Page:United States Statutes at Large Volume 89.djvu/137

 PUBLIC LAW 94-16—APR. 16, 1975

89 STAT. 77

Public Law 94-16 94th Congress Joint Resolution To extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974.

Apr. 16, 1975 [H.J. Res. 3351

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That notwithstanding any Commodity other provision of law or of the Commodity Exchange Act, as amended Futures Trading Commission (7 U.S.C. 1 et seq.), the Commodity Futures Trading Commission of 1974, Act established in section 2(a) of the Commodity Exchange Act, as extension. amended, in its discretion, and without prior notice or hearings: 7 USC 4a note. (a) may grant provisional designation as a contract market to 7 USC 4a. any boards of trade for any commodities traded thereon for such period not in excess of ninety days from the effective date of the Commodity Futures Trading Commission Act of 1974 and under 7 USC 4a note. such terms and conditions as the Commission may prescribe: Provided, That upon the expiration of any provisional designation of a board of trade as a contract market, such board of trade shall not be designated as a contract market except as provided in section 6 of the Commodity Exchange Act, as amended; 7 USC 8, 9, 15. (b) may grant provisional registration as a futures commission merchant, floor broker, associated person, commodity trading adviser, and commodity pool operator to any person for such period not in excess of ninety days from the effective date of the Commodity Futures Trading Commission Act of 1974 (Public Law 93-463) and under such terms and conditions as the Commission may prescribe; and (c) may defer for such period not in excess of ninety days from the effective date of the Act, the effective dates of sections 204, 205, 210, and 407 of the Commodity Futures Trading Commission Act of 1974 (Public Law 93^63). 88 Stat. 1415. SEC. 2, Section 203 of the Commodity Futures Trading Commission Act of 1974 is amended by striking the phrase "six months" wherever 7 USC 6j. it appears therein and substituting therefor the phrase "nine months". SEC. 3. Section 106 of the Commodity Futures Trading Commission Act of 1974 is amended by striking the phrase "one year" wherever it 7 USC 18. appears in the last paragraph thereof (subsection (i) of new section 14 of the Commodity Exchange Act, as amended) and substituting 7 USC 18. therefor the phrase "fifteen months" and by striking the phrase "nine months" in the last paragraph thereof (subsection (i) of the new section 14 of the Commodity Exchange Act, as amended) and substituting therefor the phrase "one year".

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