(Pub. L. 95–405, § 26,Sept. 30, 1978, 92 Stat. 877; Pub. L. 97–444, title II, § 237,Jan. 11, 1983, 96 Stat. 2325.)
References in Text
The Commodity Exchange Act, referred to in subsec. (c), is act Sept. 21, 1922, ch. 369, 42 Stat. 998
, as amended, which is classified generally to chapter 1 (§ 1 et seq.) of this title. For complete classification of this Act to the Code, see section
of this title and Tables.
Section was enacted as part of the Futures Trading Act of 1978, and not as part of the Commodity Exchange Act which comprises this chapter.
1983—Pub. L. 97–444
designated existing provisions as subsec. (a) and added subsecs. (b) and (c).
Effective Date of 1983 Amendment
Amendment by Pub. L. 97–444
effective Jan. 11, 1983, see section 239 ofPub. L. 97–444
, set out as a note under section
of this title.
Section effective Oct. 1, 1978, see section 28 ofPub. L. 95–405
, set out as an Effective Date of 1978 Amendment note under section
of this title.
Study of Assessments on Transactions
Pub. L. 102–546
, title II, § 218,Oct. 28, 1992, 106 Stat. 3612
, provided that:
“(a) Study.—The Comptroller General of the United States shall conduct a study to determine whether—
“(1) it is feasible to fund some or all of the enforcement and market surveillance activities of the Commodity Futures Trading Commission, as required by the amendments to the Commodity Exchange Act made by the Futures Trading Practices Act of 1992 [see Short Title of 1992 Amendment note set out under section
of this title], through the imposition of an assessment on commodity futures and options transactions executed pursuant to the Commodity Exchange Act [7
et seq.]; and
“(2) a program of assessment-based funding for some or all of such enforcement and market surveillance activities would better provide resources to the Commodity Futures Trading Commission to enable the Commission to—
“(A) protect the interests of market users (including hedgers and speculators), producers of commodities traded on the futures markets, and the general public; and
“(B) maintain and enhance the credibility of such futures and options markets.
“(b) Report.—Not later than one year after the date of enactment of this Act [Oct. 28, 1992], the Comptroller General shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report containing the Comptroller General’s determinations pursuant to subsection (a), together with any appropriate recommendations for the implementation of such a program of assessment-based funding for some or all of the Commodity Futures Trading Commission’s enforcement and market surveillance activities.”