Commodity Exchange Act

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Commodity Exchange Act
Great Seal of the United States
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

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).

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.

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