United States · United States Congress · 8 May 2008
Gas Price Spike Act of 2008 - Amends the Internal Revenue Code to impose a windfall profit tax on crude oil, natural gas, or products of crude oil or natural gas. Defines "windfall profit" as so much of the profit on a sale of crude oil, natural gas, or related products as exceeds a reasonable profit. Establishes the Reasonable Profits Board to determine levels of reasonable profit from the sale of such products. Allows a tax credit for the purchase of certain fuel-efficient, American-made passenger vehicles. Authorizes the Secretary of Transportation to make grants to operators of mass transit systems, including bus and commuter rail systems, to reduce passenger fares on such systems.
United States · United States Congress · 7 May 2008
Expresses the sense of Congress that in the context of the current global food crisis the nutritional needs of children must be a humanitarian priority. States that Congress: (1) recognizes that we are facing a global food crisis caused by, among other things, rising fuel prices, increased diversion of land to biofuel production, drought, and population increases; and (2) calls for a world forum to be held on the issue of rising food prices and international response and for the United States to play an active role in alleviating the crisis.
United States · United States Congress · 5 May 2008
Celebrates 75 years of effective state-based alcohol regulation. Recognizes the successful system of alcoholic beverage regulation, distribution, and sale. Expresses continued support for policies that allow states to effectively regulate alcohol.
United States · United States Congress · 24 April 2008
Recognizes that the incredible diversity of different racial and ethnic groups, including Asian American and Pacific Islander, is a source of strength for the United States. Recognizes that the Asian American and Pacific Islander community is influential and crucial to the society and culture of the United States. Reaffirms the commitment of the House of Representatives to the goals and ideals of Asian Pacific American Heritage Month. Celebrates the contributions of Asian Americans and Pacific Islanders to the United States.
United States · United States Congress · 23 April 2008
Providing Responsible Oversight and Testing of Equipment for Combat Troops Act of 2008 or the PROTECT Act of 2008 - Removes provisions requiring the Director of Operational Test and Evaluation in the Department of Defense (DOD) to provide guidance to and consult with the Secretary of Defense, the Under Secretary of Defense for Acquisition, Technology, and Logistics, and the Secretaries of the military departments with respect to operational test and evaluation or survivability testing (or both) in the DOD of force protection equipment (including nonlethal weapons). Adds items of (or key components of) personal equipment designed to provide some degree of protection to the user in combat to provisions requiring survivability and lethality testing before full-scale production.
United States · United States Congress · 23 April 2008
Recognizes the 100th anniversary of the Pearl Harbor Naval Shipyard and congratulates the men and women who provide exceptional service to our military and keep our Pacific Fleet fit to fight.
United States · United States Congress · 23 April 2008
Expresses support for: (1) the goals and ideals of Mental Health Month; and (2) the findings of the President's Commission on Mental Health that the nation's failure to prioritize mental health is a national tragedy. Recognizes that mental well-being is as important as physical well-being for people, the economy, and the nation. Applauds the coalescing of national and community organizations in working to promote public awareness of mental health and in providing critical information and support to the people and families affected by mental illness. Encourages all organizations and health practitioners to use Mental Health Month as an opportunity to promote mental well-being and awareness, ensure access to appropriate services, and support overall quality of life for those with mental illness.
United States · United States Congress · 23 April 2008
Recognizes: (1) National Missing Children's Day; and (2) that one of the most important tools for law enforcement to use in the case of a missing child is an up-to-date, good quality photograph (and urges all parents and guardians to follow this precaution). Acknowledges that National Missing Children's Day should remind Americans not to forget the children who are still missing and not to waver in the effort to reunite them with their families.
United States · United States Congress · 22 April 2008
Boy Scouts of America Centennial Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue up to 350,000 $1 coins in commemoration of the centennial of the founding of the Boy Scouts of America. Requires the coin design to be emblematic of the 100 years of the organization. Restricts issuance of such coins to February 8 through December 31, 2010. Subjects coin sales to a surcharge of $10 per coin. Requires payment of such surcharges to the National Boy Scouts of America Foundation, to be made available to local councils in the form of grants for the extension of Scouting in hard-to-serve areas.
United States · United States Congress · 16 April 2008
Amends the Internal Revenue Code to establish in the Treasury the Homeless Veterans Assistance Fund and to allow individual taxpayers to designate on their tax returns $3.00 of income taxes ($6.00 in the case of joint returns) to be paid over to such Fund to provide assistance to homeless veterans.
United States · United States Congress · 15 April 2008
Taxpayer Responsibility, Accountability and Consistency Act of 2008 - Amends the Internal Revenue Code to: (1) require reporting to the Internal Revenue Service (IRS) of payments of $600 or more made to corporations; (2) set forth criteria and rules relating to the treatment of workers as employees or independent contractors; and (3) increase penalties for failure to file correct tax return information or comply with other information reporting requirements. Requires the Secretary of the Treasury to issue an annual report on worker misclassification.
United States · United States Congress · 9 April 2008
Hydrogen Tax Incentives Act of 2008 - Amends the Internal Revenue Code to allow a tax credit for hydrogen infrastructure and fuel costs. Terminates such credit after three years.
United States · United States Congress · 9 April 2008
Post-9/11 Veterans Educational Assistance Act of 2008 - Amends federal veterans' benefits provisions to entitle to educational assistance under the Montgomery GI Bill individuals in certain length-of-service categories who, commencing on or after September 11, 2001, serve on active duty in the Armed Forces. Establishes the duration of such assistance (in most cases 36 months) and assistance amounts. Requires programs of education pursued with such assistance to be approved by the Secretary of Veterans Affairs. Allows for the pursuit of an approved program of education while on active duty. Allows, under such assistance, for the pursuit of: (1) programs on less than a half-time basis; (2) apprenticeship or other on-job training; (3) correspondence courses; (4) flight training; (5) tutorial assistance; and (6) licensure and certification tests. Makes individuals entitled to assistance under this Act also eligible for supplemental educational assistance for additional active duty service. Requires the Secretary to carry out a program, to be known as the "Yellow Ribbon G.I. Education Enhancement Program," under which colleges and universities may enter into an agreement with the Secretary to cover, for certain individuals, a portion of established charges not otherwise covered and match contributions toward such costs. Requires educational assistance under this Act to be used within 15 years of the individual's discharge or release from active duty (with exceptions). Allows individuals currently under the Montgomery GI Bill educational assistance program to elect to participate in the post-9/11 educational assistance program with respect to any unused entitlement.
United States · United States Congress · 8 April 2008
United States Army Commemorative Coin Act of 2008 - Instructs the Secretary of the Treasury to mint and issue $5 gold coins, $1 silver coins, and half dollar clad coins as numismatic items emblematic of the traditions, history, and heritage of the U.S. Army, and its role in American society from the Colonial period to today. Requires the design for such coins to contain motifs that honor specifically the American soldier of both today and yesterday, in wartime and in peace, consistent with the traditions and heritage of the U.S. Army, the mission and goals of the National Museum of the U.S. Army, and the missions and goals of the Army Historical Foundation. Restricts coin issuance to the one-year period beginning on January 1, 2011. Requires all surcharges from coin sales to be promptly paid by the Secretary to the Foundation to help finance the National Museum of the U.S. Army.
United States · United States Congress · 4 April 2008
Recognizes: (1) National Public Health Week; (2) the efforts of public health professionals, first responders, states, municipalities, and local communities to incorporate measures to adapt health care systems to address impacts of climate change; and (3) the role of adaptation in preventing impacts of climate change on vulnerable communities, the improvement of health status and equity through efforts to address climate change, and the need to include health policy in the development of climate responses. Encourages: (1) further research, interdisciplinary partnership, and collaboration to understand and monitor the health impacts of climate change, for preparedness activities, and for improvement of health care infrastructure; and (2) every American to learn about the impact of climate change on health.
United States · United States Congress · 4 April 2008
Recognizes the historic significance of the 60th anniversary of the reestablishment of the State of Israel as a homeland for the Jewish people. Reaffirms the bonds of friendship and cooperation which have existed between the United States and Israel for the past 60 years and commits to strengthening those bonds.
United States · United States Congress · 1 April 2008
Recognizes the historic significance of the journey to, and successful crossing of, the North Pole by the USS Nautilus. Commends its officers and crew on the 50th anniversary of such achievement. Recognizes the Nautilus's journey as not only a military and scientific accomplishment, but also in confirming America's long-standing interest in that vital region. Commends the role of the Nautilus and the U.S. submarine force in protecting the interests of the free world during the Cold War. Supports the continuing role of the U.S. submarine force in defending our country in the 21st century.
United States · United States Congress · 14 March 2008
Families Beyond Bars Act of 2008 - Authorizes the Attorney General to award grants to qualified organizations to carry out child-parent visitation programs that foster and develop familial ties between eligible children and their incarcerated parents. Directs the Comptroller General to study and report to Congress on child-parent visitation programs.
United States · United States Congress · 13 March 2008
Protecting the Medicaid Safety Net Act of 2008 - Amends the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Appropriations Act, 2007 to extend until April 1, 2009, the moratorium on implementation of a proposed rule ("Medicaid Program; Cost Limit for Providers Operated by Units of Government and Provisions To Ensure the Integrity of Federal-State Financial Partnership") relating to the federal-state financial partnerships under titles XIX (Medicaid) and XXI (State Children's Health Insurance Program) (SCHIP) of the Social Security Act. Extends until April 1, 2009, the moratorium on any action by the Secretary of Health and Human Services to restrict Medicaid payments for graduate medical education (GME). Amends the Medicare, Medicaid, and SCHIP Extension Act of 2007 to extend until April 1, 2009, the moratorium on certain restrictions relating to Medicaid coverage or payment for rehabilitation services or school-based administration and school-based transportation, including specified proposed regulations, if such restrictions are more restrictive in any aspect than those applied to such areas as of July 1, 2007. Establishes additional moratoria until April 1, 2009, on specified regulatory actions concerning Medicaid: (1) treatment of optional case management services; (2) outpatient hospital services; and (3) allowable provider taxes.
United States · United States Congress · 12 March 2008
Supports the goals and ideals of campaigns working to improve long-term public health and well being, including campaigns that work to prevent underage drinking of alcoholic beverages, such as the We Don't Serve Teens Campaign. Encourages Americans to utilize resources that provide a wealth of information beneficial to combating and reducing such underage drinking. Commends the leadership and continuing efforts of all groups working to reduce underage drinking.
United States · United States Congress · 11 March 2008
Prohibits the Secretary of the Interior from offering for oil and gas leasing, or specified related activities, any tract located in the Lease Sale 193 Area of the Alaska Outer Continental Shelf Region before the earlier of: (1) the listing of the polar bear as a threatened or endangered species under the Endangered Species Act of 1973 and a final decision regarding determination of its critical habitat; or (2) the date the Secretary publishes a determination that such listing is not warranted.
United States · United States Congress · 6 March 2008
Right to Clean Vehicles Act - Amends the Clean Air Act to approve the application of the state of California for a waiver of federal preemption of its motor vehicle emission standards.
United States · United States Congress · 26 February 2008
Recognizes: (1) the 250th anniversary of the Naming of Pittsburgh; and (2) that Pittsburgh 250 is organizing the commemoration. Encourages learning about how the Forbes Campaign, the opening of the Gateway to the West, the industrialization of America, and the environmental transformation of Pittsburgh helped to make America.
United States · United States Congress · 14 February 2008
Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008 - Directs the Secretary of Energy to suspend, during calendar year 2008, petroleum acquisition for the Strategic Petroleum Reserve (SPR) through the royalty-in-kind program or any other acquisition method. Authorizes resumption of such acquisition during calendar 2008 not earlier than 30 days after the Secretary notifies Congress that the weighted average price of petroleum in the United States for the most recent 90-day period is $50 or less per barrel.
United States · United States Congress · 13 February 2008
Commercial Fishing Industry Health Care Coverage Act of 2008 - Amends the Public Health Service Act to require the Secretary of Health and Human Services, through the Health Resources and Services Administration, to establish a grant program to assist commercial fishing states in establishing or strengthening programs to expand health care coverage and access for uninsured or underinsured workers in the commercial fishing industry and their families. Requires the Secretary to provide: (1) program planning grants for commercial fishing states and organizations within such states, including for initial research and planning to develop a qualified health care coverage program; and (2) implementation and administration grants for such states.
United States · United States Congress · 12 February 2008
Renewable Energy and Energy Conservation Tax Act of 2008- Amends Internal Revenue Code provisions relating to renewable energy sources and energy conservation. Extends: (1) the tax credit for production of electricity from renewable resources through 2011; (2) the energy tax credit for solar energy and fuel cell property through 2016; (3) the special rule for treatment of gain from electronic transmission transactions by certain electric utilities through 2009; (4) the tax credit for residential energy efficient property expenditures through 2014; (5) the tax credit for alternative fuel vehicle refueling property expenditures through 2010; (6) the tax credit for biodiesel and renewable diesel used as fuel through 2010; (7) the tax credit for nonbusiness energy property expenditures through 2009; and (8) the tax deduction for energy efficient commercial buildings through 2013. Allows new tax credits for: (1) investment in new clean renewable energy bonds and qualified energy conservation bonds; and (2) the production of plug-in hybrid motor vehicles, cellulosic alcohol fuel, and electricity from marine and hydrokinetic renewable energy sources. Revises the definition of "passenger automobile" for purposes of the limitation on depreciation deductions. Allows a tax exclusion for bicycle commuting reimbursements. Revises certain tax incentives for investment in the New York Liberty Zone. Revises tax credit amounts for certain energy efficient household appliances produced after 2007. Allows a five-year recovery period for the depreciation of qualified energy management devices. Places limits on the tax deduction for income attributable to the domestic production of oil, natural gas, and any related products. Revises tax rules relating to foreign oil and gas extraction income and foreign produced fuel used or sold outside the United States.
United States · United States Congress · 12 February 2008
Expresses support for the goals and ideals of American Heart Month and National Wear Red Day. Recognizes and reaffirms the commitment to fighting heart disease and stroke by promoting awareness about the causes, risks, and prevention, supporting research, and expanding access to medical treatment. Encourages all Americans to learn about their risk for heart disease.
United States · United States Congress · 7 February 2008
Provides that, if the federal medical assistance percentage (FMAP) determined under title XIX (Medicaid) of the Social Security Act without regard to this Act for a state for FY2008 is less than the FMAP as so determined for FY2007, the FY2007 FMAP shall be substituted for the FMAP for the third and fourth calendar quarters of FY2008, before the application of this Act. Provides that, if the FMAP determined without regard to this Act for a state for FY2009 is less than the FMAP as so determined for FY2008, the FY2008 FMAP shall be substituted for the FMAP for the first, second, and third calendar quarters of FY2009, before the application of this Act. Provides that, for each eligible state for the third and fourth calendar quarters of FY2008, and for the first, second, and third calendar quarters of FY2009, the FMAP shall be increased by 2.95 percentage points. Provides for an increase in the cap on Medicaid payments to Puerto Rico, the Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa. Declares that, only for FMAP computation purposes, any significant disproportionate employer pension or insurance fund contribution shall be disregarded in computing the per capita income of a state, but not in computing the per capita income for the continental United States (and Alaska) and Hawaii.
United States · United States Congress · 29 January 2008
Calls for recognition of Earl Lloyd for breaking the color barrier and becoming the first African-American to play in the National Basketball Association League 58 years ago.
United States · United States Congress · 28 January 2008
Recovery Rebates and Economic Stimulus for the American People Act of 2008 - Amends the Internal Revenue Code to: (1) grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers in 2008 ($1,200 to married couples filing joint returns, plus $300 for each dependent child); (2) provide for a minimum tax rebate of $300 ($600 for joint returns) for taxpayers with earned income of at least $3,000; (3) increase to $250,000 in 2008 the expensing allowance for depreciable business assets; and (4) allow business taxpayers a 50% bonus depreciation allowance for equipment placed in service in 2008. Reduces taxpayer rebates by 5% of the amount that exceeds an adjusted gross income of $75,000 ($150,000 for joint returns). Raises the statutory ceiling on the maximum original principal obligation of a mortgage, originated between July 1, 2007, and December 31, 2008, that may be purchased by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Expresses the sense of Congress that Fannie Mae and Freddie Mac should securitize mortgages acquired pursuant to the increased conforming loan limits of this Act, if the manner of securitization does not: (1) impose additional costs for mortgages originated, purchased, or securitized under existing limits; or (2) interfere with the goal of adding liquidity to the market. Establishes a temporary loan limit increase for mortgages in specified high-cost areas if the borrower receives credit approval by December 31, 2008. Grants the Secretary of Housing and Urban Development (HUD) discretionary authority to increase loan limits for a specified period.
United States · United States Congress · 17 January 2008
Prohibits the Secretary of the Interior from selling any oil and gas lease for any tract located in the Lease Sale 193 Area of the Alaska Outer Continental Shelf Region before the earlier of: (1) the listing of the polar bear as a threatened or endangered species under the Endangered Species Act of 1973 and a final decision regarding the determination of its critical habitat; or (2) the date the Secretary publishes a determination that such listing is not warranted.
United States · United States Congress · 15 January 2008
Iraq Strategic Agreement Review Act of 2008 - Directs the Secretary of State, the Secretary of Defense, and any other necessary representative of the executive branch of the U.S. government to begin consultations with the appropriate congressional committees and leadership on any potential long-term security, economic, or political agreement (agreement) with the government of Iraq. Expresses the sense of the Congress that: (1) full Iraqi sovereignty is in the U.S. national interest; and (2) any agreement that is not in the form of a treaty with respect to which the Senate has given its advice and consent to ratification under Article II of the Constitution of the United States does not have the force and effect of law. Prohibits obligating or expending funds for the implementation of any agreement with the government of Iraq unless the agreement is in the form of a treaty with respect to which the Senate has given its advice and consent to ratification under Article II.
United States · United States Congress · 19 December 2007
Recognizes the need to pursue research into the causes, treatment, and a cure for primary lateral sclerosis. Commends: (1) hospitals, community clinics, educational institutes, and other organizations that are working to increase awareness of, and conducting research for methods to help patients suffering from, the disorder; and (2) the Spastic Paraplegia Foundation for its efforts to educate, support, and provide hope for individuals who suffer from the disorder, while funding research to help find a cure. Expresses support for the designation of a Hardy Brown Primary Lateral Sclerosis Awareness Month.
United States · United States Congress · 6 December 2007
Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position which was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on its merits.
United States · United States Congress · 6 December 2007
Honors the citizens of the Pacific Northwest for their courage in facing the storm and efforts in helping their neighbors in a time of great need. Honors the National Weather Service, state and local police officers, fire fighters, local rescue personnel, other first responders, and amateur radio operators for their efforts in the face of the severe storm. Extends the thoughts and prayers of the U.S. House of Representatives to those whose lives have been devastated, and who have lost their housing, transportation, communications, water, heat, or electricity. Extends its profound and deepest sympathies to the families and friends of those who perished.
United States · United States Congress · 5 December 2007
Directs the Speaker of the House of Representatives and the President Pro Tempore of the Senate to arrange for the presentation of a congressional gold medal to to Daw Aung San Suu Kyi in recognition of her courageous and unwavering commitment to peace, nonviolence, human rights, and democracy in Burma.
United States · United States Congress · 5 December 2007
Medicare Electronic Medication and Safety Protection (E-MEDS) Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act to require the Secretary of Health and Human Services to: (1) make incentive payments for physician use of an electronic prescription drug program (E-prescribing); and (2) reduce by 10% the fee schedule amount for failure to use E-prescribing. Directs the Administrator of the Centers for Medicare & Medicaid Services to report to Congress on progress on implementing E-prescribing under the Medicare electronic prescription drug program.
United States · United States Congress · 15 November 2007
Mail Network Protection Act of 2007 - Requires the U.S. Postal Service to bargain with unions representing career Postal Service employees before entering into a contract for mail processing, mail handling, or surface transportation of mail if the contract, in a 12 month period, would involve work that would otherwise be performed by those employees and either: (1) involve more than a specified amount of work time; or (2) cost over $5 million.
United States · United States Congress · 15 November 2007
Medicare Fracture Prevention and Osteoporosis Testing Act of 2007 - Amends title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services to establish a national minimum payment amount for CPT code 77080 (relating to dual energy x-ray absorptiometry, or DXA, the most widely accepted method of measuring bone mass to predict fracture risk) and CPT code 77082 (relating to vertebral fracture assessment, or VFA), and any successor to such codes as identified by the Secretary (bone mass scans). Directs the Secretary to arrange with the Institute of Medicine of the National Academies to conduct a study for a report to the Secretary and Congress on: (1) the ramifications of Medicare reimbursement reductions for DXA and VFA on beneficiary access to bone mass measurement benefits; and (2) the methods to increase use of bone mass measurement by Medicare beneficiaries.
United States · United States Congress · 15 November 2007
Rural Veterans Health Care Access Act of 2007 - Directs the Secretary of Veterans Affairs (Secretary) to establish and implement a pilot program to provide mental health counseling services to eligible veterans at non-Department of Veterans Affairs (VA) medical facilities. Defines "eligible veteran" as one who: (1) served on active duty in support of a contingency operation; (2) is eligible to receive hospital care and medical services; (3) has been diagnosed with a mental health condition and recommended to receive mental health counseling; and (4) resides at least 30 miles from a VA medical facility that employs a full-time mental health professional. Requires the Secretary to issue to an eligible veteran a six-month supply of vouchers to be used to pay for counseling (including family counseling) services provided by the mental health provider. Requires the Secretary to conduct a study on the effectiveness of the pilot program.
United States · United States Congress · 13 November 2007
Native American Heritage Day Act of 2007 - Makes specified findings, including that the Friday immediately succeeding Thanksgiving Day of each year would be an appropriate day to designate as Native American Heritage Day. Encourages educational institutions to develop model educational curricula, in consultation with Native American governmental leaders, for purposes of recognizing a Native American Heritage Day, emphasizing the contributions of Native Americans to the United States and the world. Encourages the people of the United States, as well as federal, state, and local governments and interested groups and organizations to observe a Native American Heritage Day with appropriate programs, ceremonies, and activities.
United States · United States Congress · 13 November 2007
Declares that House of Representatives has lost confidence in Consumer Product Safety Commission (CPSC) Chairwoman Nancy Nord and urges the President to request her resignation and to nominate a replacement.
United States · United States Congress · 8 November 2007
Expresses sympathy for the victims of the devastating flooding affecting southern Mexico and conveys support to the people and government of Mexico. Urges the U.S. government to make available all possible assistance to Mexican authorities.
United States · United States Congress · 6 November 2007
Declares that House of Representatives has lost confidence in Consumer Product Safety Commission (CPSC) Chairwoman Nancy Nord and urges the President to request her resignation and to nominate a replacement.
United States · United States Congress · 6 November 2007
Declares that House of Representatives has lost confidence in Consumer Product Safety Commission (CPSC) Acting Chairman Nancy Nord and urges the President to request her resignation and to nominate a new candidate more capable of serving as the CPSC head.
United States · United States Congress · 1 November 2007
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 for trading on a designated contract market and similar contracts in the same energy commodity listed for trading on an energy trading facility: (1) prevent price manipulation, excessive speculation, price distortion, and disruption of the delivery or cash-settlement process; and (2) are on a parity with each other and are applied in a functionally equivalent manner. Requires CFTC to take necessary action to direct an energy trading facility or a designated contract market to require a person who has exceeded an applicable position limit or accountability level in an energy commodity to limit, reduce, or liquidate any position to prevent or reduce the threat of price manipulation, excessive speculation, price distortion, or disruption of the delivery or cash-settlement process. Sets forth provisions concerning the provision of information and records about energy trading contracts to CFTC. Revises provisions concerning the prohibition on energy contracts designed to defraud or mislead, including by prohibiting any person from cheating or defrauding another person in connection with any contract of sale of any commodity in interstate commerce or for future delivery that is made subject to the rules of a designated contract market for or on behalf of any such person (currently the provisions prohibit members of registered entities, correspondent agents, or employees of members from such actions.) Requires CFTC to issue a rule regarding the requirements for an application for registration for an energy trading facility.
![Official portrait of Rep. Larson, John B. [D-CT-1]](https://www.congress.gov/img/member/l000557_200.jpg)