Futures Trading Act of 1986

The Futures Trading Act of 1986 was enacted on November 10, 1986, to reauthorize appropriations for the Commodity Exchange Act and make technical improvements. The Act consists of four titles: Futures Trading, Miscellaneous Provisions, Grain Quality Improvement, and Federal Meat Inspection. Title I focuses on fraudulent practices, options transactions, extraterritorial service of subpenas, and leverage transactions. Title II addresses cross-compliance for extra long staple cotton producers, basis for computation of emergency compensation under the 1986 wheat program, Valencia peanuts, local agricultural stabilization and conservation committees, eligibility of certain land under the Conservation Reserve Program, and marketing practices and training. Title III is the Grain Quality Improvement Act of 1986, which aims to promote high-quality grain by revising official United States standards for grain and allowing exemptions from certain regulations.