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7 U.S.C. § 15a — Repealed. Pub. L. 95–405, § 24, Sept. 30, 1978, 92 Stat. 877

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 15a — Repealed. Pub. L. 95–405, § 24, Sept. 30, 1978, 92 Stat. 877

### Statutory Notes Section, Pub. L. 93–463, title II, § 217, Oct. 23, 1974, 88 Stat. 1405, related to leverage contracts for gold and silver. See [section 23(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section23/b&num=0&edition=prelim). #### Effective Date of Repeal Repeal effective Oct. 1, 1978, see section 28 of Pub. L. 95–405, set out as an Effective Date of 1978 Amendment note under [section 2 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-7/section-15a-repealed-pub-l-95405-24-sept-30-1978-92-stat-877--c920a1c514.md
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Source location: Title 7, Chapter 1, § 15a; chapter-001-commodity-exchanges.md

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 2 — Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce

**(a) Jurisdiction of Commission; Commodity Futures Trading Commission** (1) **Jurisdiction of Commission** (A) *In general* — The Commission shall have exclusive jurisdiction, except to the extent otherwise provided in the Wall Street Transparency and Accountability Act of 2010 (including an amendment made by that Act) and subparagraphs (C), (D), and (I) of this paragraph and subsections (c) and (f), with respect to accounts, agreements (including any transaction which is of the character of, or is commonly known to the trade as, an “option”, “privilege”, “indemnity”, “bid”, “offer”, “put”, “call”, “advance guaranty”, or “decline guaranty”), and transactions involving swaps or contracts of sale of a commodity for future delivery (including significant price discovery contracts), traded or executed on a contract market designated pursuant to [section 7 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7&num=0&edition=prelim) or a swap execution facility pursuant to [section 7b–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section7b-3&num=0&edition=prelim) or any other board of trade, exchange, or market, and transactions subject to regulation by the Commission pursuant to [section 23 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section23&num=0&edition=prelim). Except as hereinabove provided, nothing contained in this section shall (I) supersede or limit the jurisdiction at any time conferred on the Securities and Exchange Commission or other regulatory authorities under the laws of the United States or of any State, or (II) restrict the Securities and Exchange Commission and such other authorities from carrying out their duties and responsibilities in

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Federal law — U.S. Code and appendices · legal_authorities

11 U.S.C. § 761 — Definitions for this subchapter

In this subchapter— (1) “Act” means Commodity Exchange Act; (2) “clearing organization” means a derivatives clearing organization registered under the Act; (3) “Commission” means Commodity Futures Trading Commission; (4) “commodity contract” means— (A) with respect to a futures commission merchant, contract for the purchase or sale of a commodity for future delivery on, or subject to the rules of, a contract market or board of trade; (B) with respect to a foreign futures commission merchant, foreign future; (C) with respect to a leverage transaction merchant, leverage transaction; (D) with respect to a clearing organization, contract for the purchase or sale of a commodity for future delivery on, or subject to the rules of, a contract market or board of trade that is cleared by such clearing organization, or commodity option traded on, or subject to the rules of, a contract market or board of trade that is cleared by such clearing organization; (E) with respect to a commodity options dealer, commodity option; (F) (i) any other contract, option, agreement, or transaction that is similar to a contract, option, agreement, or transaction referred to in this paragraph; and (ii) with respect to a futures commission merchant or a clearing organization, any other contract, option, agreement, or transaction, in each case, that is cleared by a clearing organization; (G) any combination of the agreements or transactions referred to in this paragraph; (H) any option to enter into an agreement or transaction referred to in this paragraph; (I) a master agreement that provides for an agreement or transaction referred to in subparagraph (A), (B), (C), (D), (E), (F), (G), or (H), together with all supplements to such master agreement, without reg

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1 — Short title

This chapter may be cited as the “Commodity Exchange Act.”

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 23 — Standardized contracts for certain commodities

**(a) Margin accounts or contracts and leverage accounts or contracts prohibited except as authorized** Except as authorized under subsection (b), no person shall offer to enter into, enter into, or confirm the execution of, any transaction for the delivery of any commodity under a standardized contract commonly known to the trade as a margin account, margin contract, leverage account, or leverage contract, or under any contract, account, arrangement, scheme, or device that the Commission determines serves the same function or functions as such a standardized contract, or is marketed or managed in substantially the same manner as such a standardized contract. **(b) Permission to enter into contracts for delivery of silver or gold bullion, bulk silver or gold coins, or platinum; rules and regulations** (1) Subject to paragraph (2), no person shall offer to enter into, enter into, or confirm the execution of, any transaction for the delivery of silver bullion, gold bullion, bulk silver coins, bulk gold coins, or platinum under a standardized contract described in subsection (a), contrary to the terms of any rule, regulation, or order that the Commission shall prescribe, which may include terms designed to ensure the financial solvency of the transaction or prevent manipulation or fraud. Such rule, regulation, or order may be made only after notice and opportunity for hearing. The Commission may set different terms and conditions for transactions involving different commodities. (2) No person may engage in any activity described in paragraph (1) who is not permitted to engage in such activity, by the rules, regulations, and orders of the Commission in effect on November 10, 1986, until the Commission permits such person to engage in such activity in accordance with regu

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 15a — Repealed. Pub. L. 95–405, § 24, Sept. 30,

Page 125 TITLE 7—AGRICULTURE § 15b Pub. L. 93–463, title I, § 103(a), (b), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 97–444, title II, § 230, Jan. 11, 1983, 96 Stat. 2319; Pub. L. 102–546, title IV, § 402(1)(D), (9)(C), Oct. 28, 1992, 106 Stat. 3624, 3625.) Editorial Notes AMENDMENTS 1992—Subsec. (c). Pub. L. 102–546, § 402(9)(C), which di- rected that ‘‘the Secretary of Agriculture or’’ be struck out, could not be executed because of amendment by Pub. L. 93–463, § 103(a). See 1974 Amendment note below. Pub. L. 102–546, § 402(1)(D), substituted ‘‘Commission’’ for ‘‘commission’’ before ‘‘to report’’. 1983—Subsec. (a). Pub. L. 97–444, § 230(1), struck out ‘‘in administrative proceedings under this chapter’’ after ‘‘may be held responsible’’. Subsecs. (b), (c). Pub. L. 97–444, § 230(2), (3), added sub- sec. (b) and redesignated former subsec. (b) as (c). 1974—Subsec. (b). Pub. L. 93–463, § 103(a), provided for substitution of ‘‘Commission’’ for ‘‘Secretary of Agri- culture’’ except where such words would be stricken by section 103(b), which directed striking the words ‘‘the Secretary of Agriculture or’’ where they appeared in the phrase ‘‘the Secretary of Agriculture or the Com- mission’’. Because the word ‘‘commission’’ was not cap- italized in the text of this section, section 103(b) did not apply to this section and therefore section 103(a) was executed, resulting in the substitution of ‘‘the Commis- sion or the commission’’ for ‘‘the Secretary of Agri- culture or the commission’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1983 AMENDMENT Amendment by Pub. L. 97–444 effective Jan. 11, 1983, see section 239 of Pub. L. 97–444, set out as a note under section 2 of this title. EFFECTIVE DATE OF 1974 AMENDMENT For effective date of ame

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