Definition of Commodity Futures Trading Commission (CFTC) Act of 1974

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TeachMeFinance.com - explain Commodity Futures Trading Commission (CFTC) Act of 1974



Commodity Futures Trading Commission (CFTC) Act of 1974

The term 'Commodity Futures Trading Commission (CFTC) Act of 1974 ' as it applies to the area of agriculture can be defined as ' P.L. 93-463 (October 23, 1974) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible for regulating the futures trading industry. The Act made extensive changes in the basic authority of Commodity Exchange Act of 1936, which itself had made extensive changes in the original Grain Futures Act of 1923'.

Previous 5 Terms:
Commodity Distribution Program
Commodity Distribution Reform Act and WIC Amendments of 1987
Commodity exchange
Commodity Exchange Authority
Commodity Futures Trading Commission (CFTC)
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Commodity Import Programs (CIPs)
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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