7 U.S.C. § 19 — Consideration of costs and benefits and antitrust laws
submitted 104 years ago by Pub. L. 93-463 to r/title-7-AGRICULTURE · 240 words · no verdicts yet
Before making a new rule or order, the Commission must weigh its costs and benefits. It weighs effects on market protection, efficiency, competition, price discovery, and risk management. It must also favor the least anticompetitive option that meets the law's goals.
Before promulgating a regulation under this chapter or issuing an order (except as provided in paragraph (3)), the Commission* shall consider the costs and benefits of the action of the Commission.
The costs and benefits of the proposed Commission action shall be evaluated in light of—
considerations of protection of market participants and the public;
considerations of the efficiency, competitiveness, and financial integrity of futures markets;
considerations of price discovery;
considerations of sound risk management practices; and
other public interest considerations.
This subsection does not apply to the following actions of the Commission:
An order that initiates, is part of, or is the result of an adjudicatory or investigative process of the Commission.
An emergency action.
A finding of fact regarding compliance with a requirement of the Commission.
The Commission shall take into consideration the public interest to be protected by the antitrust laws and endeavor to take the least anticompetitive means of achieving the objectives of this chapter, as well as the policies and purposes of this chapter, in issuing any order or adopting any Commission rule or regulation (including any exemption under section 6(c) or 6c(b) of this title), or in requiring or approving any bylaw, rule, or regulation of a contract market or registered futures association established pursuant to section 21 of this title.
Source credit: (Sept. 21, 1922, ch. 369, § 15, as added Pub. L. 93–463, title I, § 107, Oct. 23, 1974, 88 Stat. 1395; amended Pub. L. 102–546, title V, § 502(b), Oct. 28, 1992, 106 Stat. 3631; Pub. L. 106–554, § 1(a)(5) [title I, § 119], Dec. 21, 2000, 114 Stat. 2763, 2763A–403.)
- 1922Enacted · Pub. L. 93-463 · 88 Stat. 1395
- 1992Amended · Pub. L. 102-546 · 106 Stat. 3631
- 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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