Energy Market Manipulation Prevention Act

Summary

Energy Market Manipulation Prevention Act - Directs the Commodity Futures Trading Commission (CFTC) to eliminate excessive speculation in energy contract markets, unwarranted energy price fluctuations, or other unlawful activities that prevent energy prices from accurately reflecting supply and demand. Requires the Commission to: (1) classify immediately each bank holding company engaged in energy futures trading as a noncommercial participant subject to strict position limits; (2) require immediately hedge funds engaged in energy futures trading to register as noncommercial participants subject to strict speculation limits; (3) eliminate conflicts of interest in which one entity has a hand in predicting oil prices, operating oil assets, and buying or selling oil derivatives; and (4) revoke immediately each staff no-action letter that covers a foreign board of trade that has established trading terminals in this country to trade U.S. commodities to U.S. investors.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 June 2009

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 15 June 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 June 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 June 2010

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 June 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 June 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 June 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 June 2009

  Open at official source

Sponsors

• PETER DEFAZIO · D · Sponsor
• Sen. Welch, Peter [D-VT] · D · Sponsor
• · hsag00 · Standing

Related records

• related to ← Energy Market Manipulation Prevention Act