PRIA Logo™
Title 7 — AgricultureRelease 119-73not60

§5 Findings and Purpose

Title 7 › Chapter 1— COMMODITY EXCHANGES › § 5

Last updated Apr 3, 2026|Official source

Summary

It covers trades that cross state lines and go across countries when those trades help the nation by managing price risk, finding prices, or sharing price information through markets that are liquid, fair, and financially secure. The law’s goal is to protect those public benefits by requiring strong self-regulation of trading venues, clearing systems, market participants, and professionals under the Commission’s oversight. It must stop price manipulation and other harms to market integrity, keep transactions financially safe to avoid systemwide risk, protect people from fraud and misuse of customer assets, and encourage responsible innovation and fair competition among exchanges and markets.

Full Legal Text

Title 7, §5

Agriculture — Source: USLM XML via OLRC

(a)The transactions subject to this chapter are entered into regularly in interstate and international commerce and are affected with a national public interest by providing a means for managing and assuming price risks, discovering prices, or disseminating pricing information through trading in liquid, fair and financially secure trading facilities.
(b)It is the purpose of this chapter to serve the public interests described in subsection (a) through a system of effective self-regulation of trading facilities, clearing systems, market participants and market professionals under the oversight of the Commission. To foster these public interests, it is further the purpose of this chapter to deter and prevent price manipulation or any other disruptions to market integrity; to ensure the financial integrity of all transactions subject to this chapter and the avoidance of systemic risk; to protect all market participants from fraudulent or other abusive sales practices and misuses of customer assets; and to promote responsible innovation and fair competition among boards of trade, other markets and market participants.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 5, acts Sept. 21, 1922, ch. 369, § 3, 42 Stat. 999; June 15, 1936, ch. 545, § 2, 49 Stat. 1491; Pub. L. 97–444, title II, § 203, Jan. 11, 1983, 96 Stat. 2298, stated legislative findings, prior to repeal by Pub. L. 106–554, § 1(a)(5) [title I, § 108], Dec. 21, 2000, 114 Stat. 2763, 2763A–383.

Reference

Citations & Metadata

Citation

7 U.S.C. § 5

Title 7 — Agriculture

Last Updated

Apr 3, 2026

Release point: 119-73not60