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FEDERALhearing transcript

High Impact

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.

Record date · July 20, 2026

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What This Bill Does

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.

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.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Commodity market participants

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

Directly affected

House Committee on Agriculture

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

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.

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.

What else do you want to know?

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Full breakdown

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Related Legislation

hearing transcript