Commodity Futures Trading Commission Act of 1974

[AI summary unavailable — showing source text] Commodity Futures Trading Commission Act - Title I: Commodity Futures Trading Commission - Establishes a Commodity Futures Trading Commission to be composed of five Commissioners consisting of the Secretary of Agriculture and four members selected from the general public, who shall be appointed by the President, by and with the advice and consent of the Senate. Authorizes to be appropriated to carry out the provisions of this Act such sums as may be required for the fiscal year ending June 30, 1975, for the fiscal year ending June 30, 1976, for the fiscal year ending June 30, 1977, and for the fiscal year ending June 30, 1978. Makes changes in the Commodity Exchange Act by striking the word "Secretary" and the words "Secretary of Agriculture" wherever such words appear therein and by inserting in lieu thereof the word "Commission"; and by striking the words "United States Department of Agriculture" wherever they appear therein and by inserting in lieu thereof the word "Commission". Provides that if, after a hearing on a complaint made by any person or upon failure of the party complained against to answer a complaint duly served within the time prescribed, or to appear at a hearing…