US Laws, Codes, Statutes & Cases

From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 7USC27e]

 
                          TITLE 7--AGRICULTURE
 
                     CHAPTER 1--COMMODITY EXCHANGES
 
Sec. 27e. Exclusion of covered swap agreements

    No provision of the Commodity Exchange Act [7 U.S.C. 1 et seq.] 
(other than section 5b of such Act [7 U.S.C. 7a-1] with respect to the 
clearing of covered swap agreements) shall apply to, and the Commodity 
Futures Trading Commission shall not exercise regulatory authority with 
respect to, a covered swap agreement offered, entered into, or provided 
by a bank.

(Pub. L. 106-554, Sec. 1(a)(5) [title IV, Sec. 407], Dec. 21, 2000, 114 
Stat. 2763, 2763A-461.)

                       References in Text

    The Commodity Exchange Act, referred to in text, is act Sept. 21, 
1922, ch. 369, 42 Stat. 998, as amended, which is classified generally 
to this chapter. For complete classification of this Act to the Code, 
see section 1 of this title and Tables.

                          Codification

    Section was enacted as part of the Legal Certainty for Bank Products 
Act of 2000, and also as part of the Commodity Futures Modernization Act 
of 2000, and not as part of the Commodity Exchange Act which comprises 
this chapter.

                  Section Referred to in Other Sections

    This section is referred to in sections 1a, 2, 7a-1, 16, 27, 27d, 
27f of this title; title 15 section 78c.