Commodity Futures Modernization Act

URI: https://gptkb.org/entity/Commodity_Futures_Modernization_Act
GPTKB entity
Statements (26)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:amendedBy gptkb:Securities_Exchange_Act_of_1934
gptkb:Commodity_Exchange_Act
gptkbp:codifiedIn gptkb:7_U.S.C._§_1_et_seq.
gptkbp:country gptkb:United_States
gptkbp:criticizedFor contributing to the 2007–2008 financial crisis
gptkbp:dateEnacted December 21, 2000
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Commodity Futures Modernization Act
gptkbp:provides legalized single-stock futures
limited CFTC authority over swaps
preempted state gaming and bucket shop laws for certain derivatives
excluded most over-the-counter derivatives from regulation
gptkbp:publicLawNumber gptkb:Public_Law_106-554
gptkbp:purpose to clarify the regulation of over-the-counter derivatives
to modernize commodity futures regulation
gptkbp:repealedBy gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act
gptkbp:section gptkb:Title_IV:_Miscellaneous_Provisions
gptkb:Title_I:_Commodity_Futures_Modernization
gptkb:Title_II:_Legal_Certainty_for_Swap_Agreements
gptkb:Title_III:_Bank_Products
gptkbp:shortName gptkb:CFMA
gptkbp:signedBy gptkb:Bill_Clinton
gptkbp:sponsor gptkb:Senator_Phil_Gramm
gptkbp:bfsParent gptkb:2000_in_American_law
gptkbp:bfsLayer 6