Page:United States Statutes at Large Volume 104 Part 5.djvu/198

 104 STAT. 3520 PUBLIC LAW 101-624—NOV. 28, 1990 bushel to cover transaction fees, interest, and other expenses. (B) RELATIVE BENEFITS. —The Secretary shall inform participants that their participation is voluntary and that neither the United States, the Commodity Credit Corporation, nor representatives of the futures industry can guarantee that the participants will be better or worse off financially as a result of participation in the pilot program than the participants would be if the participants participated solely in price support and production adjustment programs carried out by the Secretary and the Commodity Credit Corporation. SEC. 1155. COMMODITY FUTURES TRADING INDUSTRY. (a) CONSULTATION. —The Secretary or the Secretary's designees may consult with representatives of the commodity futures trading industry who are specialists in the trading of futures contracts and futures options contracts, and who are designated by the regulated commodity futures markets that choose to participate in the pilot program. (b) PROCEDURE.—The designations and consultations may be held without regard to the Federal Advisory Committee Act (5 U.S.C. App. 2). Such Act shall not be applicable to the pilot program carried out under this subtitle, or to the meetings of representatives of the commodity futures trading industry with the Secretary or the Secretary's designees relating to this subtitle. SEC. 1156. COMMODITY CREDIT CORPORATION. (a) IN GENERAL.—The pilot program established under this subtitle shall be carried out by and through the Commodity Credit Corporation. Ob) FUNDS.— The Corporation shall expend such funds as may be required to conduct the pilot program for futures options contract trading in the manner specified in this subtitle and the regulations issued, and contracts entered into, to carry out this subtitle, except that funds of the Corporation may not be used to carry out this subtitle unless the Corporation has received funds to cover such expenditures from appropriations made in advance to carry out this subtitle. (c) CONTRACTS.— Contracts entered into under this subtitle shall be considered to be program benefit contracts of the Commodity Credit Corporation, and not service or acquisition contracts of the United States. Subtitle F—Conforming Amendments SEC. 1161. CONFORMING AMENDMENTS. (a) MISCELLANEOUS COMMODITY PROVISIONS.—The Agricultural Act of 1949 (7 U.S.C. 1441 et seq.) (as amended by sections 301, 1121, and 1122 of this Act) is further amended— 7 USC i445b-2, (1) by transferring sections 107C and 107E (7 U.S.C. 1445b-2 1445J; i445b-4, and 1445b-4) to the end of title I and redesignating such sections ^^^^^- as sections 114 and 115, respectively; and (2) by repealing section 107F (7 U.S.C. 1445b-5). (b) DESIGNATED NONBASIC AGRICULTURAL COMMODITIES. —Section 201 of the Agricultural Act of 1949 (7 U.S.C. 1446) is amended—

�