7 U.S.C. 2: Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce

2022

• Pub. L. 117–286 substituted "Chapter 10 of title 5" for "FACA" in heading and "chapter 10 of title 5." for "the Federal Advisory Committee Act (5 U.S.C. App.)." in text. Law text · (a)

2015

• Pub. L. 114–113 added cls. (i) to (iv) and (vi), redesignated former cl. (iii) as (v), and struck out former cls. (i) and (ii) which related to application of exception to affiliates and prohibition relating to certain affiliates, respectively. (Consolidated Appropriations Act, 2016) Law text · (h)

2010

• Pub. L. 111–203, §734(b)(1)(A), which directed amendment of subpar. (A) by striking "or 7a", could not be executed because of prior amendment by Pub. L. 111–203, §722(a)(1). See below. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
• Pub. L. 111–203, §722(a)(1), inserted "the Wall Street Transparency and Accountability Act of 2010 (including an amendment made by that Act) and" after "otherwise provided in" and substituted "(C), (D), and (I)" for "(C) and (D)", "(c) and (f)" for "(c) through (i) of this section", "swaps or contr… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
• Pub. L. 111–203, §717(a), designated existing provisions as subcl. (I), substituted "Except as provided in subclause (II), this" for "This", and added subcl. (II). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
• Pub. L. 111–203, §722(a)(2), added subpars. (G) and (H). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a), (H)
• Pub. L. 111–203, §722(e), added subpar. (I). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
• Pub. L. 111–203, §727, added pars. (13) and (14). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a), (14)
• Pub. L. 111–203, §751, added par. (15). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
• Pub. L. 111–203, §742(a)(1), substituted ", 7a–1, or 16(e)(2)(B) of this title)" for "7a (to the extent provided in section 7a(g) of this title), 7a–1, 7a–3, or 16(e)(2)(B) of this title)". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §722(c), added cl. (ii) and redesignated former cl. (ii) as (iii). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c), (iii)
• Pub. L. 111–203, §741(b)(8)(A), struck out "(dd)," before "(ee)," wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §742(c)(1)(A), inserted "United States" before "financial institution". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §721(e)(1)(A), substituted "section 1a" for "section 1a(20)" in two places. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §742(c)(1)(B)–(D), redesignated item (ee) as (dd), substituted "; or" for semicolon at end, and struck out former item (dd) which read as follows: "an insurance company described in section 1a(18)(A)(ii) of this title, or a regulated subsidiary or affi… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §721(e)(1)(B), substituted "section 1a(18)(A)(ii)" for "section 1a(12)(A)(ii)". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §742(c)(1)(B), (C), redesignated items (ee) and (gg) as (dd) and (ff), respectively, and struck out former item (ff) which read as follows: "an investment bank holding company (as defined in section 17(i) of the Securities Exchange Act of 1934 … (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §741(b)(8)(B), inserted ", and accounts or pooled investment vehicles described in clause (vi)," before "shall be subject to". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §741(b)(8)(C), added cl. (vi). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §741(b)(9)(A), struck out "(dd)," before "(ee)," wherever appearing. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §741(b)(9)(B), inserted ", and accounts or pooled investment vehicles described in clause (vii)," before "shall be subject to". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §741(b)(9)(C), added cl. (vii). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §742(a)(2), added subpar. (D). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §742(c)(2), added subpar. (E). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §723(a)(1)(A), (2), added subsecs. (d) and (e) and struck out former subsecs. (d) and (e) which related to excluded derivative transactions and excluded electronic trading facilities, respectively. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d), (e)
• Pub. L. 111–203, §723(a)(1), redesignated subsec. (i) as (g) and struck out former subsec. (g) which related to excluded swap transactions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (g)
• Pub. L. 111–203, §734(b)(1)(B), substituted "section 7a–1 of this title" for "section 7a of this title (to the extent provided in section 7a(g) of this title), 7a–1 of this title, or 7a–3 of this title". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (g)
• Pub. L. 111–203, §723(a)(1)(A), (3), added subsec. (h) and struck out former subsec. (h) which related to legal certainty for certain transactions in exempt commodities. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (h)
• Pub. L. 111–203, §723(a)(1)(B), which directed redesignation of subsec. (i) as (g), was executed by redesignating the subsec. (i) added by Pub. L. 106–554, §1(a)(5) [title I, §107], relating to application of commodity futures laws, as (g), to reflect the probable intent of Congress. A… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §722(d), added subsec. (i) relating to applicability of certain swaps provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (i)
• Pub. L. 111–203, §723(b), added subsec. (j). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (j)

2008

• Pub. L. 110–246, §13203(c), inserted "(including significant price discovery contracts)" after "future delivery". (Food, Conservation, and Energy Act of 2008) Law text · (a)
• Pub. L. 110–246, §13101(a), added subpars. (B) and (C) and struck out former subpars. (B) and (C) which related to: in subpar. (B), applicability of chapter to an agreement, contract, or transaction in foreign currency that was a contract of sale of a commodity for future de… (Food, Conservation, and Energy Act of 2008) Law text · (c), (C)
• Pub. L. 110–246, §13203(d), substituted "paragraphs (4) and (7)" for "paragraph (4)" in introductory provisions. (Food, Conservation, and Energy Act of 2008) Law text · (h)
• Pub. L. 110–246, §13203(e)(1), inserted "and, for a significant price discovery contract, requiring large trader reporting," after "proscribing fraud". (Food, Conservation, and Energy Act of 2008) Law text · (h)
• Pub. L. 110–246, §13203(e)(2), (3), added subpars. (D) and (E) and struck out former subpar. (D) which read as follows: "such rules and regulations as the Commission may prescribe if necessary to ensure timely dissemination by the electronic trading facility of price, tradin… (Food, Conservation, and Energy Act of 2008) Law text · (h), (E)
• Pub. L. 110–246, §13203(f), inserted "or to make the determination described in subparagraph (B) of paragraph (7)" after "paragraph (4)". (Food, Conservation, and Energy Act of 2008) Law text · (h)
• Pub. L. 110–246, §13201(b), added par. (7). (Food, Conservation, and Energy Act of 2008) Law text · (h)

2002

• Pub. L. 107–171 added par. (7) and redesignated former pars. (7) to (11) as (8) to (12), respectively. (Farm Security and Rural Investment Act of 2002) Law text · (a)

2000

• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(A)], inserted section catchline. (Consolidated Appropriations Act, 2001) Law text
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(A)], inserted headings for subsec. (a) and par. (1). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(i)(II)], substituted "contract market designated or derivatives transaction execution facility registered pursuant to section 7 or 7a of this title" for "contract market designated pursuant to section 7 of this title". (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(i)(I)], which directed substitution of "subparagraphs (C) and (D) of this paragraph and subsections (c) through (i) of this section" for "subparagraph (B) of this subparagraph", was executed by making the substitution for "subparagraph (B) of this p… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(A)], inserted heading and struck out "(i)" before "The Commission shall have". (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(i)(III)], struck out cl. (ii) which read as follows: "Nothing in this chapter shall be deemed to govern or in any way be applicable to transactions in foreign currency, security warrants, security rights, resales of installmen… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(i)(IV)], redesignated subsec. (a)(1)(A)(iii) as subsec. (a)(1)(B) and inserted heading. Former subsec. (a)(1)(B) redesignated (a)(1)(C). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(I)], redesignated subpar. (B) as (C). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(III)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(A)(iii)], substituted "or the derivatives transaction execution facility, and the applicable contract, meet" for "making such application demonstrates and the Commission expressly finds that the specific contract (or option on s… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(A)(ii)], which directed insertion of ", and no derivatives transaction execution facility shall trade or execute such contracts of sale (or options on such contracts) for future delivery," after "contracts) for future delivery", was executed by making… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(A)(i)], inserted "or register a derivatives transaction execution facility that trades or executes," after "contract market in," in introductory provisions. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(III)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(A)(iv)], added subcl. (III) and struck out former subcl. (III) which read as follows: "Such group or index of securities shall be predominately composed of the securities of unaffiliated issuers and shall be a widely publis… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(B), (C)], added cl. (iii) and struck out former cl. (iii) which read as follows: "Upon application by a board of trade for designation as a contract market with respect to any contract of sale (or option on such contract) for f… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(III)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(C), (D)], redesignated cl. (v) as (iv) and struck out former cl. (iv) which related to consultation by the Commission with, and the authority of, the Securities and Exchange Commission with respect to approval of any application… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(III)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(b)(2)], redesignated cl. (vi) as (v), added subcls. (I) to (V), and struck out former subcls. (I) to (IV) which required any contract market in a stock index futures contract (or option thereon) to file with the Board of Governors of t… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(1)(D)], redesignated cl. (v) as (iv). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(B)(ii)(II), (III)], struck out "section 77c of title 15" after "exempted security under", inserted "or subparagraph (D)" after "subparagraph", and adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(b)(2)], redesignated cl. (vi) as (v). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(b)(1)], redesignated subcl. (V) as (VI). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(a)(2)], added subpar. (D). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(i)], added subpar. (E). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title II, §251(j)], added subpar. (F). (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(E)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(C), (E)], substituted "registered entity" for "contract market" and adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(E)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(D)(iii)], in last sentence, substituted "designating, registering, or refusing, suspending, or revoking the designation or registration of, a board of trade as a contract market or derivatives transaction execution facility invol… (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(D)(ii)], substituted "designate or register a board of trade as a contract market or derivatives transaction execution facility" for "designate a board of trade as a contract market" in second sentence. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(D)(i)], substituted "designation or registration as a contract market or derivatives transaction execution facility" for "designation as a contract market" in first sentence. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §123(a)(2)(E)], adjusted margins. (Consolidated Appropriations Act, 2001) Law text · (a)
• Pub. L. 106–554, §1(a)(5) [title I, §102], added subsec. (c). (Consolidated Appropriations Act, 2001) Law text · (c)
• Pub. L. 106–554, §1(a)(5) [title I, §103], added subsec. (d). (Consolidated Appropriations Act, 2001) Law text · (d)
• Pub. L. 106–554, §1(a)(5) [title I, §104], added subsec. (e). (Consolidated Appropriations Act, 2001) Law text · (e)
• Pub. L. 106–554, §1(a)(5) [title I, §105(a)], added subsec. (f). (Consolidated Appropriations Act, 2001) Law text · (f)
• Pub. L. 106–554, §1(a)(5) [title I, §105(b)], added subsec. (g). (Consolidated Appropriations Act, 2001) Law text · (g)
• Pub. L. 106–554, §1(a)(5) [title I, §106], added subsec. (h). (Consolidated Appropriations Act, 2001) Law text · (h)
• Pub. L. 106–554, §1(a)(5) [title I, §107], added subsec. (i). (Consolidated Appropriations Act, 2001) Law text · (i)

1992

• Pub. L. 102–546, §404(b)(2)–(7), redesignated cls. (i) and (ii) of former third sentence as subcls. (I) and (II), respectively, designated former fifth sentence as cl. (ii), designated former eighth sentence as cl. (iii), and struck out former sixth, seventh, and ninth through la… · (a)
• Pub. L. 102–546, §404(b)(1), which directed the substitution of "(i) The Commission" for the words "For the purposes" and all that followed through "; Provided, That the Commission", was executed by making the substitution for the first and second sentences and the third sentence through the words … · (a)
• Pub. L. 102–546, §209(b)(1)(A), made technical amendment to reference to section 9 of this title appearing in penultimate sentence to reflect change in reference to corresponding section of original act. · (a)
• Pub. L. 102–546, §209(b)(1)(B), substituted "section 8(b)" for "section 8". · (a)
• Pub. L. 102–546, §501, added cl. (vi). · (a)
• Pub. L. 102–546, §215, substituted second and third sentences for "The Commission shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. In nominating persons for appointment, the President shall seek to… · (a)
• Pub. L. 102–546, §226, added subpar. (C). · (a)

1986

• Pub. L. 99–641 substituted "Securities and Exchange Commission" for "Securities Exchange Commission" before "otherwise agree". · (a)

1983

• Pub. L. 97–444, §101, designated existing provisions as subpar. (A), inserted in third sentence, first proviso, ", except to the extent otherwise provided in subparagraph (B) of this paragraph," after "exclusive jurisdiction", and added subpar. (B). · (a)
• Pub. L. 97–444, §201, inserted definition of "introducing broker" and, in revising definition of "commodity training advisor", included any person advising others through electronic media; substituted provision respecting advising others "as to the value of or the advisability of… · (a)
• Pub. L. 97–444, §202, struck out "(A)" after "(7)" and struck out subpar. (B) which prohibited any representative activities before the Commission for a one year period upon termination of employment occurring on a day more than four months after Sept. 30, 1978, of any Commissioner … · (a)

1978

• Pub. L. 95–405, §2(1), substituted "section 23 of this title" for "section 15a of this title". · (a)
• Pub. L. 95–405, §2(2)–(5), designated existing provisions as subpar. (A) and substituted "five Commissioners" for "a chairman and four other Commissioners", "(i)" for "(A)", and "(ii)" for "(B)", and added subpar. (B). · (a)
• Pub. L. 95–405, §2(6), struck out ", by and with the advice and consent of the Senate," after "by the Commission". · (a)
• Pub. L. 95–405, §2(7), inserted "according to budget categories, plans, programs, and priorities established and approved by the Commission," after "expenditure of funds,". · (a)
• Pub. L. 95–405, §2(8), substituted ", plans, priorities, and budgets approved by the Commission" for "of the Commission". · (a)
• Pub. L. 95–405, §2(9), (10), designated existing provisions as subpar. (A) and added subpar. (B). · (a)
• Pub. L. 95–405, §2(11)–(13), designated existing provisions as subpar. (A), substituted "maintain" for "establish a separate office within the Department of Agriculture to be staffed with employees of the Commission for the purpose of maintaining", and added subpar. (B). · (a)
• Pub. L. 95–405, §2(14), (15), substituted "Senate Committee on Agriculture, Nutrition, and Forestry" for "Senate Committee on Agriculture and Forestry". · (a), (B)

1974

• Pub. L. 93–463, §101(a), designated existing provisions as par. (1), substituted "Commodity Futures Trading Commission established under paragraph (2) of this subsection" for "Commodity Exchange Commission, consisting of the Secretary of Agriculture, the Secretary of Commerce, and the … · (a)
• Pub. L. 93–463, §§201, 202, struck out "onions," after "eggs," in definition of "commodity" and inserted provisions to that definition to include as commodities all other goods and articles, except onions as provided in section 13–1 of this title, and all services, rights, and inter… · (a)

1968

• Pub. L. 90–418 extended definition of "commodity" in third sentence to include frozen concentrated orange juice. · (a)
• Pub. L. 90–258, §1(c), provided in last sentence for representation on the Commission of Secretary of Agriculture, Secretary of Commerce, and Attorney General by an official or employee designated from executive department concerned and for service of Secretary of Agriculture or his designee as Cha… · (a)
• Pub. L. 90–258, §1(b), substituted in definition of "floor broker" in penultimate sentence "purchase or sell for any other person" for "engage in executing for others any order for the purchase or sale of" and struck out provision for receipt or acceptance of any commission or other compensation fo… · (a)
• Pub. L. 90–258, §1(a), extended definition of "commodity" in third sentence to include livestock and livestock products. · (a)