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The Text of the Dodd-Frank Act
International Association of Risk and Compliance Professionals (IARCP)
 
Dodd Frank Act Section 751
SEC. 751. ENERGY AND ENVIRONMENTAL MARKETS ADVISORY COMMITTEE.

Section 2(a) of the Commodity Exchange Act (7 U.S.C. 2(a)) (as amended by section 727) is amended by adding at the end the following:

‘‘(15) ENERGY AND ENVIRONMENTAL MARKETS ADVISORY COMMITTEE.—

‘‘(A) ESTABLISHMENT.—

‘‘(i) IN GENERAL.—An Energy and Environmental Markets Advisory Committee is hereby established.

‘‘(ii) MEMBERSHIP.—The Committee shall have 9 members.

‘‘(iii) ACTIVITIES.—The Committee’s objectives and scope of activities shall be—

‘‘(I) to conduct public meetings;

‘‘(II) to submit reports and recommendations to the Commission (including dissenting or minority views, if any); and

‘‘(III) otherwise to serve as a vehicle for discussion and communication on matters of concern to exchanges, firms, end users, and regulators regarding energy and environmental markets and their regulation by the Commission.

‘‘(B) REQUIREMENTS.—

‘‘(i) IN GENERAL.—The Committee shall hold public meetings at such intervals as are necessary to carry out the functions of the Committee, but not less frequently than 2 times per year.

‘‘(ii) MEMBERS.—Members shall be appointed to 3-year terms, but may be removed for cause by vote of the Commission.

‘‘(C) APPOINTMENT.—The Commission shall appoint members with a wide diversity of opinion and who represent a broad spectrum of interests, including hedgers and consumers.

‘‘(D) REIMBURSEMENT.—Members shall be entitled to per diem and travel expense reimbursement by the Commission.

‘‘(E) FACA.—The Committee shall not be subject to the Federal Advisory Committee Act (5 U.S.C. App.).’’.
 


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