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United States · Bill · HR

H.R. 3434 (99th)

A bill to amend the Commodity Exchange Act to provide for uniform regulation of leverage and futures transactions.

openUnited States· United States Congress· EN

Introduced

26 September 1985

Last action

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Status

Unfavorable Executive Comment Received From Commodity Futures Trading Comm.

Sponsors

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Subjects

Discovery layer

Source updated

5 February 2024

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Summary

Amends the Commodity Exchange Act to provide that prior to January 1, 1988, no person shall execute any nonmargin commodity transactions under a standardized contract unless such person has been approved by the Commodity Futures Trading Commission as a leverage transaction merchant. (Exempts registered associates of registered leverage transaction merchants from such requirement.) Provides that on or after January 1, 1988, no person shall enter into such a transaction unless the transaction is conducted subject to the rules of a board of trade designated by the Commission as a contract market.

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Documents

1 official file

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