Page:United States Statutes at Large Volume 88 Part 2.djvu/76

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[88 STAT. 1392]
PUBLIC LAW 93-000—MMMM. DD, 1975
[88 STAT. 1392]

1392 Commissioners.

General Counsel. Executive Director.

7 USC 6, 6a, 6c-6g, 6i, 7, 7a, 8, 9, 11, 12, 12-1, 12a, 12b, 13b, 16.

7 USC 7b, 8, 9, 12a, 13a-13c.

7 USC 7a, 12, 12-1, 12a.

7 USC 6, 6g. 6i, 7, 7a, 12-1.

Transfer of personnel, property, e t c. 7 USC 4a note.

Report to Congress. 7 USC 12-2.

Reviews and audits. 7 USC 12-3.

PUBLIC LAW 93-463-OCT. 23, 1974

[88 STAT.

"(100) Members, Commodity Futures Trading Commission." (c) Section 5316 of title 5 of the United States Code is amended by adding at the end thereof the following new paragraphs: "(135) General Counsel, Commodity Futures Trading Commission. "(136) Executive Director, Commodity Futures Trading Commission." SEC. 103. The Commodity Exchange Act, as amended, is amended— (a) By striking the word "Secretary" and the words "Secretary of Agriculture" wherever such words appear therein (except where the words "Secretary of Agriculture" first appear in section 5(a) (7 U.S.C. 7) or where said words would be stricken by subsection (b), (c), or (d^ of this section) and by inserting in lieu thereof the word "Commission". (b) By striking the words "the Secretary of Agriculture or" wherever they appear in the phrase "the Secretary of Agriculture or the Commission". (c) By striking the words "the Secretary of Agriculture, who shall thereupon notify the other members of" from section 6(a) thereof (7 U.S.C.8)._ (d) By striking "the Secretary of Agriculture (or any person designated by him)," from section 6(b) thereof (7 U.S.C. 15). (e) By striking the word "he", "his", or " H e " wherever such word is used therein to refer to the Secretary of Agriculture, and by inserting in lieu thereof the word "it", "its", or "It", respectively. (f) By striking the words "United States Department of Agriculture" and "Department of Agriculture" wherever they appear therein and by inserting in lieu thereof the word "Commission". (g) By inserting in section 5(a) (7 U.S.C. 7) after the words "Secretary of Agriculture" where the same first appear therein the words "or the Commission". SEC. 104. All of the personnel of the Commodity Exchange Authority, property, records, and unexpended balance of appropriations, allocations, and other funds employed, used, held, available, or to be made available in connection with administration of the Commodity Exchange Act shall be transferred to the Commodity Futures Trading Commission upon the effective date of this Act. SEC. 105. Section 8 of the Commodity Exchange Act, as amended (7 U.S.C. 12, 12-1), is amended by adding at the end thereof the following new paragraphs: "The Commission shall submit to the Congress a written report within one hundred and twenty days after the end of each fiscal year detailing the operations of the Commission during such fiscal year. The Commission shall include in such report such information, data, and recommendations for further legislation as it may deem advisable with respect to the administration of this Act and its powers and functions under this Act. "The Comptroller General of the United States shall conduct reviews and audits of the Commission and make reports thereon. For the purpose of conducting such reviews and audits the Comptroller General shall be furnished such information regarding the powers, duties, organizations, transactions, operations, and activities of the Commission as he may require and he and his duly authorized representatives shall, for the purpose of securing such information, have access to and the right to examine any books, documents, papers, or records of the Commission except that in his reports the Comptroller General shall not include data and information which would separately disclose the business transactions of any person and trade secrets