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7 U.S.C. § 22 — Research and information programs; reports to Congress
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Commission shall establish and maintain, as part of its ongoing operations, research and information programs to (1) determine the feasibility of trading by computer, and the expanded use of modern information system technology, electronic data processing, and modern communication systems by commodity exchanges, boards of trade, and by the Commission itself for purposes of improving, strengthening, facilitating, or regulating futures trading operations; (2) assist in the development of educational and other informational materials regarding futures trading for dissemination and use among producers, market users, and the general public; and (3) carry out the general purposes of this chapter.
**(b)** The Commission shall include in its annual reports to Congress plans and findings with respect to implementing this section.
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Source file: Laws/federal/codes/united-states-code/title-7/section-22-research-and-information-programs-reports-to-congress--f1042c9880.md
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Source location: Title 7, Chapter 1, § 22; chapter-001-commodity-exchanges.md
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**(a)** The Commission shall establish and maintain, as part of its ongoing operations, research and information programs to (1) determine the feasibility of trading by computer, and the expanded use of modern information system technology, electronic data processing, and modern communication systems by commodity exchanges, boards of trade, and by the Commission itself for purposes of improving, strengthening, facilitating, or regulating futures trading operations; (2) assist in the development of educational and other informational materials regarding futures trading for dissemination and use among producers, market users, and the general public; and (3) carry out the general purposes of this chapter.
**(b)** The Commission shall include in its annual reports to Congress plans and findings with respect to implementing this section.
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Federal law — U.S. Code and appendices · legal_authorities
**(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
**(a) Cooperation with other agencies** The Commission may cooperate with any Department or agency of the Government, any State, territory, district, or possession, or department, agency, or political subdivision thereof, any foreign futures authority, any department or agency of a foreign government or political subdivision thereof, or any person.
**(b) Employment of investigators, experts, Administrative Law Judges, consultants, clerks, and other personnel; contracts**
(1) The Commission shall have the authority to employ such investigators, special experts, Administrative Law Judges, clerks, and other employees as it may from time to time find necessary for the proper performance of its duties and as may be from time to time appropriated for by Congress.
(2) The Commission may employ experts and consultants in accordance with [section 3109 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section3109&num=0&edition=prelim), and compensate such persons at rates not in excess of the maximum daily rate prescribed for GS–18 under [section 5332 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5332&num=0&edition=prelim).
(3) The Commission shall also have authority to make and enter into contracts with respect to all matters which in the judgment of the Commission are necessary and appropriate to effectuate the purposes and provisions of this chapter, including, but not limited to, the rental of necessary space at the seat of Government and elsewhere.
(4) The Commission may request (in accordance with the procedures set forth in subchapter II of chapter 31 of title 5) and the Office of Personnel Management shall authorize pursuant to the request, eight positions in the Senior Executive Service in addit
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Federal law — U.S. Code and appendices · legal_authorities
Page 144
TITLE 7—AGRICULTURE
§ 22
sion of subtitle A (§§ 711–754) of title VII of Pub. L.
111–203 requires a rulemaking, not less than 60 days
after publication of the final rule or regulation imple-
menting such provision of subtitle A, see section 754 of
Pub. L. 111–203, set out as a note under section 1a of
this title.
EFFECTIVE DATE OF 2008 AMENDMENT
Amendment of this section and repeal of Pub. L.
110–234 by Pub. L. 110–246 effective May 22, 2008, the
date of enactment of Pub. L. 110–234, see section 4 of
Pub. L. 110–246, set out as an Effective Date note under
section 8701 of this title.
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 1978 AMENDMENT
Amendment by Pub. L. 95–405 effective Oct. 1, 1978,
see section 28 of Pub. L. 95–405, set out as a note under
section 2 of this title.
EFFECTIVE DATE
For effective date of section, see section 418 of Pub.
L. 93–463, set out as an Effective Date of 1974 Amend-
ment note under section 2 of this title.
IMPLEMENTATION
Pub. L. 102–546, title II, § 204(b), Oct. 28, 1992, 106 Stat.
3600, provided that: ‘‘The guidelines required under sec-
tion 17(p)(4) of the Commodity Exchange Act [7 U.S.C.
21(p)(4)] (as added by subsection (a) of this section)
shall be submitted by a futures association registered
with the Commodity Futures Trading Commission on
the date of enactment of this Act [Oct. 28, 1992] to the
Commission for the approval of the Commission not
later than one hundred and eighty days after the date
of enactment of this Act.’’
STUDY ON COMPUTERIZED FUTURES TRADING
Pub. L. 102–546, title II, § 220(b), (c), Oct. 28, 1992, 106
Stat. 3614, required the Co
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