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Commodity Futures Trading Commission (CFTC)

A U.S. government agency that regulates the U.S. futures and options markets to protect market users and the public from fraud, manipulation, and abusive practices.

Advisory Committee

A group of individuals, not full-time government employees, who provide advice, information, or recommendations to a federal agency or the President.

Commodity Exchange Act

The federal law that governs commodity futures and options trading in the United States, granting the CFTC its regulatory authority.

Federal Advisory Committee Act (FACA)

A federal law that governs the creation and operation of advisory committees, ensuring transparency, public input, and oversight.

Charter

A formal document that establishes an advisory committee, outlining its purpose, scope, membership, and operating procedures.

Regulatory Activities

The actions taken by a government agency to control or supervise an industry or activity through rules and guidelines.

Minority Views

Opinions or recommendations held by a smaller group of members within a committee that differ from the majority's conclusions, which are also included in reports.