§ 5. — Findings and purpose.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC5]
TITLE 7--AGRICULTURE
CHAPTER 1--COMMODITY EXCHANGES
Sec. 5. Findings and purpose
(a) Findings
The transactions subject to this chapter are entered into regularly
in interstate and international commerce and are affected with a
national public interest by providing a means for managing and assuming
price risks, discovering prices, or disseminating pricing information
through trading in liquid, fair and financially secure trading
facilities.
(b) Purpose
It is the purpose of this chapter to serve the public interests
described in subsection (a) of this section through a system of
effective self-regulation of trading facilities, clearing systems,
market participants and market professionals under the oversight of the
Commission. To foster these public interests, it is further the purpose
of this chapter to deter and prevent price manipulation or any other
disruptions to market integrity; to ensure the financial integrity of
all transactions subject to this chapter and the avoidance of systemic
risk; to protect all market participants from fraudulent or other
abusive sales practices and misuses of customer assets; and to promote
responsible innovation and fair competition among boards of trade, other
markets and market participants.
(Sept. 21, 1922, ch. 369, Sec. 3, as added Pub. L. 106-554, Sec. 1(a)(5)
[title I, Sec. 108], Dec. 21, 2000, 114 Stat. 2763, 2763A-383.)
Prior Provisions
A prior section 5, acts Sept. 21, 1922, ch. 369, Sec. 3, 42 Stat.
999; June 15, 1936, ch. 545, Sec. 2, 49 Stat. 1491; Pub. L. 97-444,
title II, Sec. 203, Jan. 11, 1983, 96 Stat. 2298, stated legislative
findings, prior to repeal by Pub. L. 106-554, Sec. 1(a)(5) [title I,
Sec. 108], Dec. 21, 2000, 114 Stat. 2763, 2763A-383.
