Title 7 — AgricultureRelease 119-73not60
§6l Commodity Trading Advisors and Commodity Pool Operators; Congressional Finding
Title 7 › Chapter 1— COMMODITY EXCHANGES › § 6l
Summary
Finds that the work of commodity trading advisors (who advise on trading) and commodity pool operators (who run commodity investment pools) is a national concern. Their advice and contracts move by mail and across state lines, lead to futures trading on contract markets or derivatives platforms, and happen in volumes that substantially affect those markets.
Full Legal Text
Title 7, §6l
Agriculture — Source: USLM XML via OLRC
It is hereby found that the activities of commodity trading advisors and commodity pool operators are affected with a national public interest in that, among other things—
(1)their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their contracts, solicitations, subscriptions, agreements, and other arrangements with clients take place and are negotiated and performed by the use of the mails and other means and instrumentalities of interstate commerce;
(2)their advice, counsel, publications, writings, analyses, and reports customarily relate to and their operations are directed toward and cause the purchase and sale of commodities for future delivery on or subject to the rules of contract markets or derivatives transaction execution facilities; and
(3)the foregoing transactions occur in such volume as to affect substantially transactions on contract markets or derivatives transaction execution facilities.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2000—Pars. (2), (3). Pub. L. 106–554 inserted “or derivatives transaction execution facilities” after “contract markets”.
Statutory Notes and Related Subsidiaries
Effective Date
For
Effective Date
of section, see section 418 of Pub. L. 93–463, set out as an
Effective Date
of 1974 Amendment note under section 2 of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 6l
Title 7 — Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60