On May 22, 2008, Congress passed the Food, Conservation, and Energy Act (a.k.a. the Farm Bill) which included the CFTC Reauthorization Act of 2008 (which amended the Commodity Exchange Act). The legislation reauthorized the Commodity Futures Trading Commission's (CFTC) authority through 2013 and gave it enhanced jurisdiction over forex transactions. The new CFTC forex rules, including the new registration and capital requirements, are a result of the new legislation.
