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    US Code, Title 7 (1995 edition)

    US Code, Title 7 (1995 edition) — AGRICULTURE

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    <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="stylesheet" type="text/css" href="usc.css" /> <title>U.S.C. Title 7 - AGRICULTURE <!-- AUTHORITIES-PUBLICATION-NAME:1994 Edition and Supplement I --> <!-- AUTHORITIES-PUBLICATION-ID:1994SUPP195 --> <!-- AUTHORITIES-PUBLICATION-YEAR:1995 --> <!-- AUTHORITIES-LAWS-ENACTED-THROUGH-DATE:19960116 --> <!-- SEARCHABLE-LAWS-ENACTED-THROUGH-DATE:January 16th, 1996 --> <!-- AUTHORITIES-USC-TITLE-NAME:TITLE 7 - AGRICULTURE --> <!-- AUTHORITIES-USC-TITLE-ENUM:7 --> <!-- AUTHORITIES-USC-TITLE-STATUS:editorial --> <!-- CONVERSION-PROGRAM:xy2html.pm-0.329-20100225 --> <!-- CONVERSION-DATETIME:20100225143759 --> </title> </head> <body> <span style="font-weight:bold;font-size:12pt;">7 U.S.C. </span><br/> <span style="font-size:10pt">United States Code, 1995 Edition</span><br/> <span style="font-size:10pt">Title 7 - AGRICULTURE</span><br/> <span style="font-size:10pt">From the U.S. Government Publishing Office, <a href="http://www.gpo.gov">www.gpo.gov</a></span><br/><br/> <div width="700"> <!-- PDFPage:1 --> <!-- documentid:7_ currentthrough:19960116 documentPDFPage:-1 --> <!-- itempath:/070 --> <!-- itemsortkey:070AAAA --> <!-- expcite:TITLE 7-AGRICULTURE --> <!-- field-start:titlehead --> <h1 class="usc-title-head">TITLE 7&mdash;AGRICULTURE</h1> <!-- field-end:titlehead --> <!-- field-start:analysis --> <div class="analysis"> <div><div class="analysis-head-left">Chap.</div><div class="analysis-head-right">Sec.</div></div> <div><div class="three-column-analysis-style-content-left">1.</div><div class="three-column-analysis-style-content-center">Commodity Exchanges</div><div class="three-column-analysis-style-content-right">1</div></div> <div><div class="three-column-analysis-style-content-left">2.</div><div class="three-column-analysis-style-content-center">Cotton Standards</div><div class="three-column-analysis-style-content-right">51</div></div> <div><div class="three-column-analysis-style-content-left">3.</div><div class="three-column-analysis-style-content-center">Grain Standards</div><div class="three-column-analysis-style-content-right">71</div></div> <div><div class="three-column-analysis-style-content-left">4.</div><div class="three-column-analysis-style-content-center">Naval Stores</div><div class="three-column-analysis-style-content-right">91</div></div> <div><div class="three-column-analysis-style-content-left">5.</div><div class="three-column-analysis-style-content-center" id="wide">Importation of Adulterated Seeds [Repealed]</div><div class="three-column-analysis-style-content-right">111</div></div> <div><div class="three-column-analysis-style-content-left">6.</div><div class="three-column-analysis-style-content-center">Insecticides and Environmental Pesticide Control</div><div class="three-column-analysis-style-content-right">121</div></div> <div><div class="three-column-analysis-style-content-left">6A.</div><div class="three-column-analysis-style-content-center">National Laboratory Accreditation</div><div class="three-column-analysis-style-content-right">138</div></div> <div><div class="three-column-analysis-style-content-left">7.</div><div class="three-column-analysis-style-content-center">Insect Pests Generally</div><div class="three-column-analysis-style-content-right">141</div></div> <div><div class="three-column-analysis-style-content-left">7A.</div><div class="three-column-analysis-style-content-center">Golden Nematode</div><div class="three-column-analysis-style-content-right">150</div></div> <div><div class="three-column-analysis-style-content-left">7B.</div><div class="three-column-analysis-style-content-center">Plant Pests</div><div class="three-column-analysis-style-content-right">150aa</div></div> <div><div class="three-column-analysis-style-content-left">8.</div><div class="three-column-analysis-style-content-center">Nursery Stock and Other Plants and Plant Products</div><div class="three-column-analysis-style-content-right">151</div></div> <div><div class="three-column-analysis-style-content-left">8A.</div><div class="three-column-analysis-style-content-center">Rubber and Other Critical Agricultural Materials</div><div class="three-column-analysis-style-content-right">171</div></div> <div><div class="three-column-analysis-style-content-left">9.</div><div class="three-column-analysis-style-content-center">Packers and Stockyards</div><div class="three-column-analysis-style-content-right">181</div></div> <div><div class="three-column-analysis-style-content-left">10.</div><div class="three-column-analysis-style-content-center">Warehouses</div><div class="three-column-analysis-style-content-right">241</div></div> <div><div class="three-column-analysis-style-content-left">11.</div><div class="three-column-analysis-style-content-center">Honeybees</div><div class="three-column-analysis-style-content-right">281</div></div> <div><div class="three-column-analysis-style-content-left">12.</div><div class="three-column-analysis-style-content-center">Associations of Agricultural Products Producers</div><div class="three-column-analysis-style-content-right">291</div></div> <div><div class="three-column-analysis-style-content-left">13.</div><div class="three-column-analysis-style-content-center">Agricultural and Mechanical Colleges</div><div class="three-column-analysis-style-content-right">301</div></div> <div><div class="three-column-analysis-style-content-left">14.</div><div class="three-column-analysis-style-content-center">Agricultural Experiment Stations</div><div class="three-column-analysis-style-content-right">361</div></div> <div><div class="three-column-analysis-style-content-left">15.</div><div class="three-column-analysis-style-content-center">Bureau of Animal Industry</div><div class="three-column-analysis-style-content-right">391</div></div> <div><div class="three-column-analysis-style-content-left">16.</div><div class="three-column-analysis-style-content-center">Bureau of Dairy Industry</div><div class="three-column-analysis-style-content-right">401</div></div> <div><div class="three-column-analysis-style-content-left">17.</div><div class="three-column-analysis-style-content-center">Miscellaneous Matters</div><div class="three-column-analysis-style-content-right">411</div></div> <div><div class="three-column-analysis-style-content-left">18.</div><div class="three-column-analysis-style-content-center">Cooperative Marketing</div><div class="three-column-analysis-style-content-right">451</div></div> <div><div class="three-column-analysis-style-content-left">19.</div><div class="three-column-analysis-style-content-center">Cotton Statistics and Estimates</div><div class="three-column-analysis-style-content-right">471</div></div> <div><div class="three-column-analysis-style-content-left">20.</div><div class="three-column-analysis-style-content-center">Dumping or Destruction of Interstate Produce</div><div class="three-column-analysis-style-content-right">491</div></div> <div><div class="three-column-analysis-style-content-left">20A.</div><div class="three-column-analysis-style-content-center">Perishable Agricultural Commodities</div><div class="three-column-analysis-style-content-right">499a</div></div> <div><div class="three-column-analysis-style-content-left">21.</div><div class="three-column-analysis-style-content-center">Tobacco Statistics</div><div class="three-column-analysis-style-content-right">501</div></div> <div><div class="three-column-analysis-style-content-left">21A.</div><div class="three-column-analysis-style-content-center">Tobacco Inspection</div><div class="three-column-analysis-style-content-right">511</div></div> <div><div class="three-column-analysis-style-content-left">21B.</div><div class="three-column-analysis-style-content-center">Tobacco Control</div><div class="three-column-analysis-style-content-right">515</div></div> <div><div class="three-column-analysis-style-content-left">22.</div><div class="three-column-analysis-style-content-center" id="wide">Agricultural Marketing [Omitted or Transferred]</div><div class="three-column-analysis-style-content-right">521</div></div> <div><div class="three-column-analysis-style-content-left">23.</div><div class="three-column-analysis-style-content-center" id="wide">Foreign Agricultural Service [Repealed]</div><div class="three-column-analysis-style-content-right">541</div></div> <div><div class="three-column-analysis-style-content-left">24.</div><div class="three-column-analysis-style-content-center">Perishable Agricultural Commodities [Transferred to Chapter 20A]</div><div class="three-column-analysis-style-content-right">551</div></div> <div><div class="three-column-analysis-style-content-left">25.</div><div class="three-column-analysis-style-content-center">Export Standards for Apples and Pears</div><div class="three-column-analysis-style-content-right">581</div></div> <div><div class="three-column-analysis-style-content-left">25A.</div><div class="three-column-analysis-style-content-center">Export Standards for Grapes and Plums</div><div class="three-column-analysis-style-content-right">591</div></div> <div><div class="three-column-analysis-style-content-left">26.</div><div class="three-column-analysis-style-content-center">Agricultural Adjustment</div><div class="three-column-analysis-style-content-right">601</div></div> <div><div class="three-column-analysis-style-content-left">26A.</div><div class="three-column-analysis-style-content-center">Agricultural Marketing Agreements</div><div class="three-column-analysis-style-content-right">671</div></div> <div><div class="three-column-analysis-style-content-left">27.</div><div class="three-column-analysis-style-content-center" id="wide">Cotton Marketing [Repealed or Omitted]</div><div class="three-column-analysis-style-content-right">701</div></div> <div><div class="three-column-analysis-style-content-left">28.</div><div class="three-column-analysis-style-content-center" id="wide">Tobacco Industry [Repealed]</div><div class="three-column-analysis-style-content-right">751</div></div> <div><div class="three-column-analysis-style-content-left">29.</div><div class="three-column-analysis-style-content-center" id="wide">Potato Act of 1935 [Repealed]</div><div class="three-column-analysis-style-content-right">801</div></div> <div><div class="three-column-analysis-style-content-left">30.</div><div class="three-column-analysis-style-content-center">Anti-Hog-Cholera Serum and Hog-Cholera Virus</div><div class="three-column-analysis-style-content-right">851</div></div> <div><div class="three-column-analysis-style-content-left">31.</div><div class="three-column-analysis-style-content-center">Rural Electrification and Telephone Service</div><div class="three-column-analysis-style-content-right">901</div></div> <div><div class="three-column-analysis-style-content-left">31A.</div><div class="three-column-analysis-style-content-center">Distance Learning and Medical Link Programs</div><div class="three-column-analysis-style-content-right">950aaa</div></div> <div><div class="three-column-analysis-style-content-left">32.</div><div class="three-column-analysis-style-content-center">Peanut Statistics</div><div class="three-column-analysis-style-content-right">951</div></div> <div><div class="three-column-analysis-style-content-left">33.</div><div class="three-column-analysis-style-content-center">Farm Tenancy</div><div class="three-column-analysis-style-content-right">1000</div></div> <div><div class="three-column-analysis-style-content-left">34.</div><div class="three-column-analysis-style-content-center" id="wide">Sugar Production and Control [Omitted or Repealed]</div><div class="three-column-analysis-style-content-right">1100</div></div> <div><div class="three-column-analysis-style-content-left">35.</div><div class="three-column-analysis-style-content-center">Agricultural Adjustment Act of 1938</div><div class="three-column-analysis-style-content-right">1281</div></div> <div><div class="three-column-analysis-style-content-left">35A.</div><div class="three-column-analysis-style-content-center">Price Support of Agricultural Commodities</div><div class="three-column-analysis-style-content-right">1421</div></div> <div><div class="three-column-analysis-style-content-left">36.</div><div class="three-column-analysis-style-content-center">Crop Insurance</div><div class="three-column-analysis-style-content-right">1501</div></div> <div><div class="three-column-analysis-style-content-left">37.</div><div class="three-column-analysis-style-content-center">Seeds</div><div class="three-column-analysis-style-content-right">1551</div></div> <div><div class="three-column-analysis-style-content-left">38.</div><div class="three-column-analysis-style-content-center">Distribution and Marketing of Agricultural Products</div><div class="three-column-analysis-style-content-right">1621</div></div> <div><div class="three-column-analysis-style-content-left">39.</div><div class="three-column-analysis-style-content-center">Stabilization of International Wheat Market</div><div class="three-column-analysis-style-content-right">1641</div></div> <div><div class="three-column-analysis-style-content-left">40.</div><div class="three-column-analysis-style-content-center">Halogeton Glomeratus Control</div><div class="three-column-analysis-style-content-right">1651</div></div> <div><div class="three-column-analysis-style-content-left">41.</div><div class="three-column-analysis-style-content-center">Agricultural Trade Development and Assistance</div><div class="three-column-analysis-style-content-right">1691</div></div> <div><div class="three-column-analysis-style-content-left">42.</div><div class="three-column-analysis-style-content-center">Agricultural Commodity Set-Aside</div><div class="three-column-analysis-style-content-right">1741</div></div> <div><div class="three-column-analysis-style-content-left">43.</div><div class="three-column-analysis-style-content-center">Foreign Market Development</div><div class="three-column-analysis-style-content-right">1761</div></div> <div><div class="three-column-analysis-style-content-left">44.</div><div class="three-column-analysis-style-content-center" id="wide">Wool Program [Repealed]</div><div class="three-column-analysis-style-content-right">1781</div></div> <div><div class="three-column-analysis-style-content-left">45.</div><div class="three-column-analysis-style-content-center">Soil Bank Program</div><div class="three-column-analysis-style-content-right">1801</div></div> <div><div class="three-column-analysis-style-content-left">46.</div><div class="three-column-analysis-style-content-center">Surplus Disposal of Agricultural Commodities</div><div class="three-column-analysis-style-content-right">1851</div></div> <div><div class="three-column-analysis-style-content-left">47.</div><div class="three-column-analysis-style-content-center" id="wide">Interchange of Department of Agriculture and State Employees [Repealed]</div><div class="three-column-analysis-style-content-right">1881</div></div> <div><div class="three-column-analysis-style-content-left">48.</div><div class="three-column-analysis-style-content-center">Humane Methods of Livestock Slaughter</div><div class="three-column-analysis-style-content-right">1901</div></div> <div><div class="three-column-analysis-style-content-left">49.</div><div class="three-column-analysis-style-content-center">Consultation on Agricultural Programs</div><div class="three-column-analysis-style-content-right">1911</div></div> <div><div class="three-column-analysis-style-content-left">50.</div><div class="three-column-analysis-style-content-center">Agricultural Credit</div><div class="three-column-analysis-style-content-right">1921</div></div> <div><div class="three-column-analysis-style-content-left">51.</div><div class="three-column-analysis-style-content-center">Food Stamp Program</div><div class="three-column-analysis-style-content-right">2011</div></div> <div><div class="three-column-analysis-style-content-left">52.</div><div class="three-column-analysis-style-content-center" id="wide">Farm Labor Contractor Registration [Repealed]</div><div class="three-column-analysis-style-content-right">2041</div></div> <div><div class="three-column-analysis-style-content-left">53.</div><div class="three-column-analysis-style-content-center">Cotton Research and Promotion</div><div class="three-column-analysis-style-content-right">2101</div></div> <div><div class="three-column-analysis-style-content-left">54.</div><div class="three-column-analysis-style-content-center">Transportation, Sale, and Handling of Certain Animals</div><div class="three-column-analysis-style-content-right">2131</div></div> <div><div class="three-column-analysis-style-content-left">55.</div><div class="three-column-analysis-style-content-center">Department of Agriculture</div><div class="three-column-analysis-style-content-right">2201</div></div> <div><div class="three-column-analysis-style-content-left">55A.</div><div class="three-column-analysis-style-content-center">Department of Agriculture Advisory Committees</div><div class="three-column-analysis-style-content-right">2281</div></div> <div><div class="three-column-analysis-style-content-left">56.</div><div class="three-column-analysis-style-content-center">Unfair Trade Practices Affecting Producers of Agricultural Products</div><div class="three-column-analysis-style-content-right">2301</div></div> <div><div class="three-column-analysis-style-content-left">57.</div><div class="three-column-analysis-style-content-center">Plant Variety Protection</div><div class="three-column-analysis-style-content-right">2321</div></div> <div><div class="three-column-analysis-style-content-left">58.</div><div class="three-column-analysis-style-content-center">Potato Research and Promotion</div><div class="three-column-analysis-style-content-right">2611</div></div> <div><div class="three-column-analysis-style-content-left">59.</div><div class="three-column-analysis-style-content-center">Rural Fire Protection, Development, and Small Farm Research and Education</div><div class="three-column-analysis-style-content-right">2651</div></div> <div><div class="three-column-analysis-style-content-left">60.</div><div class="three-column-analysis-style-content-center">Egg Research and Consumer Information</div><div class="three-column-analysis-style-content-right">2701</div></div> <div><div class="three-column-analysis-style-content-left">61.</div><div class="three-column-analysis-style-content-center">Noxious Weeds</div><div class="three-column-analysis-style-content-right">2801</div></div> <div><div class="three-column-analysis-style-content-left">62.</div><div class="three-column-analysis-style-content-center">Beef Research and Information</div><div class="three-column-analysis-style-content-right">2901</div></div> <div><div class="three-column-analysis-style-content-left">63.</div><div class="three-column-analysis-style-content-center">Farmer-to-Consumer Direct Marketing</div><div class="three-column-analysis-style-content-right">3001</div></div> <div><div class="three-column-analysis-style-content-left">64.</div><div class="three-column-analysis-style-content-center">Agricultural Research, Extension, and Teaching</div><div class="three-column-analysis-style-content-right">3101<!-- PDFPage:2 --></div></div> <div><div class="three-column-analysis-style-content-left">65.</div><div class="three-column-analysis-style-content-center">Wheat and Wheat Foods Research and Nutrition Education</div><div class="three-column-analysis-style-content-right">3401</div></div> <div><div class="three-column-analysis-style-content-left">66.</div><div class="three-column-analysis-style-content-center">Agricultural Foreign Investment Disclosure</div><div class="three-column-analysis-style-content-right">3501</div></div> <div><div class="three-column-analysis-style-content-left">67.</div><div class="three-column-analysis-style-content-center">Implementation of International Sugar Agreement, 1977</div><div class="three-column-analysis-style-content-right">3601</div></div> <div><div class="three-column-analysis-style-content-left">68.</div><div class="three-column-analysis-style-content-center">Agricultural Subterminal Facilities</div><div class="three-column-analysis-style-content-right">3701</div></div> <div><div class="three-column-analysis-style-content-left">69.</div><div class="three-column-analysis-style-content-center">Swine Health Protection</div><div class="three-column-analysis-style-content-right">3801</div></div> <div><div class="three-column-analysis-style-content-left">70.</div><div class="three-column-analysis-style-content-center">Animal Cancer Research</div><div class="three-column-analysis-style-content-right">3901</div></div> <div><div class="three-column-analysis-style-content-left">71.</div><div class="three-column-analysis-style-content-center">Agricultural Trade Suspension Adjustment</div><div class="three-column-analysis-style-content-right">4001</div></div> <div><div class="three-column-analysis-style-content-left">72.</div><div class="three-column-analysis-style-content-center">National Agricultural Cost of Production Standards Review Board</div><div class="three-column-analysis-style-content-right">4101</div></div> <div><div class="three-column-analysis-style-content-left">73.</div><div class="three-column-analysis-style-content-center">Farmland Protection Policy</div><div class="three-column-analysis-style-content-right">4201</div></div> <div><div class="three-column-analysis-style-content-left">74.</div><div class="three-column-analysis-style-content-center">Floral Research and Consumer Information</div><div class="three-column-analysis-style-content-right">4301</div></div> <div><div class="three-column-analysis-style-content-left">75.</div><div class="three-column-analysis-style-content-center">International Carriage of Perishable Foodstuffs</div><div class="three-column-analysis-style-content-right">4401</div></div> <div><div class="three-column-analysis-style-content-left">76.</div><div class="three-column-analysis-style-content-center">Dairy Research and Promotion</div><div class="three-column-analysis-style-content-right">4501</div></div> <div><div class="three-column-analysis-style-content-left">77.</div><div class="three-column-analysis-style-content-center">Honey Research, Promotion, and Consumer Information</div><div class="three-column-analysis-style-content-right">4601</div></div> <div><div class="three-column-analysis-style-content-left">78.</div><div class="three-column-analysis-style-content-center" id="wide">Agricultural Productivity Research [Repealed]</div><div class="three-column-analysis-style-content-right">4701</div></div> <div><div class="three-column-analysis-style-content-left">79.</div><div class="three-column-analysis-style-content-center">Pork Promotion, Research, and Consumer Information</div><div class="three-column-analysis-style-content-right">4801</div></div> <div><div class="three-column-analysis-style-content-left">80.</div><div class="three-column-analysis-style-content-center">Watermelon Research and Promotion</div><div class="three-column-analysis-style-content-right">4901</div></div> <div><div class="three-column-analysis-style-content-left">81.</div><div class="three-column-analysis-style-content-center" id="wide">National Commission on Agriculture and Rural Development Policy [Omitted]</div><div class="three-column-analysis-style-content-right">5001</div></div> <div><div class="three-column-analysis-style-content-left">82.</div><div class="three-column-analysis-style-content-center">State Agricultural Loan Mediation Programs</div><div class="three-column-analysis-style-content-right">5101</div></div> <div><div class="three-column-analysis-style-content-left">83.</div><div class="three-column-analysis-style-content-center">Agricultural Competitiveness and Trade</div><div class="three-column-analysis-style-content-right">5201</div></div> <div><div class="three-column-analysis-style-content-left">84.</div><div class="three-column-analysis-style-content-center">National Nutrition Monitoring and Related Research</div><div class="three-column-analysis-style-content-right">5301</div></div> <div><div class="three-column-analysis-style-content-left">85.</div><div class="three-column-analysis-style-content-center">Administration of Environmental Programs</div><div class="three-column-analysis-style-content-right">5401</div></div> <div><div class="three-column-analysis-style-content-left">86.</div><div class="three-column-analysis-style-content-center">Water Quality Research, Education, and Coordination</div><div class="three-column-analysis-style-content-right">5501</div></div> <div><div class="three-column-analysis-style-content-left">87.</div><div class="three-column-analysis-style-content-center">Export Promotion</div><div class="three-column-analysis-style-content-right">5601</div></div> <div><div class="three-column-analysis-style-content-left">88.</div><div class="three-column-analysis-style-content-center">Research</div><div class="three-column-analysis-style-content-right">5801</div></div> <div><div class="three-column-analysis-style-content-left">89.</div><div class="three-column-analysis-style-content-center">Pecan Promotion and Research</div><div class="three-column-analysis-style-content-right">6001</div></div> <div><div class="three-column-analysis-style-content-left">90.</div><div class="three-column-analysis-style-content-center">Mushroom Promotion, Research, and Consumer Information</div><div class="three-column-analysis-style-content-right">6101</div></div> <div><div class="three-column-analysis-style-content-left">91.</div><div class="three-column-analysis-style-content-center">Lime Promotion, Research, and Consumer Information</div><div class="three-column-analysis-style-content-right">6201</div></div> <div><div class="three-column-analysis-style-content-left">92.</div><div class="three-column-analysis-style-content-center">Soybean Promotion, Research, and Consumer Information</div><div class="three-column-analysis-style-content-right">6301</div></div> <div><div class="three-column-analysis-style-content-left">93.</div><div class="three-column-analysis-style-content-center">Processor-Funded Milk Promotion Program</div><div class="three-column-analysis-style-content-right">6401</div></div> <div><div class="three-column-analysis-style-content-left">94.</div><div class="three-column-analysis-style-content-center">Organic Certification</div><div class="three-column-analysis-style-content-right">6501</div></div> <div><div class="three-column-analysis-style-content-left">95.</div><div class="three-column-analysis-style-content-center">Rural Revitalization Through Forestry</div><div class="three-column-analysis-style-content-right">6601</div></div> <div><div class="three-column-analysis-style-content-left">96.</div><div class="three-column-analysis-style-content-center">Global Climate Change</div><div class="three-column-analysis-style-content-right">6701</div></div> <div><div class="three-column-analysis-style-content-left">97.</div><div class="three-column-analysis-style-content-center">Fresh Cut Flowers and Fresh Cut Greens Promotion and Information</div><div class="three-column-analysis-style-content-right">6801</div></div> <div><div class="three-column-analysis-style-content-left">98.</div><div class="three-column-analysis-style-content-center">Department of Agriculture Reorganization</div><div class="three-column-analysis-style-content-right">6901</div></div> <div><div class="three-column-analysis-style-content-left">99.</div><div class="three-column-analysis-style-content-center">Sheep Promotion, Research, and Information</div><div class="three-column-analysis-style-content-right">7101</div></div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> <!-- field-end:analysis --> <!-- documentid:7_-ch1 currentthrough:19960116 documentPDFPage:2 --> <!-- itempath:/070/CHAPTER 1 --> <!-- itemsortkey:070AAAB --> <!-- expcite:TITLE 7-AGRICULTURE!@!CHAPTER 1-COMMODITY EXCHANGES --> <!-- field-start:structuralhead --> <h3 class="chapter-head"><strong>CHAPTER 1&mdash;COMMODITY EXCHANGES</strong></h3> <!-- field-end:structuralhead --> <!-- field-start:analysis --> <div class="analysis"> <div><div class="analysis-head-left">Sec.</div></div> <div><div class="two-column-analysis-style-content-left">1.</div><div class="two-column-analysis-style-content-right">Short title.</div></div> <div><div class="two-column-analysis-style-content-left">1a.</div><div class="two-column-analysis-style-content-right">Definitions.</div></div> <div><div class="two-column-analysis-style-content-left">2.</div><div class="two-column-analysis-style-content-right">Accounts, agreements, and transactions subject to jurisdiction of Commodity Futures Trading Commission; relation to jurisdiction of Securities and Exchange Commission and Federal and State courts; excepted transactions.</div></div> <div><div class="two-column-analysis-style-content-left">2a.</div><div class="two-column-analysis-style-content-right">Designation of boards of trade as contract markets; approval by and jurisdiction of Commodity Futures Trading Commission and Securities and Exchange Commission.</div></div> <div><div class="two-column-analysis-style-content-left">3.</div><div class="two-column-analysis-style-content-right">Transaction in interstate commerce.</div></div> <div><div class="two-column-analysis-style-content-left">4.</div><div class="two-column-analysis-style-content-right">Liability of principal for act of agent.</div></div> <div><div class="two-column-analysis-style-content-left">4a.</div><div class="two-column-analysis-style-content-right">Commodity Futures Trading Commission.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Establishment; composition; term of Commissioners.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Vacancies.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">General Counsel.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Executive Director.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Powers and functions of Chairman.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(f)</div><div class="two-column-analysis-style-content-subitem-right">Conflict of interest.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(g)</div><div class="two-column-analysis-style-content-subitem-right">Liaison with Department of Agriculture; communications with Department of Treasury, Federal Reserve Board, and Securities and Exchange Commission; application by a board of trade for designation as a contract market for future delivery of securities.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(h)</div><div class="two-column-analysis-style-content-subitem-right">Transmittal of budget requests and legislative recommendations to Congressional committees.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(i)</div><div class="two-column-analysis-style-content-subitem-right">Seal.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(j)</div><div class="two-column-analysis-style-content-subitem-right">Rules and regulations.</div></div> <div><div class="two-column-analysis-style-content-left">5.</div><div class="two-column-analysis-style-content-right">Legislative findings.</div></div> <div><div class="two-column-analysis-style-content-left">6.</div><div class="two-column-analysis-style-content-right">Regulation of futures trading and foreign transactions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Restriction of futures trading to contract markets.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Regulation of foreign transactions by United States persons.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Public interest exemption from contract market requirement.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Effect of exemption on investigative authority of Commission.</div></div> <div><div class="two-column-analysis-style-content-left">6a.</div><div class="two-column-analysis-style-content-right">Excessive speculation.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Burden on interstate commerce; trading or position limits.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Prohibition on trading or positions in excess of limits fixed by Commission.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Applicability to bona fide hedging transactions or positions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Persons subject to regulation; applicability to transactions made by or on behalf of United States.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Rulemaking power of contract markets and penalties for violation.</div></div> <div><div class="two-column-analysis-style-content-left">6b.</div><div class="two-column-analysis-style-content-right">Fraud, false reporting, or deception prohibited.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Contracts designed to defraud or mislead; bucketing orders.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Buying and selling orders for commodity.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Inapplicability to transactions on foreign exchanges.</div></div> <div><div class="two-column-analysis-style-content-left">6c.</div><div class="two-column-analysis-style-content-right">Prohibited transactions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Meretricious transactions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Regulated option trading.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Regulations for elimination of pilot status of commodity option transactions; terms and conditions of options trading.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Dealer options exempt from subsections (b) and (c) prohibitions; requirements.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Rules and regulations.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(f)</div><div class="two-column-analysis-style-content-subitem-right">Nonapplicability to foreign currency options.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(g)</div><div class="two-column-analysis-style-content-subitem-right">Oral orders.</div></div> <div><div class="two-column-analysis-style-content-left">6d.</div><div class="two-column-analysis-style-content-right">Dealing by unregistered futures commission merchants or introducing brokers prohibited; duties of merchants regarding monies and securities of customers.</div></div> <div><div class="two-column-analysis-style-content-left">6e.</div><div class="two-column-analysis-style-content-right">Dealings by unregistered floor trader or broker prohibited.<!-- PDFPage:3 --></div></div> <div><div class="two-column-analysis-style-content-left">6f.</div><div class="two-column-analysis-style-content-right">Registration and financial requirements; risk assessment.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Registration of futures commission merchants, introducing brokers, and floor brokers and traders.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Financial requirements for futures commission merchants and introducing brokers.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Risk assessment for holding company systems.</div></div> <div><div class="two-column-analysis-style-content-left">6g.</div><div class="two-column-analysis-style-content-right">Reporting and recordkeeping.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">In general.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Daily trading records: clearinghouses and contract markets.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Daily trading records: floor brokers, introducing brokers, and futures commission merchants.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Daily trading records: form and reports.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Disclosure of information.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(f)</div><div class="two-column-analysis-style-content-subitem-right">Authority of Commission to make separate determinations unimpaired.</div></div> <div><div class="two-column-analysis-style-content-left">6h.</div><div class="two-column-analysis-style-content-right">False self-representation as contract market member prohibited.</div></div> <div><div class="two-column-analysis-style-content-left">6i.</div><div class="two-column-analysis-style-content-right">Reports of deals equal to or in excess of trading limits; books and records; cash and controlled transactions.</div></div> <div><div class="two-column-analysis-style-content-left">6j.</div><div class="two-column-analysis-style-content-right">Regulation of trades and executions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Dual trading prohibited; exemptions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Trades and executions by floor brokers.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Trades by futures commission merchants.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Restrictions on trading among members of broker associations.</div></div> <div><div class="two-column-analysis-style-content-left">6k.</div><div class="two-column-analysis-style-content-right">Registration of associates of futures commission merchants, commodity pool operators, and commodity trading advisors; required disclosure of disqualifications.</div></div> <div><div class="two-column-analysis-style-content-left">6<em>l.</em></div><div class="two-column-analysis-style-content-right">Commodity trading advisors and commodity pool operators; Congressional finding.</div></div> <div><div class="two-column-analysis-style-content-left">6m.</div><div class="two-column-analysis-style-content-right">Use of mails or other means or instrumentalities of interstate commerce by commodity trading advisors and commodity pool operators; relation to other law.</div></div> <div><div class="two-column-analysis-style-content-left">6n.</div><div class="two-column-analysis-style-content-right">Registration of commodity trading advisors and commodity pool operators; application; expiration and renewal; record keeping and reports; disclosure; statements of account.</div></div> <div><div class="two-column-analysis-style-content-left">6<em>o.</em></div><div class="two-column-analysis-style-content-right">Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons.</div></div> <div><div class="two-column-analysis-style-content-left">6p.</div><div class="two-column-analysis-style-content-right">Standards and examinations.</div></div> <div><div class="two-column-analysis-style-content-left">7.</div><div class="two-column-analysis-style-content-right">Designation of board of trade as &ldquo;contract market&rdquo;; conditions and requirements.</div></div> <div><div class="two-column-analysis-style-content-left">7a.</div><div class="two-column-analysis-style-content-right">Duties of contract markets.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">In general.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Monitoring system to detect violations of rules and regulations.</div></div> <div><div class="two-column-analysis-style-content-left">7b.</div><div class="two-column-analysis-style-content-right">Suspension or revocation of designation as &ldquo;contract market&rdquo;.</div></div> <div><div class="two-column-analysis-style-content-left">8.</div><div class="two-column-analysis-style-content-right">Application for designation as &ldquo;contract market&rdquo;; time; suspension or revocation of designation; hearing; review by court of appeals.</div></div> <div><div class="two-column-analysis-style-content-left">9.</div><div class="two-column-analysis-style-content-right">Exclusion of persons from privilege of &ldquo;contract markets&rdquo;; procedure for exclusion; review by court of appeals.</div></div> <div><div class="two-column-analysis-style-content-left">9a.</div><div class="two-column-analysis-style-content-right">Assessment of money penalties.</div></div> <div><div class="two-column-analysis-style-content-left">9b.</div><div class="two-column-analysis-style-content-right">Rules prohibiting deceptive and other abusive telemarketing acts or practices.</div></div> <div><div class="two-column-analysis-style-content-left">10.</div><div class="two-column-analysis-style-content-right" id="wide">Repealed.</div></div> <div><div class="two-column-analysis-style-content-left">10a.</div><div class="two-column-analysis-style-content-right">Cooperative associations and corporations, exclusion from board of trade; rules of board inapplicable to payment of compensation by association.</div></div> <div><div class="two-column-analysis-style-content-left">11.</div><div class="two-column-analysis-style-content-right">Vacation on request of designation as &ldquo;contract market&rdquo;; redesignation.</div></div> <div><div class="two-column-analysis-style-content-left">12.</div><div class="two-column-analysis-style-content-right">Public disclosure.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Investigations respecting operations of boards of trade and others subject to this chapter; publication of results; restrictions; information received from foreign futures authorities; undercover operations.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Business matters; congressional, administrative, judicial, and bankruptcy proceedings.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Reports respecting conduct of boards of trade or transactions of violators; contents.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Investigations respecting marketing conditions of commodities and commodity products and byproducts; reports.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Names and addresses of traders of boards of trade previously disclosed; disclosure to Congress and agencies or departments of States or foreign governments or foreign futures authority.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(f)</div><div class="two-column-analysis-style-content-subitem-right">Compliance with subpoena after notice to informant; congressional subpoenas and requests for information excepted.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(g)</div><div class="two-column-analysis-style-content-subitem-right">Requests for information by State agencies or subdivisions; volunteering of information by Commission.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(h)</div><div class="two-column-analysis-style-content-subitem-right">Annual report to Congress.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(i)</div><div class="two-column-analysis-style-content-subitem-right">Review and audits by Comptroller General.</div></div> <div><div class="two-column-analysis-style-content-left" id="wide">12&ndash;1 to 12&ndash;3. Omitted.</div></div> <div><div class="two-column-analysis-style-content-left">12a.</div><div class="two-column-analysis-style-content-right">Registration of commodity dealers and associated persons; regulation of contract markets.</div></div> <div><div class="two-column-analysis-style-content-left">12b.</div><div class="two-column-analysis-style-content-right">Trading ban violations; prohibition.</div></div> <div><div class="two-column-analysis-style-content-left">12c.</div><div class="two-column-analysis-style-content-right">Disciplinary actions.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Action taken; written notice of reasons for action.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Review by Commission.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Affirmance, modification, set aside, or remand of action.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Stay of action.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-subitem-right">Major disciplinary rule violations.</div></div> <div><div class="two-column-analysis-style-content-left">12d.</div><div class="two-column-analysis-style-content-right">Commission action for noncompliance with export sales reporting requirements.</div></div> <div><div class="two-column-analysis-style-content-left">12e.</div><div class="two-column-analysis-style-content-right">Commission oversight; deficiency orders.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(a)</div><div class="two-column-analysis-style-content-subitem-right">Assessments.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(b)</div><div class="two-column-analysis-style-content-subitem-right">Deficiency orders.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(c)</div><div class="two-column-analysis-style-content-subitem-right">Rescission, modification, or delay of deficiency orders.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(d)</div><div class="two-column-analysis-style-content-subitem-right">Penalties.</div></div> <div><div class="two-column-analysis-style-content-subitem-left">(e)</div><div class="two-column-analysis-style-content-su…

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