H.R.6976: To amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes.

To amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. 9/18/2008--Introduced. Preventing Manipulation in Commodity Markets Act of 2008 - Amends the Commodity Exchange Act to define "energy commodity." Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its U.S-located members with access to the CFTC electronic trading system and order matching system for energy or agricultural commodities unless such board meets requirements similar to those imposed upon U.S. exchanges. Subjects swap transactions, transactions for agricultural and energy commodities, and large traders in over-the-counter contracts to reporting and recordkeeping requirements. Directs the Commission to: (1) set position limits for any one person with respect to designated contract markets, derivative transaction execution facilities, and electronic [...]

show full description