Commodity Exchange Act

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Commodity Exchange Act
Great Seal of the United States
Other short titlesCommodity Exchange Act of 1936
Long titleAn 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 bythe 74th United States Congress
EffectiveJune 15, 1936
Public law74-675
Statutes at Large49 Stat. 1491
Titles amended7 U.S.C.: Agriculture
U.S.C. sections created7 U.S.C. ch. 1 § 1
Legislative history
Major amendments

Commodity Exchange Act (ch. 545, 49 Stat. 1491, enacted June 15, 1936) is a federal act enacted in 1936 by the U.S. Government, with some of its provisions amending 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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