H.R. 4613 · 99th Congress · enacted
Futures Trading Act of 1986
Became Public Law No: 99-641.
Latest official action 1986-11-10 · Enacted
The bill, briefly
Futures Trading Act of 1986 - Amends the Commodity Exchange Act to exclude foreign boards of trade, exchanges, markets, or clearinghouses from certain fraudulent practices provisions. Authorizes the Commodity Futures Trading Commission (Commission), with prior approval, to serve subpoenas on persons outside the United States. Authorizes the ex parte appointment of temporary receivers. Requires that for an investment transaction by a Commissioner or employee of the Commission to be a prohibited transaction, it must have: (1) involved the use of nonpublic information; (2) been prohibited by the Commission; or (3) been effected by any Commission-regulated instrument. Excludes Commission-exempted transactions not contrary to the public interest from such prohibition. Authorizes appropriations through FY 1989. Makes the automatic stay provisions inapplicable to a registered futures association (association) disciplinary action. Provides that the Commission shall review only final disciplinary actions taken by an association. Sets forth the standards for Commission review of denial of membership actions. Repeals the 30-day Commission approval period for proposed association rules changes.
Congressional Research Service · 1986-04-17
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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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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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.