Commodity Futures Trading Commission Act of 1974
Encyclopedia
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 1923. (7 U.S.C. 1 et seq.).
Commodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission is an independent agency of the United States government that regulates futures and option markets....
, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority
Commodity Exchange Authority
The Commodity Exchange Authority was a former regulatory agency of USDA. It was established toadminister the Commodity Exchange Act of 1936; it was the predecessor to the Commodity Futures Trading Commission ....
, 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 1923. (7 U.S.C. 1 et seq.).