Page:United States Statutes at Large Volume 88 Part 2.djvu/98

 1414

Administrative Law J u d g e.

Violations. Ante, pp. 13971399. Position classification.

Transfer of operations and proceedings. 7 USC 4a note.

7 USC 4a note.

Separability. 7 USC 4a note.

Market reports.

7 USC 20.

PUBLIC LAW 93-463-OCT. 23, 1974

[88 STAT.

(a) By deleting the words "not been disapproved by the Secretary of Agriculture pursuant to paragraph (7) of section 8a" and inserting in lieu thereof the words "been approved by the Commission pursuant to paragraph (12) of section 5a". (b) By deleting the word "so", and inserting the words "by the Commission" immediately before the semicolon at the end of such subsection. SEC. 408. Section 6(b) of the Commodity Exchange Act, as amended (7 U.S.C. 9), is amended— (a) By striking in the second sentence "a referee" and inserting in lieu thereof "an Administrative Law Judge". (b) By striking the word "referee" each other place it appears and inserting in lieu thereof "Administrative Law Judge". SEC. 409. Section 9(c) of the Commodity Exchange Act, as amended (7 U.S.C. 13), is amended by inserting after "section 4i" the following: "section 4k, section 4m, section 4o,". SEC. 410. Section 5108(c) of title 5 of the United States Code is amended by adding after paragraph (11) thereof the following new paragraph: "(12) The Commodity Futures Trading Commission, subject to the standards and procedures prescribed by this chapter, may place an additional twenty positions in (iS-16, GS-17, and GS-18 for purposes of carrying out its functions." SEC. 411. All operations of the Commodity Exchange Commission and of the Secretary of Agriculture under the Commodity Exchange Act, including all pending administrative proceedings, shall be transferred to the Commodity Futures Trading Commission as of the effective date of this Act and continue to completion. All rules, regulations, and orders heretofore issued by the Commodity Exchange Commission and by the Secretary of Agriculture under the Commodity Exchange Act to the extent not inconsistent with the provisions of this Act shall continue in full force and effect unless and until terminated, modified, or suspended by the Commodity Futures Trading Commission. SEC. 412. Pending proceedings under existing law shall not be abated by reason of any provision of this Act but shall be disposed of pursuant to the applicable provisions of the Commodity Exchange Act, as amended, in effect prior to the effective date of this Act. SEC. 418. If any provision of this Act or the application thereof to any person or circumstances is held invalid, the validity of the remainder of the Act and the application of such provision to other persons or circumstances shall not be affected thereby. SEC. 414. The Commodity Exchange Act, as amended, is amended by adding the following new section at the end thereof: "SEC. 16. (a) The Commission may conduct regular investigations of the markets for goods, articles, services, rights, and interests which are the subject of futures contracts, and furnish reports of the findings of these investigations to the public on a regular basis. These market reports shall, where appropriate, include information on the supply, demand, prices, and other conditions in the United States and other countries with respect to such goods, articles, services, rights, interests, and information respecting the futures markets. "(b) The Commission shall cooperate with the Department of Agriculture and any other Department or Federal agency which makes market investigations to avoid unnecessary duplication of information-gathering activities. "(c) The Department of Agriculture and any other Department or Federal agency which has market information sought by the Commis-

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