Bill > HR6655

This bill, titled the CFTC Charitable Organization Exemption Act of 2025, aims to exempt certain charitable organizations from the regulations and registration requirements of the Commodity Exchange Act, which governs commodity trading. Specifically, it amends Section 4m of the Commodity Exchange Act to create an exception for "qualified charitable organizations" and their associated individuals from the requirement to register as commodity trading advisors or commodity pool operators. A commodity trading advisor provides advice on buying or selling commodities, while a commodity pool operator manages a fund that trades commodity interests. The bill defines these exempt charitable organizations by referencing specific provisions of the Investment Company Act of 1940, which generally deals with investment funds. This exemption applies when these charitable organizations are acting on behalf of themselves or certain investment trusts or similar entities that are also excluded from being considered "investment companies." The bill also includes provisions for other exemptions, such as for small commodity trading advisors and those registered with the Securities and Exchange Commission (SEC) as investment advisers whose primary business is not commodity trading. Importantly, this exemption does not affect any obligations or rights under securities laws like the Securities Act of 1933 or the Securities Exchange Act of 1934, and it requires disclosure from exempted charitable organizations in certain circumstances.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/6655/all-info