Page:United States Statutes at Large Volume 122.djvu/1450

 12 2 STA T . 1 4 2 7PUBLIC LA W 11 0– 2 3 4 —M A Y 22, 200 8Busine ss ofth e H ouse of R e pr esent a ti v es a report on the d isaster assistan c e operations of the A d m inistration for that fisca ly ear .T he report shall —‘ ‘ (1) specify the num b er of Administration personnel involved in such operations ‘‘( 2 ) describe any material chan g es to those operations , such as changes to technologies used or to personnel responsibil - ities; ‘‘( 3 ) describe and assess the effectiveness of the Administra- tion in responding to disasters during that fiscal year, including a description of the number and amounts of loans made for damage and for economic in j ury; and ‘‘( 4 ) describe the plans of the Administration for preparing to respond to disasters during the ne x t fiscal year. ’ ’. TI T LEX III —COM MO D IT YFU TU R E SSEC.130 01. S HORT T I T L E. This title may be cited as the ‘‘ CF TC Reauthori z ation Act of2 0 0 8 ’’. S ubti t leA — G e n e ra l P r ov i s ions SEC. 13101. CO M MISSIO NAU THORIT Y O V ERA G REEMENTS , CONTRACTS OR TRANSACTIONS IN F OREIGN CURRENCY. (a) INGE NE RAL .— S ection 2(c)(2) of the Commodity E xchange Act ( 7U .S.C. 2(c)(2)) is amended by stri k ing subparagraphs (B) and (C) and inserting the follo w ing

‘‘(B) A G REE M EN TS , CO NTRACTS, AN D TRANSACT I ONS IN RETAIL F OREIGN C U RRENC Y .— ‘‘(i) This Act applies to, and the Commission shall have jurisdiction over, an agreement, contract, or transaction in foreign currency that— ‘‘(I) is a contract of sale of a commodity for future delivery (or an option on such a contract) or an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6 (a) of the Securities Exchange Actof1 9 34 (1 5 U.S.C. 78f(a))); and ‘‘(II) is offered to, or entered into with, a person that is not an eligible contract participant, unless the counterparty, or the person offering to be the counterparty, of the person is— ‘‘(aa) a financial institution; ‘‘(bb)(AA) a broker or dealer registered under section 15(b) (except paragraph (11) thereof) or 15C of the Securities Exchange Act of 1934 (15 U.S.C. 78o(b), 78o – 5); or ‘‘(BB) an associated person of a broker or dealer registered under section 15(b) (except paragraph (11) thereof) or 15C of the Securi- ties Exchange Act of 1934 (15 U.S.C. 78o(b), 78o–5) concerning the financial or securities activities of which the broker or dealer makes and keeps records under section 15C(b) or Ap p licab ili ty.CFT C Re a u t hor i z atio n Act o f20 0 8 . 7US C 1 note.

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