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HR 718 104th Congress House

Markets and Trading Reorganization and Reform Act

Official title: To establish a Markets and Trading Commission in order to combine the functions of the Commodity Futures Trading Commission and the Securities and Exchange Com… Show full official titleShow less

Official title: To establish a Markets and Trading Commission in order to combine the functions of the Commodity Futures Trading Commission and the Securities and Exchange Commission in a single independent regulatory commission, and for other purposes.

Introduced: January 27, 1995 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Finance and Financial Sector Advice and consent of the SenateCommodity Futures Trading CommissionCommodity exchangesCongress
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Congressional reporting requirementsExecutive reorganizationFederal Reserve SystemFederal advisory bodiesFederal employeesForeign Trade and International FinanceFutures tradingGovernment Operations and PoliticsIndependent regulatory commissionsLabor and EmploymentMargins (Security trading)Options (Contract)Presidential appointmentsSecuritiesSecurities and Exchange Commission
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 25, 1995
Subcommittee Hearings Held.
May 3, 1995
Subcommittee Hearings Held.
Mar 30, 1995
Subcommittee Hearings Held.
Feb 21, 1995
Referred to the Subcommittee on Telecommunications and Finance, for a period to be subsequently determined by the Chairman.
Feb 10, 1995
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 10, 1995
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Feb 3, 1995
Referred to the Subcommittee on Risk Management and Specialty Crops.
Jan 27, 1995
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Commerce, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 27, 1995
Introduced in House
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 Latest action October 25, 1995

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Establishment of Commission

Title II: Transfers of Functions

Title III: Federal Financial Markets Coordinating Council

Title IV: Administrative Provisions

Title V: Transitional, Savings, and Conforming Provisions

Title VI: Effective Date

Markets and Trading Reorganization and Reform Act - Title: Establishment of Commission - Establishes the Markets and Trading Commission (the Commission) as an independent regulatory body.

Title II: Transfers of Functions - Transfers to the Commission: (1) all functions of the Commodity Futures Trading Commission and of the Securities and Exchange Commission; and (2) the margin authority of the Board of Governors of the Federal Reserve System. Empowers the Commission to adjust and prescribe margin levels with respect to futures contracts.

Title III: Federal Financial Markets Coordinating Council - Establishes the Federal Financial Markets Coordinating Council to: (1) coordinate the regulatory operations of the Federal regulatory agencies represented on the Council; and (2) establish an advisory committee composed of representatives of the futures, commodities, options, securities exchanges, and the banking industry; and (3) present biennial status reports to the Congress.

Title IV: Administrative Provisions - Sets forth guidelines for Commission personnel and administration.

Title V: Transitional, Savings, and Conforming Provisions - Prescribes procedural guidelines for the transfer and allocation of appropriations and personnel.

Title VI: Effective Date - Sets forth the effective date of this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 7
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APA
U.S. Congress. (2026). H.R. 718: Markets and Trading Reorganization and Reform Act. 104th Congress. Open America. https://openamerica.io/bill/104-HR-718/
MLA
"H.R. 718: Markets and Trading Reorganization and Reform Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-718/.
Bluebook (legal)
H.R. 718, 104th Cong. (2026), https://openamerica.io/bill/104-HR-718/.
Markdown link
[H.R. 718: Markets and Trading Reorganization and Reform Act](https://openamerica.io/bill/104-HR-718/)
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