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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 6l Commodity trading advisors and commodity pool operators; Congressional finding us united_states_code code_section 7 AGRICULTURE 1 COMMODITY EXCHANGES 6l 7 U.S.C. § 6l 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/s6l data/legal/raw/us/code/title-07/usc07.xml 28e168ff20f7514082f634ae6ab7d64fa4eddc38c69f70e20738d2c225452b24 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 316d5008c557e6ebb475e46088abbbe571d6042d8fe9aa2c0f9551a559916c53 2026-07-04 official
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7 U.S.C. § 6l - Commodity trading advisors and commodity pool operators; Congressional finding

Text

It is hereby found that the activities of commodity trading advisors and commodity pool operators are affected with a national public interest in that, among other things—

(1) their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their contracts, solicitations, subscriptions, agreements, and other arrangements with clients take place and are negotiated and performed by the use of the mails and other means and instrumentalities of interstate commerce;

(2) their advice, counsel, publications, writings, analyses, and reports customarily relate to and their operations are directed toward and cause the purchase and sale of commodities for future delivery on or subject to the rules of contract markets or derivatives transaction execution facilities; and

(3) the foregoing transactions occur in such volume as to affect substantially transactions on contract markets or derivatives transaction execution facilities.

(Sept. 21, 1922, ch. 369, § 4l, as added Pub. L. 93463, title II, § 205(a), Oct. 23, 1974, 88 Stat. 1397; Pub. L. 106554, § 1(a)(5) [title I, § 123(a)(10)], Dec. 21, 2000, 114 Stat. 2763, 2763A408.)

Notes

Editorial Notes

Amendments2000—Pars. (2), (3). Pub. L. 106554 inserted “or derivatives transaction execution facilities” after “contract markets”.

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.