Joint resolution to extend the effective date of certain provisions of the Commodity Futures Trading Commission Act of 1974.

(Reported to Senate from the Committee on Agriculture and Forestry with amendment, S. Rept. 94-73)

Permits the Commodity Futures Trading Commission to grant provisional designation as a contract market to any boards of trade for any commodities traded thereon for such period not in excess of 90 days from the effective date of the Commodity Futures Trading Commission Act. Permits the Commission to grant provisional registration as a futures commission merchant, floor broker, associated person, commodity trading adviser, and commodity pool operator to any person for such period not in excess of 90 days from the effective date of such Act.

Permits the Commission to defer for not to exceed 90 days from the effective date of such Act specified registration and reporting requirements for persons associated with any futures commission merchant, commodity trading advisors, and commodity pool operators, and to defer specified provisions relating to administrative disciplinary proceedings and of submission to the Commission by contract markets of proposed bylaws and rules.

Defers effectiveness for 90 days of designated additional provisions of such Act.