Page:United States Statutes at Large Volume 106 Part 4.djvu/877

 PUBLIC LAW 102-546—OCT. 28, 1992 106 STAT. 3613 (1) it is feasible to fund some or all of the enforcement and market surveillance activities of the Commodity Futures Trading Commission, as required by the amendments to the Commodity Exchange Act made by the Futures Trading Practices Act of 1992, through the imposition of an assessment on commodity futures and options transactions executed pursuant to the Commodity Exchange Act; and (2) a program of assessment-based funding for some or all of such enforcement and market surveillance activities would better provide resources to the Commodity Futures Trading Commission to enable the Commission to— (A) protect the interests of market users (including hedgers and speculators), producers of commodities traded on the futures markets, and the general public; and (B) maintain and enhance the credibility of such futures and options markets. (b) REPORT.— Not later than one year after the date of enactment of this Act, the Comptroller General shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report containing the Comptroller General's determinations pursuant to subsection (a), together with any appropriate recommendations for the implementation of such a program of assessmentbased funding for some or all of the Commodity Futures Trading Commission's enforcement and market surveillance activities. SEC. 219. COMPETmVENESS STUDY. 7 USC 4a note. (a) IN GENERAL.—No later than eighteen months following the enactment of this Act, the Commodity Futures Trading Commission shall study the competitiveness of boards of trade over which it has jurisdiction compared with the boards of trade (or their foreign equivalent) over which foreign futures authorities, as defined in section 2(a)(l)(A) of the Commodity Exchange Act (7 U.S.C. 2(a)(l)(A)), have jurisdiction, and submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report of its findings with respect to— (1) the overall competitive status of United States boards of trade in the world market; (2) a comparison of applicable statutes, rules, or regulations as they relate to futures and options administered and enforced by the Commission and those administered and enforced by foreign futures authorities; (3) any trends in, or movements of, volume of futures and options trading to or from United States boards of trade during the period of the study, and whether such trends or movements, if any, were the result of the adoption of statutes, regulations, or otner enforcement mechanisms in foreign countries or the United States, as opposed to other competitive, economic, regional, or commercial factors; (4) any significant harms or risks to the public interest, market users, traders, and commerce in relation to futures or options traded on such foreign boards of trade which may result from the absence of statutes, regulations, or other enforcement mechanisms in foreign countries or the United

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