikipedia, the free encyclopedia
U.S. legislative act
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
[
edit
]