{ "id": "RS22028", "type": "CRS Report", "typeId": "REPORTS", "number": "RS22028", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 346999, "date": "2008-06-09", "retrieved": "2016-04-07T03:22:44.889178", "title": "CFTC Reauthorization", "summary": "Authorization for the Commodity Futures Trading Commission (CFTC), a \u201csunset\u201d agency established in 1974, expired on September 30, 2005. In the past, Congress has used the reauthorization process to consider amendments to the Commodity Exchange Act (CEA), which provides the basis for federal regulation of commodity futures trading. The last reauthorization resulted in the enactment of the Commodity Futures Modernization Act of 2000 (CFMA), the most significant amendments to the CEA since the CFTC was created in 1974. Both chambers considered reauthorization bills in the 109th Congress, but none was enacted.\nIn the 110th Congress, CFTC reauthorization provisions were added to the Farm Bill (H.R. 2419) and enacted over the President\u2019s veto on May 22, 2008, as P.L. 110-234. This report provides brief summaries of the issues addressed in that law, including (1) regulation of energy derivatives markets, where some blame excessive price volatility on a lack of effective regulation, (2) the legality of futures-like contracts based on foreign currency prices offered to retail investors, and (3) the market in security futures, or futures contracts based on single stocks, which were authorized by the CFMA, but trade in much lower volumes than their proponents expected.\nThis report will be updated as developments warrant.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS22028", "sha1": "80bd240c66a8fa8ccc3fc302d6d78817971e8934", "filename": "files/20080609_RS22028_80bd240c66a8fa8ccc3fc302d6d78817971e8934.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS22028", "sha1": 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"title": "CFTC Reauthorization in the 109th Congress", "summary": "This report provides brief summaries of the issues in the 2005 reauthorization legislation, including (1) the market in security futures, or futures contracts based on single stocks, which were authorized by the CFMA, but trade in much lower volumes than their proponents had hoped, (2) regulation of energy derivatives markets, where some see excessive price volatility and a lack of effective regulation, and (3) the legality of futures-like contracts based on foreign currency prices offered to retail investors.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20060103_RS22028_1c56217255de7163683f5df765cb45281b0a9e82.pdf" }, { "format": "HTML", "filename": "files/20060103_RS22028_1c56217255de7163683f5df765cb45281b0a9e82.html" } ], "topics": [ { "source": "LIV", "id": "Executive departments", "name": "Executive departments" }, { "source": "LIV", "id": "Commodity Futures Trading Commission", "name": "Commodity Futures Trading Commission" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs8072/", "id": "RS22028 2005-10-20", "date": "2005-10-20", "retrieved": "2006-02-14T17:32:41", "title": "CFTC Reauthorization in 2005", "summary": "This report provides brief summaries of the issues in the 2005 reauthorization legislation, including (1) the market in security futures, or futures contracts based on single stocks, which were authorized by the CFMA, but trade in much lower volumes than their proponents had hoped, (2) regulation of energy derivatives markets, where some see excessive price volatility and a lack of effective regulation, and (3) the legality of futures-like contracts based on foreign currency prices offered to retail investors.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", 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"topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs8071/", "id": "RS22028 2005-01-19", "date": "2005-01-19", "retrieved": "2006-02-14T17:32:31", "title": "CFTC Reauthorization in 2005", "summary": "This report provides brief summaries of the issues in the 2005 reauthorization legislation, including (1) the market in security futures, or futures contracts based on single stocks, which were authorized by the CFMA, but trade in much lower volumes than their proponents had hoped, (2) regulation of energy derivatives markets, where some see excessive price volatility and a lack of effective regulation, and (3) the legality of futures-like contracts based on foreign currency prices offered to retail investors.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": 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