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This bill amends the Commodity Exchange Act to exempt charitable organizations from federal commodity trading regulations and registration requirements with the Commodity Futures and Trading Commission (CFTC). The exemption applies to charitable organizations, their trustees, directors, officers, employees, and volunteers when conducting advisory or pool activities on behalf of the charitable organization or related investment trusts. The bill maintains existing exemptions for farm organizations, small advisors, and SEC-registered investment advisers, and requires exempted charitable organizations to provide certain disclosures under securities law.
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