Title 15 — Commerce and Trade
Part A · Chapter 109 — Wall Street Transparency and Accountability
§ 8308. Memorandum
Statutory text
The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after , negotiate a memorandum of understanding to establish procedures for—
applying their respective authorities in a manner so as to ensure effective and efficient regulation in the public interest;
resolving conflicts concerning overlapping jurisdiction between the 2 agencies; and
avoiding, to the extent possible, conflicting or duplicative regulation.
Such memorandum and any subsequent amendments to the memorandum shall be promptly submitted to the appropriate committees of Congress.
The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after , negotiate a memorandum of understanding to share information that may be requested where either Commission is conducting an investigation into potential manipulation, fraud, or market power abuse in markets subject to such Commission’s regulation or oversight. Shared information shall remain subject to the same restrictions on disclosure applicable to the Commission initially holding the information.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Wall Street Transparency and Accountability Act of 2010
Pub. L. 111–203 title VII § 720 · 124 Stat. 1376
Enacted · 15 U.S.C. § 8308
(Pub. L. 111–203, title VII, § 720, July 21, 2010, 124 Stat. 1657.)
Source evidence
Code source credit
(Pub. L. 111–203, title VII, § 720, July 21, 2010, 124 Stat. 1657.)Enacted provision · exact public law section
SEC. 720. MEMORANDUM. (a) (1) The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after the date of the enactment of this Act, negotiate a memorandum of understanding to establish procedures for— (A) applying their respective authorities in a manner so as to ensure effective and efficient regulation in the public interest; (B) resolving conflicts concerning overlapping jurisdiction between the 2 agencies; and (C) avoiding, to the extent possible, conflicting or duplicative regulation. (2) Such memorandum and any subsequent amendments to the memorandum shall be promptly submitted to the appropriate committees of Congress. (b) Deadline. The Commodity Futures Trading Commission and the Federal Energy Regulatory Commission shall, not later than 180 days after the date of the enactment of this section, negotiate a memorandum of understanding to share information that may be requested where either Commission is conducting an investigation into potential manipulation, fraud, or market power abuse in markets subject to such Commission’s regulation or oversight. Shared information shall remain subject to the same restrictions on disclosure applicable to the Commission initially holding the information.
1 of 1 references resolved to an enrolled provision