Top Legislation - View All
Also tagged in: Administrative procedure, Business, Commodity exchanges, Commodity Futures Trading Commission, Criminal justice, Derivative securities, Energy, Executive departments, Finance, Fines (Penalties), Futures trading, Gas industry, Government information, Government paperwork, Government publicity, Independent regulatory commissions, Information disclosure (Securities law), Law, Natural gas, 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: Administrative procedure, Affiliated corporations, Business, Coal, Commodity Futures Trading Commission, Derivative securities, Diesel motor, Electricity, Energy, Executive departments, Finance, Foreign corporations, Futures trading, Gasoline, Independent regulatory commissions, Jurisdiction, Law, Natural gas, Petroleum, Propane, Securities regulation, Trade, Transportation, Uranium
Latest Action: 10/03/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo amend the Commodity Exchange Act to provide for regulation of energy derivatives, and for other purposes. 6/20/2008--Introduced. Energy Markets Anti-Manipulation and Integrity Restoration Act - Amends the Commodity Exchange Act to give the Commodity Futures Trading Commission (CFTC) jurisdiction over energy derivatives traded on or through a board of trade, exchange, or market, either domestic or foreign.
Also tagged in: Administrative procedure, Aviation fuels, Coal, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional oversight, Congressional reporting requirements, Department of Energy, Derivative securities, Diesel motor, Electric power, Energy, Energy prices, Executive departments, Federal Energy Regulatory Commission, Finance, Futures trading, Government information, Government publicity, Heating, Independent regulatory commissions, Injunctions, Law, Natural gas, Petroleum, Propane, Transportation
Latest Action: 06/24/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to provide for regulation of certain transactions involving energy commodities, to strengthen the enforcement authorities of the Federal Energy Regulatory Commission under the Natural Gas Act and the Federal Power Act, and for other purposes. 6/24/2008--Introduced. Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade.Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States.Prohibits the CFTC from exempting from regulation any "included energy transaction"[...] show full description
Also tagged in: Administrative procedure, Aviation fuels, Coal, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional oversight, Congressional reporting requirements, Department of Energy, Derivative securities, Diesel motor, Electric power, Energy, Energy prices, Executive departments, Federal Energy Regulatory Commission, Finance, Futures trading, Government information, Government publicity, Heating, Independent regulatory commissions, Injunctions, Law, Natural gas, Petroleum, Propane, Transportation
Latest Action: 10/03/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo provide for regulation of certain transactions involving energy commodities, to strengthen the enforcement authorities of the Federal Energy Regulatory Commission under the Natural Gas Act and the Federal Power Act, and for other purposes. 6/20/2008--Introduced. Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade.Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States.Prohibits the CFTC from exempting from regulation any "included energy transaction" unless [...] show full description
Also tagged in: Administrative procedure, Agricultural prices, Agriculture, Business, Commodity Futures Trading Commission, Derivative securities, Energy, Energy prices, Executive departments, Federal advisory bodies, Federal employees, Finance, Futures trading, Government employees, Government information, Government paperwork, Governmental investigations, Independent regulatory commissions, Information disclosure (Securities law), International finance, Law, Recruiting of employees, Securities industry, Securities regulation, Trade
Latest Action: 10/02/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextTo amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. 7/24/2008--Introduced. Commodity Markets Transparency and Accountability 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
Latest Action: 06/12/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to amend the Commodity Exchange Act to provide for the regulation of oil commodities markets, and for other purposes. 6/12/2008--Introduced. Policing United States Oil Commodities Markets Act of 2008 - Amends the Commodity Exchange Act to require a covered market or facility to register with the Commodities Futures Trading Commission (CFTC) as a designated contract market and be subject to each rule established and regulation promulgated by the CFTC. Defines "covered market or facility" as a contract market or electronic trading facility: (1) that operates one or more trading terminals within the United States; (2) on which there is transacted or facilitated any agreement, contract, or transaction that serves as a price discovery function for any energy commodity delivered in the United States; and (3) that is regulated by a foreign regulatory agency.
Also tagged in: Appropriations, Budgets, Business, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional investigations, Criminal justice, Derivative securities, Diesel motor, Energy, Energy prices, Executive departments, Executive reorganization, Federal employees, Finance, Fraud, Futures trading, Gasoline, Government employees, Government information, Government paperwork, Government publicity, Independent regulatory commissions, Information technology, Inspectors general, Petroleum, Politics and government, Prices, Restrictive trade practices, Technology, Trade, Transportation
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5628) Bill TextA bill to provide energy price relief by authorizing greater resources and authority for the Commodity Futures Trading Commission, and for other purposes. 6/12/2008--Introduced. Increasing Transparency and Accountability in Oil Prices Act of 2008 - Expresses the sense of the Senate that the President should immediately send to Congress a request for emergency appropriations for FY2008 for the Commodity Futures Trading Commission (CFTC) in an amount sufficient to: (1) help restore public confidence in energy commodities markets and federal oversight of those markets; (2) potentially impose limits on excessive speculation that is increasing the price of oil, gasoline, diesel, and other energy commodities; (3) significantly improve the information technology capabilities of the CFTC to help it effectively regulate the energy futures markets; and (4) fund at least 100 new full-time positions at the CFTC to oversee energy commodity market speculation and to enforce the Commodity [...] show full description
Also tagged in: Administrative procedure, Business, Commodity exchanges, Commodity Futures Trading Commission, Energy, Executive departments, Executive reorganization, Finance, Foundations, Futures trading, Government information, Government paperwork, Independent regulatory commissions, Inspectors general, Investments, Investors, Law, Pension funds, Pensions, Petroleum, Politics and government, Prices, Restrictive trade practices, Social services
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5629-5630) Bill TextA bill to amend the Commodity Exchange Act to ensure the application of speculation limits to speculators in energy markets, and for other purposes. 6/12/2008--Introduced. Oil Speculation Control Act of 2008 - Amends the Commodity Exchange Act to define "institutional investor" as a long-term investor in financial markets (including pension funds, endowments, and foundations) that invests in energy commodities as an asset class in a portfolio of financial investments and does not take or make physical delivery of energy commodities on a frequent basis.Establishes in the Commodity Futures Trading Commission (CFTC) an Office of the Inspector General.Directs the CFTC to carry out a review of the trading practices of index traders, swap dealers, and institutional investors in markets under the CFTC's jurisdiction to: (1) ensure that index trading is not adversely impacting the price discovery process; (2) determine whether different practices or regulations [...] show full description
Also tagged in: Administrative procedure, Agriculture, Appropriations, Budgets, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional reporting requirements, Continental shelf, Department of the Interior, Derivative securities, Electric batteries, Electric vehicles, Energy, Energy prices, Energy research, Executive departments, Federal employees, Finance, Futures trading, Gas in submerged lands, Government employees, Government information, Government procurement, Government publicity, Government trust funds, Government vehicles, Governmental investigations, Independent regulatory commissions, Law, Marine resources, Natural resources, Oil and gas leases, Oil shales, Oil well drilling, Open space lands, Petroleum in submerged lands, Public contracts, Recruiting of employees, Research and development, Science policy, Transportation, Water conservation, Water resources
Latest Action: 06/27/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 854. Bill TextA bill to address record high gas prices at the pump, and for other purposes. 6/26/2008--Introduced. Gas Price Reduction Act of 2008 - Amends the Outer Continental Shelf Lands Act (OCSLA) to prescribe procedures for petition, by the governor of a state with a new producing area within the offshore administrative boundaries beyond the state's submerged land, to make the new producing area available for oil and gas leasing. Directs the Secretary of the Treasury to deposit specified percentages of outer Continental Shelf revenues into: (1) the general fund of the Treasury; and (2) into a special account in the Treasury for disbursal to both new producing states and to the Land and Water Conservation Fund. Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008, to repeal the prohibition against funding: (1) regulations regarding a commercial leasing program for oil shale resources on public lands; or (2) an oil shale lease [...] show full description
Latest Action: 06/26/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities. 6/26/2008--Introduced. Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded;[...] show full description
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Latest Legislation - View All
Latest Action: 10/01/2008 - Sponsor introductory remarks on measure. (CR S10335-10336) Bill Text
A bill to amend the Commodity Exchange Act to require the Commodity Futures Trading Commission to develop and impose aggregate position limits on certain large over-the-counter transactions and classes of large over-the-counter transactions.
Also tagged in: Bank fraud, Credit, Criminal investigation, Criminal justice, Department of Justice, Derivative securities, Executive departments, Executive reorganization, Finance, Financial services, Fraud, Housing, Mortgages, Prosecution, Secondary mortgage market
Latest Action: 10/01/2008 - Sponsor introductory remarks on measure. (CR S10338) Bill TextA bill to establish a Special Joint Task Force on Financial Crimes. 10/1/2008--Introduced. Financial Crimes Accountability Act of 2008 - Directs the Attorney General to establish within the Department of Justice (DOJ) a Special Joint Task Force on Financial Crimes to: (1) provide direction for the investigation and prosecution of financial crimes (i.e., fraud, misrepresentation, or malfeasance involving financial products); and (2) make recommendations to the Attorney General and the President on allocating resources and coordinating governmental efforts to investigate and prosecute financial crimes.
Also tagged in: Administrative procedure, Agricultural prices, Agriculture, Business, Commodity Futures Trading Commission, Derivative securities, Energy, Energy prices, Executive departments, Federal advisory bodies, Federal employees, Finance, Futures trading, Government employees, Government information, Government paperwork, Governmental investigations, Independent regulatory commissions, Information disclosure (Securities law), International finance, Law, Recruiting of employees, Securities industry, Securities regulation, Trade
Latest Action: 10/02/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextTo amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes. 7/24/2008--Introduced. Commodity Markets Transparency and Accountability 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
Also tagged in: Administrative procedure, Banks and banking, Business, Business records, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional investigations, Congressional reporting requirements, Department of Energy, Energy, Energy industries, Energy prices, Executive departments, Executive reorganization, Federal employees, Finance, Futures trading, Government employees, Government information, Government paperwork, Government publicity, Governmental investigations, Independent regulatory commissions, Law, Natural gas, Natural gas prices, Petroleum, Trade
Latest Action: 07/25/2008 - Considered by Senate. (consideration: CR S7435-7436) Bill TextA bill to amend the Commodity Exchange Act, to prevent excessive price speculation with respect to energy commodities, and for other purposes. 7/15/2008--Introduced. Stop Excessive Energy Speculation Act of 2008 - Amends the Commodity Exchange Act to extend its coverage to energy commodities such as petroleum products and natural gas.Prohibits the Commodity Futures Trading Commission (CFTC) from permitting a foreign board of trade to provide its members or other participants subject to CFTC jurisdiction direct access to its electronic trading and order matching system unless it meets specified requirements.Authorizes the CFTC to require recordkeeping by any person either located within the United States or entering trades directly into the trade matching system of a foreign board of trade from the United States.Subjects such persons to liability for violation of CFTC rules and regulations.Directs the CFTC to convene a working group of international [...] show full description
Also tagged in: Administrative procedure, Agriculture, Appropriations, Budgets, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional reporting requirements, Continental shelf, Department of the Interior, Derivative securities, Electric batteries, Electric vehicles, Energy, Energy prices, Energy research, Executive departments, Federal employees, Finance, Futures trading, Gas in submerged lands, Government employees, Government information, Government procurement, Government publicity, Government trust funds, Government vehicles, Governmental investigations, Independent regulatory commissions, Law, Marine resources, Natural resources, Oil and gas leases, Oil shales, Oil well drilling, Open space lands, Petroleum in submerged lands, Public contracts, Recruiting of employees, Research and development, Science policy, Transportation, Water conservation, Water resources
Latest Action: 06/27/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 854. Bill TextA bill to address record high gas prices at the pump, and for other purposes. 6/26/2008--Introduced. Gas Price Reduction Act of 2008 - Amends the Outer Continental Shelf Lands Act (OCSLA) to prescribe procedures for petition, by the governor of a state with a new producing area within the offshore administrative boundaries beyond the state's submerged land, to make the new producing area available for oil and gas leasing. Directs the Secretary of the Treasury to deposit specified percentages of outer Continental Shelf revenues into: (1) the general fund of the Treasury; and (2) into a special account in the Treasury for disbursal to both new producing states and to the Land and Water Conservation Fund. Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008, to repeal the prohibition against funding: (1) regulations regarding a commercial leasing program for oil shale resources on public lands; or (2) an oil shale lease [...] show full description
Latest Action: 06/26/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities. 6/26/2008--Introduced. Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency powers, to: (1) curb immediately the role of excessive speculation in any contract market within its jurisdiction and control on or through which energy futures or swaps are traded;[...] show full description
Latest Action: 07/08/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 864. Bill TextTo direct the Commodity Futures Trading Commission to utilize all its authority, including its emergency powers, to curb immediately the role of excessive speculation in any contract market within the jurisdiction and control of the Commodity Futures Trading Commission, on or through which energy futures or swaps are traded, and to eliminate excessive speculation, price distortion, sudden or unreasonable fluctuations or unwarranted changes in prices, or other unlawful activity that is causing major market disturbances that prevent the market from accurately reflecting the forces of supply and demand for energy commodities. 6/26/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Energy Markets Emergency Act of 2008 - Directs the Commodity Futures Trading Commission (CFTC) to utilize all its authority, including its emergency [...] show full description
Also tagged in: Administrative procedure, Aviation fuels, Coal, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional oversight, Congressional reporting requirements, Department of Energy, Derivative securities, Diesel motor, Electric power, Energy, Energy prices, Executive departments, Federal Energy Regulatory Commission, Finance, Futures trading, Government information, Government publicity, Heating, Independent regulatory commissions, Injunctions, Law, Natural gas, Petroleum, Propane, Transportation
Latest Action: 06/24/2008 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Bill TextA bill to provide for regulation of certain transactions involving energy commodities, to strengthen the enforcement authorities of the Federal Energy Regulatory Commission under the Natural Gas Act and the Federal Power Act, and for other purposes. 6/24/2008--Introduced. Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade.Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States.Prohibits the CFTC from exempting from regulation any "included energy transaction"[...] 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, Futures trading, Gasoline, Independent regulatory commissions, Jurisdiction, Law, Natural gas, Petroleum, Propane, Securities regulation, Trade, Transportation, Uranium
Latest Action: 10/03/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo amend the Commodity Exchange Act to provide for regulation of energy derivatives, and for other purposes. 6/20/2008--Introduced. Energy Markets Anti-Manipulation and Integrity Restoration Act - Amends the Commodity Exchange Act to give the Commodity Futures Trading Commission (CFTC) jurisdiction over energy derivatives traded on or through a board of trade, exchange, or market, either domestic or foreign.
Also tagged in: Administrative procedure, Aviation fuels, Coal, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional oversight, Congressional reporting requirements, Department of Energy, Derivative securities, Diesel motor, Electric power, Energy, Energy prices, Executive departments, Federal Energy Regulatory Commission, Finance, Futures trading, Government information, Government publicity, Heating, Independent regulatory commissions, Injunctions, Law, Natural gas, Petroleum, Propane, Transportation
Latest Action: 10/03/2008 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo provide for regulation of certain transactions involving energy commodities, to strengthen the enforcement authorities of the Federal Energy Regulatory Commission under the Natural Gas Act and the Federal Power Act, and for other purposes. 6/20/2008--Introduced. Prevent Unfair Manipulation of Prices Act of 2008 - Amends the Commodity Exchange Act (CEA) to extend the regulatory authority of the Commodity Futures Trading Commission (CFTC) to certain transactions in derivatives involving specified energy commodities ("included energy transactions"), including those on foreign boards of trade.Defines "included energy transaction" as a contract, agreement, or transaction in an energy commodity for future delivery that: (1) provides for a delivery point in the United States; or (2) is transacted on a computer terminal located in the United States.Prohibits the CFTC from exempting from regulation any "included energy transaction" unless [...] show full description
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