§ 16a. Service fees and National Futures Association study
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/usc/title-7/section-16aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Development and implementation of plan for user fees; report to and approval by Congressional committees Notwithstanding any other provision of law, the Commodity Futures Trading Commission may develop and implement a plan to charge and collect reasonable fees to cover the estimated cost of regulating transactions under the jurisdiction of the Commission. However, prior to implementing such a plan, the Commission shall report its intention to do so to the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition, and Forestry. The Commission shall include in its report the feasibility and desirability of collecting such fees. Any plan developed under this section shall not be implemented until approved by the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition, and Forestry. Fees collected under any plan approved under this section shall be deposited in the Treasury of the United States as miscellaneous receipts.
(b)National Futures Association regulatory experience; report; contents The Commodity Futures Trading Commission shall submit to Congress a report containing the results of a study of the regulatory experience of the National Futures Association for the period beginning January 1, 1983 and ending September 30, 1985. The report shall be submitted not later than January 1, 1986. The report shall include (but not to be limited to) the following—
(1)the extent to which the National Futures Association has fully implemented the program provided in the rules approved by the Commission under section 17(p) and
(q)of the Commodity Exchange Act [7 U.S.C. 21(p), (q)] and the effectiveness of the operation of such program;
(2)the actual and projected cost savings to the Federal Government, if any, resulting from operations of the National Futures Association;
(3)the actual and projected costs which the Commission and the public would have incurred if the Association had not undertaken self-regulatory responsibility for certain areas under the Commission’s jurisdiction;
(4)problem areas, if any, encountered by the Association;
(5)the nature of the working relationship between the Association and the Commission;
(6)an assessment of the actual and projected efficiencies the Commission has achieved or expects to be achieved as a result of the continuing regulatory activities of the Association; and
(7)the immediate and projected capabilities of the Commission at the time of submission of the study to turn its attention to more immediate problems of regulation, as a result of the activities of the Association.
(c)Schedule of fees for services, activities and functions; notice and hearing; actual cost standard Nothing in this section shall limit the authority of the Commission to promulgate, after notice and opportunity for hearing, a schedule of appropriate fees to be charged for services rendered and activities and functions performed by the Commission in conjunction with its administration and enforcement of the Commodity Exchange Act [7 U.S.C. 1 et seq.]: Provided, That the fees for any specified service or activity or function shall not exceed the actual cost thereof to the Commission.
(Pub. L. 95–405, § 26, Sept. 30, 1978, 92 Stat. 877; Pub. L. 97–444, title II, § 237, Jan. 11, 1983, 96 Stat. 2325.)
Connections47 cite this · traces to 3
Cited by 47 sections · top 37
statutes-at-large
- Public Law 102–546To amend the Commodity Exchange Act to improve the regulation of futures and options traded under rules and regulations of the Commodity Futures Trading Commission; to establish registration standards for all exchange floor traders; to restrict practices which may lead to the abuse of outside custom
- Public Law 95–405To extend the Commodity Exchange Act, and for other purposes
- Public Law 97–444To extend the Commodity Exchange Act, and for other purposes.s Jan. 11, 1983 [[H
register
- NoticesNotice of 2018 schedule of fees
- NoticesEstablishment of the FY 2006 schedule of fees
- Rules and RegulationsNotice of FY 2012 schedule of fees
- Rules and RegulationsNotice of FY 2011 schedule of fees
- NoticesNotice of 2015 schedule of fees
- NoticesEstablish a new schedule of fees
- NoticesNotification of 2021 schedule of fees
- NoticesNotice of 2019 schedule of fees
- NoticesNotice of 2017 schedule of fees
- Proposed RulesEstablishment of a new schedule of fees
- NoticesNotice of 2023 schedule of fees
- NoticesAnnual update of fees for product approval
- NoticesEstablish the FY 2004 schedule of fees
- Rules and RegulationsEstablish the FY 2005 schedule of fees
- NoticesNotice of 2016 schedule of fees
- Rules and RegulationsAnnual update of schedule of fees for product review and approval
- Rules and RegulationsEstablish a new schedule of fees
- NoticesNotice of public hearings
- Rules and RegulationsEstablish a new schedule of fees
- NoticesNotice of 2020 schedule of fees
- Rules and RegulationsEstablish a new schedule of fees
- NoticesNotice of FY 2013 Schedule of Fees
- NoticesNotice of 2014 Schedule of Fees
bill
- Sec. 412Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 417Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 412Elimination of report due in 1986
- Sec. 212Elimination of completed reports
- Sec. 211Elimination of completed reports
- Sec. 211Elimination of completed reports
11 references not yet in our index
- Pub. L. 95–405, § 26
- 92 Stat. 877
- Pub. L. 97–444, title II, § 237
- 96 Stat. 2325
- act Sept. 21, 1922, ch. 369
- 42 Stat. 998
- Pub. L. 97–444
- section 239 of Pub. L. 97–444
- section 28 of Pub. L. 95–405
- Pub. L. 102–546, title II, § 218
- 106 Stat. 3612
Citation graph
cites case law
§ 16a
Service fees and National Futures Association study
Fed. Reg.×33
Bills×11
Stat.×3
Pub. L.Pub. L. 95–405, § 26
Stat.92 Stat. 877
Pub. L.Pub. L. 97–444, title II, § 237
Stat.96 Stat. 2325
Actact Sept. 21, 1922, ch. 369
Cites 14 · showing 8Cited by 47 across 3 sources