Commodity Exchange Act

Commodity Exchange Act (ch. 545, 49 Stat. 1491, enacted June 15, 1936) is a federal act passed in 1936 by the U.S. Government (replacing the Grain Futures Act of 1922).

Commodity Exchange Act

Other short titles	Commodity Exchange Act of 1936
Long title	An Act to amend the grain futures act to prevent and remove obstructions and burdens upon interstate commerce in grains and other commodities by regulating transactions therein on commodity futures exchanges, to limit or abolish short selling, to curb manipulation, and for other purposes.
Enacted by	the 74th United States Congress
Effective	June 15, 1936
Citations
Public law	74-675
Statutes at Large	49 Stat. 1491
Codification
Titles amended	7 U.S.C.: Agriculture
U.S.C. sections created	7 U.S.C. ch. 1 § 1
Legislative history
Introduced in the House as H.R. 6772 Committee consideration by Senate Agriculture and Forestry Committee Passed the Senate on May 29, 1936 (62-16) Signed into law by President Franklin D. Roosevelt on June 15, 1936
Major amendments
Dodd–Frank Wall Street Reform and Consumer Protection Act Economic Growth, Regulatory Relief and Consumer Protection Act

The Act provides federal regulation of all commodities and futures trading activities and requires all futures and commodity options to be traded on organized exchanges. In 1974, the Commodity Futures Trading Commission (CFTC) was created as a result of the Commodity Exchange Act, and in 1982 the National Futures Association (NFA) was created by CFTC.