Amendment101st Congress
Amendment required the Commodity Futures Trading Commission to find that any exemption from CFTC regulations prohibiting dual trading was consistent with the public interest before an exchange could qualify for the exemption.
- Amendment Number
- 251
- Description
- Amendment required the Commodity Futures Trading Commission to find that any exemption from CFTC regulations prohibiting dual trading was consistent with the public interest before an exchange could qualify for the exemption.
- Purpose
- An amendment to expand the regulatory provisions of the bill relating to dual trading in commodity exchanges. The bill exempts commodity exchanges from prohibitions against dual trading if the exchange can demonstrate it has an effective and verifiable system for detecting potential abuses of such trading. The amendment would further require that a commodities exchange demonstrate that granting such an exemption would be in the public interest.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Sep 13, 1989
- Latest Action Text
- On agreeing to the Smith (IA) amendment (A004) Agreed to by voice vote.
- Latest Action Time
- 12:26:21
- Submitted Date
- Sep 13, 1989
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021