PlainBillCongress, translated.Legislation. Context. Public interest.Unfavorable Executive Comment Received from FTC.
Congressional Research Service
Version 00 · Introduced in House · Sep 28, 1996
TABLE OF CONTENTS: Title I: Administration of Commodity Exchange Act Title II: Treasury Amendment Clarification Commodity Exchange Act Amendments of 1996 - Title I: Administration of Community Exchange Act - Amends the Commodity Exchange Act (CEA) to provide a conditional exemption for certain transactions involving professional markets. Revises requirements for the designation of a board of trade as a contract market. Revises the process for the submission and disapproval of contract market rules. Revises provisions for regulation of audit trail requirements. Requires the Commodity Futures Trading Commission to prescribe an objective standard or methodology for establishing whether a contract market meets certain requirements for being able to determine, with reasonable accuracy, the time of contract execution, in increments of at most one minute in length. Sets forth criteria for the trade recordation data (including time stamps) that an audit trail system for a contract market shall rely on. Establishes requirements for use of cost-benefit analysis. Repeals specified provisions relating to Commodity Futures Trading Commission oversight and deficiency orders. Title II: Treasury Amendment Clarification - Amends CEA to define board of trade, as it applies to transactions in or involving foreign currency, as any facility whereby standardized contracts are systematically marketed to retail investors.
People & committees
Rep. Ewing, Thomas W. [R-IL-15] · R–IL
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Unfavorable Executive Comment Received from FTC.
Executive Comment Requested from Commodity Futures Trading Com.
Referred to the Subcommittee on Risk Management and Specialty Crops.
Sponsor introductory remarks on measure. (CR E1828)
Referred to the House Committee on Agriculture.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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