CFTC reauthorised, dealing with speculation
Congress has passed the Farm Bill and included approval of
Commodities Futures Trading Commission (CFTC) Reauthorisation
Act of 2008.
The reauthorisation, which took three years to draft and left
the agency without authorisation for more than a year, now will
run for five years. Congress made a few changes to the prior
Commodity Exchange Act, including provisions that strengthened
CFTC powers to protect customers as well as improve market
surveillance and market manipulation.
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