Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974

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Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974

Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974

Act Details

Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974 was, as a bill, a proposal (now, a piece of legislation) introduced on 1975-03-19 in the House of Commons and Senate respectively of the 94 United States Congress by Thomas Foley in relation with: Agricultural law and legislation, Agriculture and food, Commodity control, Finance and financial sector.

Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974 became law (1) in the United States on 1975-04-16

It was referred to the following Committee(s): (2)

House Agriculture (HSAG)
Senate Agriculture and Forestry (SSAF)

Thomas Foley, member of the US congress
Thomas Foley, Representative from Washington, district 5

The proposal had the following cosponsors:

Bob Bergland, Representative, from Minnesota, district 7
Edward Rell Madigan, Republican, Representative, from Illinois, district 15
William Creed Wampler, Republican, Representative, from Virginia, district 9

Act Overview

  • Number: 335 (3)
  • Official Title as Introduced: Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974 (4)
  • Date First Introduced: 1975-03-19
  • Sponsor Name: William Creed Wampler
  • Assignment Process: See Committe Assignments (5)
  • Latest Major Activity/Action: Enacted
  • Date Enacted (signed, in general (6), by President): 1975-04-16
  • Type: hjres (7)
  • Main Topic: Commodity control
  • Summary of Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974: Govtrack. Authored by the Congressional Research Service (CRS) of the Library of Congress.
  • Primary Source: Congress Website

Text of the Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974

(Reported to Senate from the Committee on Agriculture and Forestry with amendment S. Rept. 94-73) Permits the Commodity Futures Trading Commission to grant provisional designation as a contract market to any boards of trade for any commodities traded thereon for such period not in excess of 90 days from the effective date of the Commodity Futures Trading Commission Act. Permits the Commission to grant provisional registration as a futures commission merchant floor broker associated person commodity trading adviser and commodity pool operator to any person for such period not in excess of 90 days from the effective date of such Act. Permits the Commission to defer for not to exceed 90 days from the effective date of such Act specified registration and reporting requirements for persons associated with any futures commission merchant commodity trading advisors and commodity pool operators and to defer specified provisions relating to administrative disciplinary proceedings and of submission to the Commission by contract markets of proposed bylaws and rules. Defers effectiveness for 90 days of designated additional provisions of such Act.

Act Notes

  • [Note 1] An Act (like Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974) or a resolution cannot become a law in the United States until it has been approved (passed) in identical form by both the House of Representatives and the Senate, as well as signed by the President (but see (5)). If the two bodys of the Congress versions of an Act are not identical, one of the bodies might decide to take a further vote to adopt the bill (see more about the Congress process here). An Act may be pass in identical form with or without amendments and with or without conference. (see more about Enrollment).
  • [Note 2] Proposals are referred to committees for preliminary consideration, then debated, amended, and passed (or rejected) by the full House or Senate. To prevent endless shuttling of bills between the House and Senate, bills like Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974 are referred to joint committees made up of members of both houses.
  • [Note 3] For more information regarding this legislative proposal, go to THOMAS, select “Bill Number,” search on (Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974)
  • [Note 4] Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974. The current official title of a bill is always present, assigned at introduction (for example, in this case, on 1975-03-19) and can be revised any time. This type of titles are sentences.
  • [Note 5] The Act is referred to the appropriate committee by the Speaker of any of the two Houses. Bills are placed on the calendar of the committee to which they have been assigned. See Assignment Process.
  • [Note 6] Regarding exceptions to President´s approval, a bill that is not signed (returned unsigned) by the President can still become law if at lest two thirds of each of the two bodys of the Congress votes to pass it, which is an infrequent case. See also Presidential Veto.
  • [Note 7] Legislative Proposal types can be: hr, hres, hjres, hconres, s, sres, sjres, sconres. A bill originating in the Senate is designated by the letter “S”, and a bill originating from the House of Representatives begins with “H.R.”, followed, in both cases, by its individual number which it retains throughout all its parliamentary process.
  • [Note 8] For information regarding related bill/s to Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974, go to THOMAS.

Analysis

No analysis (criticism, advocacy, etc.) about Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974 submitted yet.

Agricultural law and legislation
Agriculture and food
Commodity control
Finance and financial sector

Further Reading

  • “How our laws are made”, Edward F Willett; Jack Brooks, Washington, U.S. G.P.O.
  • “To make all laws : the Congress of the United States, 1789-1989”, James H Hutson- Washington, Library of Congress.
  • “Bills introduced and laws enacted: selected legislative statistics, 1947-1990”, Rozanne M Barry; Library of Congress. Congressional Research Service.

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