Sec. 103. Advisory committee changes
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Section 2(a)(15) of the Commodity Exchange Act ( 7 U.S.C. 2(a)(15) ) is amended to read as follows: The Commission shall establish advisory committees to serve as vehicles for discussion and communication on matters related to the regulatory activities of the Commission. The Commission shall appoint to an advisory committee such members as the Commission finds appropriate to promote robust discussion of the subject mater before the advisory committee. In appointing members to an advisory committee, the Commission shall seek to include a wide diversity of opinion and represent a broad cross-section of interests, as applicable to the subject matter.
The activities of an advisory committee shall include the following: To hold meetings at such intervals as necessary to carry out the functions of the advisory committee. To submit to the Commission such reports and recommendations to the Commission (including minority views, if any) as the advisory committee deems appropriate. Such activities as the Commission determines is appropriate. An advisory committee established under this paragraph shall be subject to the Federal Advisory Committee Act. .
Notwithstanding section 2(a)(15) of the Commodity Exchange Act, the Commodity Futures Trading Commission may permit an advisory committee that, as of the date of the enactment of this Act, had a charter established by the Commission, or that was established under such section as in effect before such date of enactment, to continue to operate in accordance with the charter or in accordance with such predecessor section until the sponsor of the advisory committee is changed. After which such advisory committee will become subject to section 2(a)(15) of the Commodity Exchange Act.
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Sec. 103
Advisory committee changes
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