Top Legislation - View All
Also tagged in: Administrative procedure, Business, Business records, Coal, Commodity exchanges, Commodity Futures Trading Commission, Diesel motor, Electric power production, Energy, Executive departments, Finance, Gasoline, Government information, Government paperwork, Heating, Independent regulatory commissions, Law, Natural gas, Petroleum, Propane
Latest Action: 02/13/2007 - Sponsor introductory remarks on measure. (CR S1920-1921) Bill TextA bill to amend the Commodity Exchange Act to add a provision relating to reporting and recordkeeping for positions involving energy commodities. 2/13/2007--Introduced. Oil and Gas Traders Oversight Act of 2007 - Amends the Commodity Exchange Act to prescribe reporting and recordkeeping requirements for positions involving energy commodities (a commodity or the derivatives of a commodity used primarily as a source of energy). Directs the Commodity Futures Trading Commission to subject to the requirements of this Act a contract, agreement, or transaction for future delivery in an energy commodity.
Also tagged in: Business, Contractors, Dividends, Excise tax, Finance, Foreign corporations, Foreign exchange, Health facilities, Income tax, International finance, Leases, Medical care, Medicine, Real estate investment trusts, Rent, Securities, Stocks, Subsidiary corporations, Tax administration, Tax exclusion, Tax penalties, Taxation, Trade
Latest Action: 02/16/2007 - Sponsor introductory remarks on measure. (CR E384-385) Bill TextTo amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. 2/16/2007--Introduced. REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.
Also tagged in: Business, Contractors, Dividends, Excise tax, Finance, Foreign corporations, Foreign exchange, Health facilities, Income tax, International finance, Leases, Medical care, Medicine, Real estate investment trusts, Rent, Securities, Stocks, Subsidiary corporations, Tax administration, Tax exclusion, Tax penalties, Taxation, Trade
Latest Action: 08/03/2007 - Sponsor introductory remarks on measure. (CR S10931-10932) Bill TextA bill to amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. 8/3/2007--Introduced. REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.
Also tagged in: Administrative procedure, Commodity exchanges, Commodity Futures Trading Commission, Electric power, Energy, Energy prices, Executive departments, Finance, Fraud, Gasoline, Government information, Government paperwork, Heating, Independent regulatory commissions, Law, Methane, Natural gas, Petroleum, Propane
Latest Action: 09/17/2007 - Sponsor introductory remarks on measure. (CR S11596-11597, S11600-11603) Bill TextA bill to amend the Commodity Exchange Act to close the Enron loophole, prevent price manipulation and excessive speculation in the trading of energy commodities, and for other purposes. 9/17/2007--Introduced. Close the Enron Loophole Act - Amends the Commodity Exchange Act to provide that it applies to an agreement, contract, or transaction in an exempt commodity that is executed or traded on an electronic trading facility that is an energy trading center.Prohibits any person from entering into an agreement, contract, or transaction for future delivery of an energy commodity that is not a spot sale of cash commodity or a sale of a cash commodity for deferred shipment or delivery on or through an energy trading facility that is not registered as such with the U.S. Commodity Futures Trading Commission (CFTC). Sets forth registration criteria.Requires CFTC to ensure that the position limits and accountability levels applicable to contracts in an energy commodity [...] show full description
Also tagged in: Administrative procedure, Confidential communications, Congress, Congressional employees, Congressional ethics, Congressional officers, Congressional publicity, Congressional reporting requirements, Data banks, Directories, Executive departments, Federal employees, Finance, Government employees, Government information, Government paperwork, House rules and procedure, Independent regulatory commissions, Information disclosure (Securities law), Insider trading in securities, Intelligence activities, Investment advisers, Law, Legislation, Members of Congress, Misconduct in office, Official secrets, Securities and Exchange Commission, Technology
Latest Action: 06/26/2007 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes. 5/16/2007--Introduced. Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to prohibit purchase or sale of either securities or commodities for future delivery by a person in possession of material nonpublic information regarding pending or prospective legislative action if the information was obtained: (1) knowingly from a Member or employee of Congress; (2) by reason of being a Member or employee of Congress; and (3) other federal employees. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit designated House personnel from [...] show full description
Also tagged in: Administrative procedure, Executive departments, Finance, Government information, Government paperwork, Independent regulatory commissions, Information disclosure (Securities law), Investment advisers, Law, Mutual funds, Securities and Exchange Commission, Securities regulation
Latest Action: 06/06/2007 - Referred to the House Committee on Financial Services. Bill TextTo amend the Investment Advisers Act of 1940 to authorize the Commission to require the registration of hedge fund advisers under that Act. 6/6/2007--Introduced. Securities and Exchange Commission Authority Restoration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from the requirement of registration for any investment adviser: (1) who has had fewer than fifteen clients during the course of the preceding twelve months; and (2) who neither holds himself out generally to the public as an investment adviser, nor acts an an investment adviser to any registered investment company or a company which has elected to be a business development company. Authorizes the Securities and Exchange Commission (SEC) to: (1) limit the availability of this exemption; and (2) require the registration of any investment adviser by requiring that certain shareholders, partners, and beneficial owners of, or investors in, clients of the adviser be counted [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Agriculture, Business, Business records, Coal, Commodity exchanges, Commodity Futures Trading Commission, Commodity prices, Criminal justice, Derivative securities, Diesel motor, Electricity, Embezzlement, Energy, Energy prices, Executive departments, Finance, Fines (Penalties), Gasoline, Government information, Government paperwork, Independent regulatory commissions, Information disclosure (Securities law), Larceny, Law, Market manipulation, Natural gas, Petroleum, Propane, Restrictive trade practices, Securities fraud, Securities industry, Securities regulation
Latest Action: 02/02/2007 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo regulate over-the-counter trading of energy derivatives. 1/19/2007--Introduced. Prevent Unfair Manipulation of Prices Act of 2007 - Amends the Commodity Exchange Act to extend its jurisdiction to certain: (1) "included energy transactions" traded on an electronic trading facility; and (2) certain energy commodities involved in over-the-counter transactions. Sets forth reporting and recordkeeping requirements for: (1) certain contract participants that enter into or execute "included energy transactions;" and (2) electronic trading facilities for energy commodities. Extends prohibitions against fraudulent transactions to: (1) filling an order by offset against the other person's order; and (2) knowingly and willfully becoming the buyer in respect to another person's selling order, or the seller in respect to another person's buying order, without the other person's prior consent. Empowers the Commodities Futures Trading Commission [...] show full description
Also tagged in: Administrative procedure, Business, Commodity exchanges, Commodity Futures Trading Commission, Criminal justice, Derivative securities, Energy, Executive departments, Finance, Fines (Penalties), Gas industry, Government information, Government paperwork, Government publicity, Independent regulatory commissions, Information disclosure (Securities law), Law, Natural gas, Swaps (Finance), Trade
Latest Action: 04/25/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo enhance transparency of trading in over-the-counter derivatives in natural gas. 7/12/2007--Introduced. Market Transparency Reporting of United States Transactions Act of 2007 - Amends the Commodity Exchange Act to define "included natural gas transaction" as a contract, agreement, or transaction in natural gas that is entered into: (1) in reliance on the provisions regarding either excluded swap transactions or the legal certainty for certain transaction in exempt commodities; or (2) by use of a domestic technology or software providing direct access to a foreign board of trade. (Thus places natural gas transactions within the jurisdiction of the Commodity Futures Trading Commission (CFTC).) Prescribes recordkeeping and disclosure requirements governing natural gas in swap transactions, positions, inventories and commitments otherwise excluded from CFTC jurisdiction ("over-the-counter transactions"). Requires the CFTC to: (1) establish [...] show full description
Also tagged in: Agricultural assistance, Agricultural colleges, Agricultural conservation, Agricultural credit, Agricultural education, Agricultural experiment stations, Agricultural extension work, Agricultural research, Agricultural statistics, Agricultural subsidies, Agriculture, Agriculture in foreign trade, Alien labor, Alternative energy sources, Animals, Apartment houses, Appropriations, Block grants, Broadband, Broadcast journalism, Budgets, Business, California, Child nutrition, Children, China, Commodity Futures Trading Commission, Conflict of interests, Congress, Congressional oversight, Credit insurance, Crop insurance, Dairy industry, Dairy products, Dams, Department of Agriculture, Department of Health and Human Services, Department of Homeland Security, Disaster relief, Distance education, Drugs, East Asia, Economic policy, Economic research, Education, Electronic data interchange, Elementary and secondary education, Emergency management, Energy, Energy conservation, Enterprise zones, Environmental protection, Executive departments, Executive reorganization, Export finance, Farm Credit Administration, Farm lands, Federal advisory bodies, Federal aid to education, Federal aid to housing, Federal Crop Insurance Corporation, Federally-guaranteed loans, Finance, Flood control, Food, Food and Drug Administration (FDA), Food relief, Food safety, Food stamps, Foreign aid, Fruit, Government and the press, Government corporations, Government information, Government lending, Government publicity, Grassland ecology, Groundwater, Habitat conservation, Hazardous substances, Hazardous wastes, Higher education, Horses, Housing, Housing subsidies, Illegal aliens, Illinois, Immigration, Imports, Independent regulatory commissions, Indian lands, Indians, Infrastructure, Insect control, Inspectors general, Irrigation, Labor, Laboratories, Lighting, Livestock, Meat inspection, Medical care, Medicine, Methyl bromide, Minorities, Mississippi, Natural resources, North Carolina, Nutrition, Pest control, Pesticides, Politics and government, Poultry, Prescription pricing, Public contracts, Rental housing, Rescission of appropriated funds, Residential rehabilitation, Restoration ecology, Rural affairs, Rural economic development, Rural housing, Scholarships, School lunch program, Science policy, Sewage treatment, Sewerage, Solid wastes, State and local government, Surveys, Technology, Telecommunication, Telemedicine, Texas, Trade, Vegetables, Washington State, Water conservation, Water pollution, Water pollution control, Water resources, Watersheds, Welfare, West Virginia, Wetlands, WIC program, Wildlife conservation
Latest Action: 08/03/2007 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 331. Bill TextMaking appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2008, and for other purposes. 8/2/2007--Passed House amended. (There are 2 other summaries) Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2008 - Title I: Agricultural Programs - Appropriates FY2008 funds for the following Department of Agriculture (Department) programs and services: (1) Office of the Secretary of Agriculture (Secretary); (2) executive operations; (3) National Appeals Division; (4) Office of Budget and Program Analysis; (5) Homeland Security Staff; (6) Office of the Chief Information Officer; (7) Office of the Chief Financial Officer; (8) Office of the Assistant Secretary for Civil Rights; (9) Office of Civil Rights; (10) Office of the Assistant Secretary for Administration; (11) agriculture buildings and facilities [...] show full description
Latest Action: 09/07/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. 9/7/2007--Introduced. Amends Internal Revenue Code provisions relating to the tax on the unrelated business income of tax-exempt organizations to exempt from treatment as acquisition indebtedness (subject to the unrelated business income tax) indebtedness incurred or continued by a limited partnership in a partnership to purchase or carry certain securities or commodities.
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Latest Legislation - View All
Also tagged in: Administrative procedure, Business, Commodity exchanges, Commodity Futures Trading Commission, Energy, Executive departments, Finance, Foreign policy, Governmental investigations, Independent regulatory commissions, Information disclosure (Securities law), International affairs, International cooperation, Law, Margins (Security trading), Petroleum
Latest Action: 06/24/2008 - Sponsor introductory remarks on measure. (CR S6021-6022) Bill TextA bill to amend the Commodity Exchange Act to provide oil and gas price relief by requiring the Commodity Futures Trading Commission to take action to end excessive speculation, and for other purposes. 6/24/2008--Introduced. End Oil Speculation Act of 2008 - Amends the Commodity Exchange Act to direct the Commodity Futures Trading Commission (CFTC) to eliminate manipulation and excessive speculation on petroleum futures markets by investigation, regulation, and rulemaking, while distinguishing between: (1) transactions by commercial producers and purchasers (as well as counterparties) involving actual physical petroleum products for future delivery ("legitimate hedge trading"); and (2) all other trading. Instructs the CFTC to review and: (1) revoke or modify prior action regarding certain transactions, participants, or petroleum futures market activity that is not a legitimate hedge trade; and (2) consider revoking results of prior actions that have the effect [...] show full description
Also tagged in: Administrative procedure, Affiliated corporations, Business, Coal, Commodity Futures Trading Commission, Derivative securities, Diesel motor, Electricity, Energy, Executive departments, Finance, Foreign corporations, Gasoline, Independent regulatory commissions, Jurisdiction, Law, Natural gas, Petroleum, Propane, Securities regulation, Swaps (Finance), Trade, Transportation, Uranium
Latest Action: 06/20/2008 - Sponsor introductory remarks on measure. (CR E1305) Bill Text
To amend the Commodity Exchange Act to provide for regulation of energy derivatives, and for other purposes.
Also tagged in: Building materials, Commodity exchanges, Energy, Finance, Fuel, Gasoline, Heating, Metals, Natural gas, Petroleum, Propane
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5631-5632) Bill TextA bill to amend the Commodity Exchange Act to require energy commodities to be traded only on regulated markets, and for other purposes. 6/12/2008--Introduced. Amends the Commodity Exchange Act to require energy commodities to be traded only on regulated markets.
Also tagged in: Actions and defenses, Air pollution, Alcohol as fuel, Alternative energy sources, Antitrust law, Armed forces, Biomass energy, Budgets, Business, Cartels, Climate change, Congress, Congressional oversight, Congressional reporting requirements, Criminal justice, Defense economics, Derivative securities, Disaster relief, Emergency management, Energy, Energy prices, Energy security, Energy supplies, Environmental protection, Excess profits tax, Finance, Fines (Penalties), Foreign policy, Foreign tax credit, Gasoline, Government information, Government liability (International law), Government procurement, Government publicity, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, Iraq compilation, Law, Losses, Margins (Security trading), Natural gas, Oil and gas royalties, Parties to actions, Petroleum industry, Petroleum reserves, Price fixing, Profit, Public contracts, Restrictive trade practices, Strategic materials, Tax credits, Tax deductions, Taxation of foreign income, Telecommunication, Telephone, Trade
Latest Action: 06/11/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5472-5517) Bill TextA bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. 5/20/2008--Introduced. Consumer-First Energy Act of 2008 - Amends the Internal Revenue Code to: (1) deny major integrated oil companies (i.e., companies producing at least 500,000 barrels of crude oil daily) a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (2) conform tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) impose a windfall profits tax on major integrated oil companies; and (4) establish an Energy Independence and Security Trust Fund funded by revenues raised by the tax provisions of this Act to reduce U.S. dependence on foreign and unsustainable energy sources and reduce the risks of global warming. Petroleum Consumer Price Gouging Protection Act - Declares [...] show full description
Also tagged in: Acreage allotments, Administrative procedure, Agricultural assistance, Agricultural conservation, Agricultural credit, Agricultural estimating and reporting, Agricultural prices, Agricultural research, Agricultural subsidies, Agriculture, Agriculture in foreign trade, Animals, Armed forces, Authorization, Budgets, Business, Caribbean area, Chesapeake Bay, Child labor, Child nutrition, Children, Civil liberties, Commemorations, Congress, Congressional oversight, Congressional reporting requirements, Conservation easements, Corn, Cotton, Crop insurance, Dairy industry, Dairy products, Death, Defense policy, Department of Agriculture, Developing countries, Disaster loans, Disaster relief, Emergency management, Energy, Energy conservation, Environmental protection, Export finance, Exports, Farm lands, Farmers, Farms, Federally-guaranteed loans, Feed grains, Finance, Fines (Penalties), Food, Food relief, Food safety, Food stamps, Forced labor, Foreign aid, Foreign policy, Foreign trade promotion, Forest conservation, Forestry, Free trade, Fruit, Government information, Government lending, Government paperwork, Government publicity, Grassland ecology, Grazing, Great Lakes, Grocery trade, Habitat conservation, Haiti, Honey, Horticulture, Housing, Housing subsidies, Human rights, Hunger, Illinois, Import restrictions, Imports, Indemnity, Indiana, International affairs, International agencies, Iowa, Irrigation, Job training, Lakes, Latin America, Law, Leases, Legumes, Livestock, Losses, Lumber trade, Marketing of farm produce, Marketing orders, Maryland, Michigan, Military pay, Milk, Minnesota, Minorities, Minority business enterprises, Montana, Names, Natural resources, North Dakota, Nutrition, Ohio, Oilseeds, Old age, survivors and disability insurance, Organic farming, Peanuts, Public contracts, Research and development facilities, Research centers, Rice, Right of privacy, Rural affairs, Rural economic development, Saline waters, Science policy, Sediment control, Small business, Social security, Soil conservation, Soil erosion, Sorghum, South Dakota, Soybeans, Storage, Sugar, Tariff, Tariff preferences, Taxation, Technical assistance, Trade, Trade agreements, Trees, Vegetables, Water pollution, Water pollution control, Water quality, Water resources, Watersheds, Welfare, Welfare eligibility, Welfare work participation, Wetlands, Wheat, Wildlife conservation, Wind power, Wisconsin, Wool
Latest Action: 06/18/2008 - Vetoed by President. (text of veto message: CR H5535) Bill TextTo provide for the continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2012, and for other purposes. 5/22/2008--Introduced. Food, Conservation, and Energy Act of 2008 - Provides for the continuation of agricultural and other programs of the Department of Agriculture through FY2012.Revises agricultural and related programs, including provisions respecting: (1) commodity programs; (2) conservation; (3) trade; (4) nutrition; (5) credit; (6) rural development; (7) research and related matters; (8) forestry; (9) energy; (10) horticulture and organic agriculture; (11) livestock; (12) crop insurance and disaster assistance; (13) socially disadvantaged and limited resource producers; and (14) miscellaneous programs.Directs the President to establish and maintain an importer declaration program with respect to the importation of softwood lumber and softwood lumber products.Establishes the Bill Emerson National Hunger [...] show full description
Latest Action: 05/08/2008 - Referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to amend the Commodity Exchange Act to enhance oil trading transparency. 5/8/2008--Introduced. Oil Trading Transparency Act - Amends the Commodity Exchange Act to address the kind of case in which the Commodity Futures Trading Commission (CFTC) grants or considers granting relief to a foreign board of trade from the requirement that it become a designated contract market, derivatives transaction execution facility, or other registered entity with respect to an energy commodity physically delivered in the United States. Requires the CFTC, before granting or considering such relief, to determine that the foreign board of trade: (1) applies comparable principles or requirements regarding daily publication of trading information and position limits or accountability levels for speculators as apply to a designated contract market, derivatives transaction execution facility, or other registered entity trading energy commodities physically delivered in the United States;[...] show full description
Also tagged in: Actions and defenses, Air pollution, Alcohol as fuel, Alternative energy sources, Antitrust law, Armed forces, Biomass energy, Budgets, Business, Cartels, Climate change, Congress, Congressional oversight, Congressional reporting requirements, Criminal justice, Defense economics, Derivative securities, Disaster relief, Emergency management, Energy, Energy prices, Energy security, Energy supplies, Environmental protection, Excess profits tax, Finance, Fines (Penalties), Foreign policy, Foreign tax credit, Gasoline, Government information, Government liability (International law), Government procurement, Government publicity, Government trust funds, Governmental investigations, Greenhouse gases, Income tax, International affairs, Iraq compilation, Law, Losses, Margins (Security trading), Natural gas, Oil and gas royalties, Parties to actions, Petroleum industry, Petroleum refineries, Petroleum reserves, Price fixing, Profit, Public contracts, Restrictive trade practices, Strategic materials, Tax credits, Tax deductions, Taxation of foreign income, Telecommunication, Telephone, Trade
Latest Action: 05/12/2008 - Sponsor introductory remarks on measure. (CR S3988-3989) Bill TextA bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. 5/7/2008--Introduced. Consumer-First Energy Act of 2008 - Amends the Internal Revenue Code to: (1) deny major integrated oil companies (i.e., companies producing at least 500,000 barrels of crude oil daily) a tax deduction for income attributable to domestic production of oil, gas, or primary products thereof; (2) conform tax treatment of foreign oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit; (3) impose a windfall profits tax on major integrated oil companies; and (4) establish an Energy Independence and Security Trust Fund funded by revenues raised by the tax provisions of this Act to reduce U.S. dependence on foreign and unsustainable energy sources and reduce the risks of global warming. Petroleum Consumer Price Gouging Protection Act - Declares [...] show full description
Also tagged in: Authorization, Budgets, Commodity Futures Trading Commission, Criminal investigation, Criminal justice, Executive departments, Finance, Fines (Penalties), Foreign exchange, Government information, Government paperwork, Governmental investigations, Independent regulatory commissions, Information disclosure (Securities law), International finance, Jurisdiction, Law, Margins (Security trading), Market manipulation, Options (Contract), Prosecution, Securities fraud, Securities regulation, Sentences (Criminal procedure)
Latest Action: 04/10/2008 - Sponsor introductory remarks on measure. (CR E580) Bill TextTo amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission authority over off-exchange retail foreign currency transactions, and for other purposes. 4/10/2008--Introduced. CFTC Improvement Act of 2008 - Amends the Commodity Exchange Act to revise Commodity Futures Trading Commission (CFTC) jurisdiction over certain agreements, contracts, and transactions in retail foreign currency. Extends coverage to certain future commissions merchants (and affiliated persons) and retail foreign exchange dealers. Requires them to register with the CFTC in order to solicit or accept orders from any person that is not an eligible contract participant in connection with such agreements, contracts, or transactions. Directs the CFTC to maintain a liaison with the Department of Justice to coordinate civil and criminal investigations and prosecutions of violations of the Act. Revises the prohibition against contracts designed to defraud or mislead.[...] show full description
Also tagged in: Authorization, Budgets, Commodity Futures Trading Commission, Criminal justice, Executive departments, Finance, Fines (Penalties), Foreign exchange, Government information, Government paperwork, Independent regulatory commissions, Information disclosure (Securities law), International finance, Jurisdiction, Law, Market manipulation, Securities fraud, Securities regulation, Sentences (Criminal procedure)
Latest Action: 04/25/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo reauthorize and amend the Commodity Exchange Act to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, and for other purposes. 12/13/2007--Introduced. CFTC Reauthorization Act of 2007 - Amends the Commodity Exchange Act to revise Commodities Futures Trading Commission (CFTC) jurisdiction over an agreement, contract, or retail transaction in foreign currency. Extends coverage to certain future commissions merchants (and affiliated persons) and retail foreign exchange dealers. Requires them to register with the CFTC in order to: (1) solicit or accept orders from any person that is not an eligible contract participant in connection with such agreements, contracts, or transactions; (2) exercise discretionary trading authority (or obtain written authorization to do so) over any account for or on behalf of such a person; or (3) operate or solicit funds, securities, or property for any pooled investment [...] show full description
Also tagged in: Administrative procedure, Commodity exchanges, Commodity Futures Trading Commission, Electric power, Energy, Energy prices, Executive departments, Finance, Fraud, Gasoline, Government information, Government paperwork, Heating, Independent regulatory commissions, Information disclosure (Securities law), Law, Methane, Natural gas, Petroleum, Propane
Latest Action: 11/01/2007 - Referred to the House Committee on Agriculture. Bill TextTo amend the Commodity Exchange Act to close the Enron loophole, prevent price manipulation and excessive speculation in the trading of energy commodities, and for other purposes. 11/1/2007--Introduced. Close the Enron Loophole Act - Amends the Commodity Exchange Act to provide that it applies to an agreement, contract, or transaction in an exempt commodity that is executed or traded on an electronic trading facility that is an energy trading center.Prohibits any person from entering into an agreement, contract, or transaction for future delivery of an energy commodity that is not a spot sale of cash commodity or a sale of a cash commodity for deferred shipment or delivery on or through an energy trading facility that is not registered as such with the U.S. Commodity Futures Trading Commission (CFTC). Sets forth registration criteria.Requires CFTC to ensure that the position limits and accountability levels applicable to contracts in an energy commodity listed [...] show full description
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