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To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission authority over off-exchange retail foreign currency transactions, and for other purposes. 4/10/2008--Introduced. CFTC Improvement Act of 2008 - Amends the Commodity Exchange Act to revise Commodity Futures Trading Commission (CFTC) jurisdiction over certain agreements, contracts, and transactions in retail foreign currency. Extends coverage to certain future commissions merchants (and affiliated persons) and retail foreign exchange dealers. Requires them to register with the CFTC in order to solicit or accept orders from any person that is not an eligible contract participant in connection with such agreements, contracts, or transactions. Directs the CFTC to maintain a liaison with the Department of Justice to coordinate civil and criminal investigations and prosecutions of violations of the Act. Revises the prohibition against contracts designed to defraud or mislead.[...]

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Latest Actions
  • 11/19/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
  • 04/10/2008 - Sponsor introductory remarks on measure. (CR E580)
  • 04/10/2008 - Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 04/10/2008 - Referred to House Agriculture
  • 04/10/2008 - Referred to House Financial Services
Bill Text
File name Last Updated
H.R.5768 Introduced in House04/13/2008