Title 7 — AgricultureRelease 119-73
§7b–2 Privacy
Title 7 › Chapter CHAPTER 1— - COMMODITY EXCHANGES › § 7b–2
Summary
Makes certain commodity firms subject to the Commission covered by Title V (privacy) of the Gramm‑Leach‑Bliley Act. Treats the Commission as a federal regulator that must issue Title V rules within six months after December 21, 2000.
Full Legal Text
Title 7, §7b–2
Agriculture — Source: USLM XML via OLRC
(a)Notwithstanding section 509(3)(B) of the Gramm-Leach-Bliley Act [15 U.S.C. 6809(3)(B)], any futures commission merchant, commodity trading advisor, commodity pool operator, or introducing broker that is subject to the jurisdiction of the Commission under this chapter with respect to any financial activity shall be treated as a financial institution for purposes of title V of such Act [15 U.S.C. 6801 et seq.] with respect to such financial activity.
(b)For purposes of title V of such Act [15 U.S.C. 6801 et seq.], the Commission shall be treated as a Federal functional regulator within the meaning of section 509(2) of such Act [15 U.S.C. 6809(2)] and shall prescribe regulations under such title within 6 months after December 21, 2000.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Gramm-Leach-Bliley Act, referred to in text, is Pub. L. 106–102, Nov. 12, 1999, 113 Stat. 1338. Title V of the Act is classified principally to chapter 94 (§ 6801 et seq.) of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see
Short Title
of 1999 Amendment note set out under section 1811 of Title 12, Banks and Banking, and Tables.
Reference
Citations & Metadata
Citation
7 U.S.C. § 7b–2
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73