WHAT THE LAW DOINCongress, in plain words

The law › Title 7, Agriculture › Chapter 1

7 U.S.C. 21: Registered futures associations

Created in 1974 by Public Law 93-463. Changed by 8 later laws. No bill we track in this Congress changes it.

13 other sections of the Code cite this one, including 7 U.S.C. 2, 7 U.S.C. 6d, 7 U.S.C. 6f, 7 U.S.C. 6p, 7 U.S.C. 7b–1.

14 parts of federal rules cite it as their authority, written by Commodity Futures Trading Commission (14).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203 substituted "section 6d(e) of this title" for "section 6d(c) of this title". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (r)

    2008

    • Pub. L. 110–246, §13105(f), substituted "6d(c)" for "6d(3)". (Food, Conservation, and Energy Act of 2008) Law text · (r)

    2000

    • Pub. L. 106–554, §1(a)(5) [title I, §123(a)(24)], substituted "registered entity" for "contract market" wherever appearing. (Consolidated Appropriations Act, 2001) Law text · (b), (3), (10), (o), (q)
    • Pub. L. 106–554, §1(a)(5) [title II, §251(g)], added subsec. (r). (Consolidated Appropriations Act, 2001) Law text · (r)

    1992

    • Pub. L. 102–546, §402(12)(A), realigned margins. · (a), (2)
    • Pub. L. 102–546, §§206(b)(1)(A), (B), 209(b)(8)(A)(i), struck out "or" at end of subpar. (A), in subpar. (B) made technical amendment to reference to sections 9 and 15 of this title to reflect change in reference to corresponding section of original act and struck out "or" at end, a… · (b)
    • Pub. L. 102–546, §§206(b)(1)(B), (C), 209(b)(8)(A)(ii), substituted a semicolon for period at end of subpars. (A) to (D), in subpar. (E) substituted "; and" for period at end, and in subpar. (F) made technical amendment to reference to sections 9 and 15 of this title to reflect chan… · (b)
    • Pub. L. 102–546, §206(b)(1)(B), (C), substituted a semicolon for period at end of pars. (5) to (9) and subpars. (A), (B), and (D) of par. (9) and in par. (9)(C) substituted "; and" for period at end. · (b)
    • Pub. L. 102–546, §§206(b)(1)(C), 222(c), substituted "(A)" for "(i)" and "voluntary, (B)" for "voluntary and (ii)", inserted ", and" and subpar. (C) after "association", and substituted "; and" for period at end. · (b)
    • Pub. L. 102–546, §206(b)(1)(D), added pars. (11) to (13). · (b)
    • Pub. L. 102–546, §228, which directed that "(other than a registered futures association)." be struck out, was executed by striking "(other than a registered futures association)" after "Any person" to reflect the probable intent of Congress. · (i)
    • Pub. L. 102–546, §209(b)(8)(B), made technical amendment to reference to sections 9 and 15 of this title to reflect change in reference to corresponding section of original act. · (i)
    • Pub. L. 102–546, §402(12)(B), made technical amendment to reference to this chapter appearing after "violated any provision of" to reflect change in reference to corresponding provision of original act and substituted "; and" for period at end. · (l)
    • Pub. L. 102–546, §209(b)(8)(C), made technical amendment to reference to sections 9 and 15 of this title to reflect change in reference to corresponding section of original act. · (o)
    • Pub. L. 102–546, §204(a), added par. (4). · (p)
    • Pub. L. 102–546, §206(b)(2), added subsec. (q) relating to major disciplinary rules violations. · (q)

    1986

    • Pub. L. 99–641, §110(6), substituted "within" for "with in" before "the meaning". · (b)
    • Pub. L. 99–641, §107, amended subsec. (h) generally. Prior to amendment, subsec. (h) read as follows: "If any registered futures association takes any disciplinary action against any member thereof or any person associated with such a member or denies admission to any person seeking me… · (h)
    • Pub. L. 99–641, §107, amended subsec. (i) generally. Prior to amendment, subsec. (i) read as follows: · (i)
    • Pub. L. 99–641, §108, struck out sentence which read as follows: "The Commission shall approve such rules within thirty days of their receipt if Commission approval is requested under this subsection or within thirty days after the Commission determines to review for approval any other… · (j)
    • Pub. L. 99–641, §110(7), substituted "section" for "title". · (k)

    1983

    • Pub. L. 97–444, §233(1), inserted ", which may require the applicant to be fingerprinted and to submit, or cause to be submitted, such fingerprints to the Attorney General for identification and appropriate processing. Notwithstanding any other provision of law, such an associati… · (b)
    • Pub. L. 97–444, §217(b), required association rules to provide for "expeditious" procedure, redesignated cl. (iv) as (ii) and substituted " 'customer' as used in this paragraph shall not include another member of the association" for " 'customer' as used in this subsection shall no… · (b)
    • Pub. L. 97–444, §233(2), substituted "section 12a(1) of this title" for "section 12a(4) of this title". · (d)
    • Pub. L. 97–444, §233(3), substituted "subsection (i) of this section" for "subsection (k) of this section". · (h)
    • Pub. L. 97–444, §233(4), substituted "A registered futures association shall submit to the Commission any change in or addition to its rules and may make such rules effective ten days after receipt of such submission by the Commission unless, within the ten-day period, the registered f… · (j)
    • Pub. L. 97–444, §233(5), added subsecs. (o), (p), and (q). · (o), (p), (q)

    1978

    • Pub. L. 95–405, §22(1), struck out "(7 U.S.C. 9)" after "sections 9 and 15 of this title". · (b)
    • Pub. L. 95–405, §22(2), substituted "$15,000" for "$5,000". · (b)
    • Pub. L. 95–405, §22(3), substituted "chapter" for "section" wherever appearing. · (l), (2)
    • Pub. L. 95–405, §22(4), added subsec. (m) and redesignated former subsec. (m) as (n). · (m), (n)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.