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FEDERALhearing transcript
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1974 Congressional Hearings on the Commodity Futures Trading Commission Act

Original title: Commodity Futures Trading Commission Act of 1974: hearings before the Committee on Agriculture, House of Representatives, Ninety-third Congress, second session, on H.R. 11955, January 23, 24, 29, 30, and 31, 1974.

July 20, 2026

agriculturefinancial regulationcommodity tradingfederal agencies

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The Frame

What this does

These hearings established the legislative record for the creation of the Trading Commission, the federal agency that currently regulates U.S. derivatives markets and protects market participants from fraud and manipulation.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Commodity market participants

The proposed legislation would subject these participants to new federal oversight and regulatory requirements.

House Committee on Agriculture

The committee members were responsible for reviewing and reporting the bill to the House floor.

What changed

Last recorded activity July 20, 2026.

What's next

Next step not available in the current record.

Summary

This document records the official hearing transcripts held by the House Committee on Agriculture regarding H.R. 11955, a bill proposed to establish the Trading Commission (CFTC). The hearings took place over five days in January 1974 to evaluate the regulation of commodity futures markets.

Key Facts

  • The House Committee on Agriculture held hearings on H.R. 11955 over five days: January 23, 24, 29, 30, and 31, 1974.
  • The primary purpose of the hearings was to deliberate on the Commodity Futures Trading Commission Act of 1974.
  • The legislation aimed to create a new federal regulatory body, the Commodity Futures Trading Commission (CFTC).
  • The hearings were conducted during the second session of the 93rd Congress.

Why It Matters

These hearings established the legislative record for the creation of the Trading Commission, the federal agency that currently regulates U.S. derivatives markets and protects market participants from fraud and manipulation.

Frequently Asked Questions

What was the purpose of these hearings?
The hearings were held to gather testimony and debate the proposed Trading Commission Act of 1974, which sought to establish a federal agency to oversee commodity futures trading.
When did these hearings take place?
The hearings were held on January 23, 24, 29, 30, and 31, 1974.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Establishment of Federal Oversight

The hearings mark the transition from limited oversight to the creation of a dedicated federal commission for commodity trading.

Commodity Futures Trading Commission

Connected Entities

organizationHouse Committee on Agriculture“The congressional committee responsible for conducting the hearings.”Map →
organizationCommodity Futures Trading Commission“The proposed federal agency that is the subject of the legislation.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz5
    Current news / social attention level

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