HR 5447 · 97th Congress · Finance and Financial Sector

Futures Trading Act of 1982

Introduced 1982-02-03· Sponsored by Rep. Jones, Ed [D-TN-7]· House

Bill Progress

1
Introduced
Committee
3
House Vote
4
Senate
Enacted
Latest: Became Public Law No: 97-444.(1983-01-11)

Plain Language Summary

[AI summary unavailable — showing source text] Futures Trading Act of 1982 - Amends the Commodity Exchange Act to limit the definition of "commodity trading advisor" to persons offering advice on trading in contracts executed on a contract market and on certain option and leverage transactions. Includes persons using electronic media in such definition. Authorizes the Commodity Futures Trading Commission (Commission) to include by regulation other persons within such definition. Limits the jurisdiction of the Commission with respect to securities (and grants it exclusive jurisdiction in this respect) to accounts, agreements, and transactions involving sales contracts for future delivery of a group or index of securities which meet specified criteria. Eliminates the one year post-government employment bar against appearances before the Commission by former Commissioners and senior employees. (Such appearances are also barred by the Ethics in Government Act of 1978.) Authorizes the Commission to regulate the offer and sale by persons in the United States of commodity futures contracts executed on foreign markets. States that the Commission may set speculative limits by rule, regulation, or order. Authorizes the Commission to enfo…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican