§ 27e. — Exclusion of covered swap agreements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC27e]
TITLE 7--AGRICULTURE
CHAPTER 1--COMMODITY EXCHANGES
Sec. 27e. Exclusion of covered swap agreements
No provision of the Commodity Exchange Act [7 U.S.C. 1 et seq.]
(other than section 5b of such Act [7 U.S.C. 7a-1] with respect to the
clearing of covered swap agreements) shall apply to, and the Commodity
Futures Trading Commission shall not exercise regulatory authority with
respect to, a covered swap agreement offered, entered into, or provided
by a bank.
(Pub. L. 106-554, Sec. 1(a)(5) [title IV, Sec. 407], Dec. 21, 2000, 114
Stat. 2763, 2763A-461.)
References in Text
The Commodity Exchange Act, referred to in text, is act Sept. 21,
1922, ch. 369, 42 Stat. 998, as amended, which is classified generally
to this chapter. For complete classification of this Act to the Code,
see section 1 of this title and Tables.
Codification
Section was enacted as part of the Legal Certainty for Bank Products
Act of 2000, and also as part of the Commodity Futures Modernization Act
of 2000, and not as part of the Commodity Exchange Act which comprises
this chapter.
Section Referred to in Other Sections
This section is referred to in sections 1a, 2, 7a-1, 16, 27, 27d,
27f of this title; title 15 section 78c.
