CFMA – Commodity Futures Modernization Act

The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that ensured financial products known as over-the-counter (OTC) derivatives remained unregulated.
It was signed into law on December 21, 2000 by President Bill Clinton.

Commodity Exchange Act (ch. 545, 49 Stat. 1491, enacted June 15, 1936) is a federal act passed in 1936 by the U.S. Government (replacing the Grain Futures Act of 1922).

The Act provides federal regulation of all commodities and futures trading activities and requires all futures and commodity options to be traded on organized exchanges. In 1974, the Commodity Futures Trading Commission (CFTC) was created as a result of the Commodity Exchange Act, and in 1982 the National Futures Association (NFA) was created by CFTC.
1989 0913 - House Session
- The House passed H.R. 2869, the Commodity Futures Improvement Act.
- This bill is designated to toughen federal regulation of the commodity futures markets as well as permanently authorize the federal Commodity Futures Trading Commission (CFTC) to oversee those markets.

2000 0621 - Chairman Arthur Levitt (SEC) - Testimony - re: S. 2697, The Commodity Futures Modernization Act of 2000 - [link]
- Before the Committee on Agriculture, Nutrition, and Forestry and Committee on Banking, Housing, and Urban Affairs United States Senate