Title 7, AgricultureRelease 119-110
§5 Findings and Purpose
Title 7 › CHAPTER 1 — COMMODITY EXCHANGES › § 5
Summary
Treats trades that cross state and national borders as a national interest because they help people manage price risk, find prices, and share price information through liquid, fair, and financially secure markets. Requires self‑regulation of trading venues, clearing systems, market participants, and professionals under the Commission to prevent manipulation, fraud, misuse of customer assets, and systemic risk, and to promote responsible innovation and fair competition.
Full Legal Text
Title 7, §5
Agriculture, Source: USLM XML via OLRC
(a)Findings
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)Purpose
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
Sep 22, 2026
Release point: 119-110