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7 U.S.C. § 20Market reports

submitted 104 years ago by Pub. L. 93-463 to r/title-7-AGRICULTURE · 234 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Commission can investigate futures markets and publish its findings as regular reports. It must avoid duplicating other agencies' market research and keep certain information confidential. It generally won't apply this section to security futures product investigations.

(a) Information The Commission may regularly investigate the markets for goods, articles, services, rights, and interests that are the subject of futures contracts. It can publish reports of what it finds, on a regular basis, for the public. Where appropriate, these reports include information about supply, demand, prices, and other conditions — in the United States and other countries — for those goods, articles, services, rights, and interests, along with information about the futures markets themselves. (b) Avoidance of duplication The Commission must work with the Department of Agriculture, and any other department or federal agency that also makes market investigations, to avoid unnecessary duplication of information-gathering. (c) Furnishing of information; confidentiality If the Department of Agriculture or another federal agency has market information the Commission wants, it must give that information to the Commission when an authorized Commission employee requests it. The Commission must follow any confidentiality rules that apply to that information. (d) Disclosure of business transactions, market positions, trade secrets, or names of customers The Commission's reports may not disclose data or information that would separately reveal any person's business transactions or market positions, or reveal trade secrets or customer names — except as provided in section 12 of this title. (e) Application This section does not apply to investigations involving any security underlying a security futures product.
the actual law source: uscode.house.gov ↗public domain
(a) Information

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) Avoidance of duplication

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) Furnishing of information; confidentiality

The Department of Agriculture and any other Department or Federal agency which has market information sought by the Commission shall furnish it to the Commission upon the request of any authorized employee of the Commission. The Commission shall abide by any rules of confidentiality applying to such information.

(d) Disclosure of business transactions, market positions, trade secrets, or names of customers

The Commission shall not disclose in such reports data and information which would separately disclose the business transactions or market positions of any person and trade secrets or names of customers except as provided in section 12 of this title.

(e) Application

This section shall not apply to investigations involving any security underlying a security futures product.

Source credit: (Sept. 21, 1922, ch. 369, § 16, as added Pub. L. 93–463, title IV, § 414, Oct. 23, 1974, 88 Stat. 1414; amended Pub. L. 97–444, title II, § 232, Jan. 11, 1983, 96 Stat. 2320; Pub. L. 106–554, § 1(a)(5) [title II, § 251(e)], Dec. 21, 2000, 114 Stat. 2763, 2763A–443.)

history & why it existsrecord from the source credit
  • 1922Enacted · Pub. L. 93-463 · 88 Stat. 1414
  • 1983Amended · Pub. L. 97-444 · 96 Stat. 2320
  • 2000Amended · Pub. L. 106-554 · 114 Stat. 2763, 2763

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-463 on 1922-09-21.

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