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Code · BILL · 119th Congress · H.R. 3633 (Introduced in House) — To provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Com... · Sec. 110

Sec. 110. Implementation

172 words·~1 min read·/bill/119/hr/3633/ih/section-110

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Unless otherwise provided in this Act or an amendment made by this Act, the Commodity Futures Trading Commission and the Securities and Exchange Commission, or both, shall individually, and jointly where required, promulgate rules and regulations required of each Commission under this Act or an amendment made by this Act not later than 360 days after the date of enactment of this Act. In order to prepare for the implementation of this Act, the Commodity Futures Trading Commission and the Securities and Exchange Commission may, before any effective date provided in this Act— promulgate rules, regulations, or orders permitted or required by this Act; conduct studies and prepare reports and recommendations required by this Act; register persons under this Act; and exempt persons, agreements, contracts, or transactions from provisions of this Act, under the terms contained in this Act.
An action by the Commodity Futures Trading Commission or the Securities and Exchange Commission under paragraph
(1)shall not become effective before the effective date otherwise applicable to the action under this Act.
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