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Awards to whistleblowers are paid out of the Congress-established CFTC Consumer Protection Fund. The Fund is financed by money seized by individuals who violated the Commodity Exchange Act. [ 2 ] As of October 2021, the CFTC Whistleblower Program has awarded $300 million in whistleblower awards since it issued the first award in 2014.
The Commodity Futures Trading Commission Act of 1974 (P.L. 93-463) created the CFTC to replace the U.S. Department of Agriculture's Commodity Exchange Authority. [citation needed] The Act made extensive changes to the Commodity Exchange Act (CEA) of 1936, which itself amended the original Grain Futures Act of 1922. (7 U.S.C. 1 et seq.).
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806)). The CCC is authorized to buy, sell, lend, make payments, and engage in other activities for the ...
With a legacy of more than 100 years, the Better Business Bureau (BBB) is the go-to watchdog for evaluating businesses and charities. The nonprofit organization maintains a massive database of ...
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In the end of September, hedge funds had reduced their bets on higher commodity prices only days before raw materials rallied the most in 10 weeks -- they've since double-backed. Bloomberg reports ...
The Farm Service Agency implements agricultural policy, administers credit and loan programs, and manages conservation, commodity, disaster, and farm marketing programs through a national network of offices. The Administrator of FSA reports to the under secretary of agriculture for farm production and conservation.
The Sheep Promotion, Research, and Information Act of 1994 authorized the creation of the American Lamb Board as a commodity checkoff program. [2]Because individual producers of nearly homogeneous agricultural commodities cannot easily convince consumers to choose one egg or orange or a single cut of beef over another, they often have joined together in commodity promotion programs to use ...