The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over-the-counter derivatives. It was signed into law on December 21, 2000 by President Bill Clinton. The saga of the Commodity Futures Modernization Act begins in 1998. At the time, the economy was booming, stocks soared, and new instruments of trading were found to make more money while evading the oversight of regulatory bodies. Two of those growing instruments were financial derivatives and credit-default swaps. As these new financial instruments emerged a debate began over whether or not to regulate them. In the judgment of the CME, the Commodity Futures Modernization Act of 2000, or the CFMA, represents successful landmark legislation. Our futures markets are stronger and more vibrant today as the direct result of Congress's enactment of the CFMA, and equally important, the CFTC's judicious and deliberate implementation of those reforms. I am pleased to appear today to testify on behalf of the Securities and Exchange Commission ("SEC" or "Commission") as you consider H.R. 4541, the Commodity Futures Modernization Act of 2000. My testimony addresses two topics of significant interest to the Commission. the commodity futures modernization act of 2000 hearing before the subcommittee on risk management, research, and specialty crops of the committee on agriculture house of representatives one hundred sixth congress second session on h.r. 4541 june 14, 2000 page 2 prev page top of doc serial no. 106–54 printed for the use of the committee on 2000 Commodities Act Paved Way For Problems Melissa Block talks with Michael Hirsh, senior editor at Newsweek talks about how the Commodity Futures Modernization Act of 2000 was passed to keep financial derivatives, including credit default swaps, unregulated. The Commodity Futures Trading Commission failed to rein in the derivatives market.
25 Apr 2014 The documents add to the story of how President Bill Clinton's team took “At year-end 2000, when the [Commodity Futures Modernization Act] 13 Jan 2020 The CFTC's mandate has been renewed and expanded several times since 1974 , most recently by the Commodity Futures Modernization Act The Commodities Futures Modernization. Act of 2000 (CFMA) codified a longstand- ing doctrine that certain contracts for future delivery (for nonagricultural Commodity Exchange Act. Legislation in the United States, passed in 1936, that imposed regulations upon the trading of commodities as well as some futures and
18 Jan 2016 making reference to his support for former President Bill Clinton's Commodity Futures Modernization Act. The law effectively gave bankers, the Commodity Futures Modernization Act. Acworth (2004). With HedgeStreet, online investors can trade contracts “based on economic risks in their daily 25 Apr 2014 The documents add to the story of how President Bill Clinton's team took “At year-end 2000, when the [Commodity Futures Modernization Act]
The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured modernized regulation of financial products known as over-the-counter (OTC) derivatives. It was signed into law on December 21, 2000 by President Bill Clinton. The Commodity Futures Modernization Act precisely defined the difference between a commodity and security. A commodity is a necessary good used in the production of other goods or services which The Commodity Futures Modernization Act was passed by Congress and signed into law by President Bill Clinton in December 2000. It was an attempt to solve a dispute between the Securities Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) that arose in the early 1980s. At that time, Congress had enacted legislation to expand the scope of what was defined as a commodity. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Commodity Futures Modernization Act of 2000''. H.R. 4541 (106th): Commodity Futures Modernization Act of 2000. Oct 19, 2000 at 7:02 p.m. ET. On Motion to Suspend the Rules and Pass, as Amended in the House. This was a vote to pass H.R. 4541 (106th) in the House. This vote was taken under a House procedure called “suspension The United States Code is meant to be an organized, logical compilation of the laws passed by Congress. At its top level, it divides the world of legislation into fifty topically-organized Titles, and each Title is further subdivided into any number of logical subtopics.
Treasury Secretary himself, the Commodity Futures Modernization Act was passed, solidifying the 1993 legislation's derivative exemptions. While Rubin went