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LegalText 7 U.S.C. § 19 Consideration of costs and benefits and antitrust laws us united_states_code code_section 7 AGRICULTURE 1 COMMODITY EXCHANGES 19 7 U.S.C. § 19 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s19 data/legal/raw/us/code/title-07/usc07.xml ecf6a482c6f6ba197d699ca0c5a958798fd619bac397d018cdf81774c9a6a512 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 b69efae1b7b6c243a233eeb6bcd82955604eac49d30df42e74fda11e2093fc9b 2026-07-04 official
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7 U.S.C. § 19 - Consideration of costs and benefits and antitrust laws

Text

(a) Costs and benefits (1) In general Before promulgating a regulation under this chapter or issuing an order (except as provided in paragraph (3)), the Commission shall consider the costs and benefits of the action of the Commission.

(2) Considerations The costs and benefits of the proposed Commission action shall be evaluated in light of—

(A) considerations of protection of market participants and the public;

(B) considerations of the efficiency, competitiveness, and financial integrity of futures markets;

(C) considerations of price discovery;

(D) considerations of sound risk management practices; and

(E) other public interest considerations.

(3) Applicability This subsection does not apply to the following actions of the Commission:

(A) An order that initiates, is part of, or is the result of an adjudicatory or investigative process of the Commission.

(B) An emergency action.

(C) A finding of fact regarding compliance with a requirement of the Commission.

(b) Antitrust laws The Commission shall take into consideration the public interest to be protected by the antitrust laws and endeavor to take the least anticompetitive means of achieving the objectives of this chapter, as well as the policies and purposes of this chapter, in issuing any order or adopting any Commission rule or regulation (including any exemption under section 6(c) or 6c(b) of this title), or in requiring or approving any bylaw, rule, or regulation of a contract market or registered futures association established pursuant to section 21 of this title.

(Sept. 21, 1922, ch. 369, § 15, as added Pub. L. 93463, title I, § 107, Oct. 23, 1974, 88 Stat. 1395; amended Pub. L. 102546, title V, § 502(b), Oct. 28, 1992, 106 Stat. 3631; Pub. L. 106554, § 1(a)(5) [title I, § 119], Dec. 21, 2000, 114 Stat. 2763, 2763A403.)

Notes

Editorial Notes

Amendments2000—Pub. L. 106554 inserted section catchline, added subsec. (a), designated existing provisions as subsec. (b), and inserted subsec. (b) heading. 1992—Pub. L. 102546 substituted “regulation (including any exemption under section 6(c) or 6c(b) of this title)” for “regulation”.

Statutory Notes and Related Subsidiaries

Effective DateFor effective date of section, see section 418 of Pub. L. 93463, set out as an Effective Date of 1974 Amendment note under section 2 of this title.