H.R. 707 · 102nd Congress · enacted
Futures Trading Practices Act of 1992
Became Public Law No: 102-546.
Latest official action 1992-10-28 · Enacted
The bill, briefly
Futures Trading Practices Act of 1992 - Title I: Limitations on Certain Trading Practices - Amends the Commodity Exchange Act to prohibit dual trading by a floor broker in a contract market unless the market's trading volume is less than the trading level threshold determined by the Commodity Futures Trading Commission (CFTC). Authorizes CFTC threshold adjustments. Exempts other markets if: (1) a trade monitoring system is in place; or (2) there is substantial likelihood that a dual trading suspension would harm public interest and other corrective measures are sufficient. Prohibits trading between floor traders or brokers and affiliated customers. Requires disclosure of formal or informal business affiliations between floor brokers and traders. Title II: Enhancement of Regulatory and Enforcement of Regulatory and Enforcement Activities - Requires every contract market to maintain a system to monitor trading to detect and deter violations of the Act relating to the making of trades and the execution of customer orders. Requires any audit trail system that is part of such a monitoring system to capture transaction times independently, promptly, precisely, and completely, including a record of the time a customer order is received on the exchange floor and received and executed by the floor broker. Authorizes audit trail exemptions for: (1) small exchanges with demonstrated comp…
Congressional Research Service · 1992-10-02
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
3 of 3 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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The largest 40 donor totals appear here. Open each politician for their complete, paginated PAC donor list.
What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.