Gas Consumer Emergency Market Protection Act

Summary

Gas Consumer Emergency Market Protection Ac t This bill restricts natural gas trading during certain federal emergencies. Specifically, the Commodity Futures Trading Commission must require by rule that natural gas trading facilities impose limits to prevent market distortions in the spot market (i.e., commodities traded for immediate delivery) and the day-ahead market during such a period. Persons who violate this rule may be subject to a civil penalty of not more than $1 million per day. Additionally, the commission must study who benefitted from natural gas price increases associated with Winter Storm Uri.

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Timeline

1. 27 October 2021

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 27 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 November 2021

   Referred

   Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 October 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 October 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 October 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 October 2021

  Open at official source

Sponsors

• Rep. Castro, Joaquin [D-TX-20] · D · Sponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
• · hsag00 · Standing

Related records

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