PUBLIC LAW 95-405—SEPT. 30, 1978
92 STAT. 877
"(d) If the Commission determines that any transaction under sub- Regulations, sections (b) and (c) of this section is a contract for future delivery within the meaning of this Act, such transaction shall be regulated in accordance with the applicable provisions of this Act.". REPEAL o r UEVERAGE TRANSACTION PROVISION I N THE 1974 ACT
SEC. 24. Section 217 of the Commodity Futures Trading Commission Act of 1974 (7 U.S.C. 15a) is hereby repealed. USE I M M U N I T Y
SEC. 25. Section 6001 of part V of title 18 of the United States Code (18 U.S.C. 6001) is amended by inserting after "Civil Aeronautics Board," the following: "the Commodity Futures Trading Commission,". PLAN FOR USER FEES
SEC. 26. Notwithstanding any other provision of law, the Commodity 7 USC 16a. Futures Trading Commission may develop and implement a plan to charge and collect reasonable fees to cover the estimated cost of regulating transactions under the jurisdiction of the Commission. How- Report to ever, prior to implementing such a plan, the Commission shall report congressional its intention to do so to the House Committee on Agriculture and the committees. Senate Committee on Agriculture, Nutrition, and Forestry. The Commission shall include in its report the feasibility and desirability of collecting such fees. Any plan developed under this section shall not be implemented until approved by the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition, and Forestry. Fees collected under any plan approved under this section shall be deposited in the Treasury of the United States as miscellaneous receipts. POTATO FUTURES
STUDY
SEC. 27. Within one year of the effective date of this Act, the Secretary of Agriculture shall— (1) conduct a comprehensive study of the marketing of Irish potatoes and of the making and trading of contracts of sale for the future delivery of Irish potatoes, including rules and regulations pertaining to such trading issued by the Commodity Futures Trading Commission or any contract market designated by the Commission; and (2) submit to each House of Congress a detailed report on the results of such study.
7 USC 20 note.
Report to Congress.
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